WESCO International (NYSE:WCC) Director Laura Thompson Sells 270 Shares of Stock

WESCO International, Inc. (NYSE:WCC) Director Laura Thompson sold 270 shares of the firm’s stock in a transaction dated 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 transaction, the director owned 10,720 shares in the company, valued at approximately $3,949,784. This trade represents a 2.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

WESCO International Price Performance

WESCO International stock opened at $359.82 on Friday. WESCO International, Inc. has a 52-week low of $203.40 and a 52-week high of $385.37. The firm has a market capitalization of $17.53 billion, a P/E ratio of 24.87, a PEG ratio of 2.17 and a beta of 1.54. The company has a quick ratio of 1.23, a current ratio of 2.09 and a debt-to-equity ratio of 1.13. The firm has a fifty day moving average of $343.03 and a 200-day moving average of $320.23.

WESCO International (NYSE:WCC) last posted its earnings results on Thursday, July 30th. The technology company reported $4.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.98 by $0.59. The business had revenue of $6.67 billion during the quarter, compared to analyst estimates of $6.44 billion. WESCO International had a return on equity of 14.95% and a net margin of 2.84%.The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter last year, the firm earned $3.83 earnings per share. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. As a group, analysts predict that WESCO International, Inc. will post 16.82 EPS for the current year.

WESCO International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 12th were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $2.00 annualized dividend and a dividend yield of 0.6%. WESCO International’s payout ratio is presently 13.82%.

Wall Street Analysts Forecast Growth

WCC has been the subject of a number of recent research reports. Royal Bank Of Canada boosted their price objective on shares of WESCO International from $421.00 to $430.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Stephens raised WESCO International from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $350.00 to $400.00 in a research note on Tuesday, July 14th. DA Davidson started coverage on WESCO International in a research note on Tuesday, June 16th. They issued a “buy” rating and a $440.00 price target for the company. Weiss Ratings cut shares of WESCO International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. Finally, Barclays upped their price objective on shares of WESCO International from $376.00 to $390.00 and gave the stock an “overweight” rating in a report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $374.29.

Hedge Funds Weigh In On WESCO International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC raised its stake in shares of WESCO International by 92.7% in the 4th quarter. Cornerstone Planning Group LLC now owns 106 shares of the technology company’s stock worth $26,000 after buying an additional 51 shares in the last quarter. Bell Investment Advisors Inc bought a new stake in WESCO International in the second quarter worth about $26,000. Brown Brothers Harriman & Co. raised its position in WESCO International by 166.0% in the third quarter. Brown Brothers Harriman & Co. now owns 133 shares of the technology company’s stock worth $28,000 after acquiring an additional 83 shares in the last quarter. Torren Management LLC acquired a new stake in WESCO International in the 4th quarter valued at about $32,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of WESCO International during the 2nd quarter valued at about $38,000. 93.75% of the stock is owned by institutional investors.

WESCO International Company Profile

WESCO International, Inc is a leading global distributor of electrical, industrial, communications and utility products, serving a diverse customer base across maintenance, repair and operations (MRO), original equipment manufacturing (OEM) and construction markets. The company offers a comprehensive portfolio of products ranging from power distribution and automation solutions to data communications, security systems and lighting controls. Through an extensive branch network, WESCO provides critical components and value‐added services that help organizations streamline operations and improve reliability in their facilities and infrastructure.

In addition to its broad product offering, WESCO delivers advanced supply chain management and logistics solutions designed to optimize inventory levels, reduce downtime and lower overall procurement costs.