WESCO International (NYSE:WCC) Share Price Breaks Above 200-Day Moving Average – Should You Sell?

WESCO International, Inc. (NYSE:WCC)’s share price passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $331.55 and traded as high as $371.40. WESCO International shares last traded at $367.1390, with a volume of 271,265 shares.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Wall Street Zen downgraded WESCO International from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Zacks Research upgraded WESCO International from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd. Stephens raised shares of WESCO International from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $350.00 to $400.00 in a research note on Tuesday, July 14th. Weiss Ratings cut shares of WESCO International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, September 1st. Finally, DA Davidson started coverage on shares of WESCO International in a research note on Tuesday, June 16th. They issued a “buy” rating and a $440.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $394.17.

WESCO International Trading Up 1.6%

The stock’s fifty day moving average price is $347.99 and its 200 day moving average price is $331.55. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.09 and a quick ratio of 1.23. The stock has a market capitalization of $17.89 billion, a P/E ratio of 25.37, a PEG ratio of 2.19 and a beta of 1.53.

WESCO International (NYSE:WCC) last posted its quarterly earnings results on Thursday, July 30th. The technology company reported $4.57 EPS for the quarter, topping the consensus estimate of $3.98 by $0.59. The company had revenue of $6.67 billion for the quarter, compared to the consensus estimate of $6.44 billion. WESCO International had a net margin of 2.84% and a return on equity of 14.95%. The firm’s revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the firm posted $3.83 EPS. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. Research analysts forecast that WESCO International, Inc. will post 16.77 earnings per share for the current year.

WESCO International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, September 11th. WESCO International’s payout ratio is currently 13.82%.

Insider Activity at WESCO International

In related news, Director Laura Thompson sold 270 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $368.45, for a total value of $99,481.50. Following the completion of the sale, the director owned 10,720 shares in the company, valued at approximately $3,949,784. The trade was a 2.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Daniel J. Castillo acquired 960 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was purchased at an average cost of $365.89 per share, for a total transaction of $351,254.40. Following the purchase, the executive vice president owned 16,305 shares of the company’s stock, valued at $5,965,836.45. This represents a 6.26% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 2.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On WESCO International

Several institutional investors have recently made changes to their positions in WCC. Bell Investment Advisors Inc purchased a new stake in WESCO International in the second quarter worth about $26,000. Transamerica Financial Advisors LLC purchased a new position in WESCO International during the 2nd quarter valued at about $27,000. Jones Financial Companies Lllp purchased a new position in WESCO International during the 2nd quarter valued at about $36,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of WESCO International in the 2nd quarter valued at about $38,000. Finally, Hilton Head Capital Partners LLC bought a new stake in shares of WESCO International in the 4th quarter valued at about $39,000. Hedge funds and other institutional investors own 93.75% of the company’s stock.

About WESCO International

WESCO International, Inc is a business-to-business distributor and supply chain solutions provider serving the electrical, communications, security, utility and broadband industries. The company supplies products such as electrical and electronic components, wire and cable, lighting, automation equipment, network infrastructure, security systems, safety products and utility equipment.

Through its distribution operations and supply chain services, WESCO helps commercial, industrial, institutional, utility and government customers manage procurement, inventory, logistics and other aspects of their operations.