WESCO International (NYSE:WCC) Hits New 1-Year High – Should You Buy?

WESCO International, Inc. (NYSE:WCC) shares reached a new 52-week high on Thursday . The company traded as high as $283.98 and last traded at $280.19, with a volume of 91304 shares changing hands. The stock had previously closed at $276.65.

Analyst Ratings Changes

WCC has been the subject of several research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of WESCO International in a research note on Wednesday, October 8th. Wall Street Zen cut WESCO International from a “buy” rating to a “hold” rating in a research note on Saturday. Royal Bank Of Canada raised WESCO International from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $262.00 to $302.00 in a report on Wednesday, November 19th. Barclays upped their target price on WESCO International from $274.00 to $302.00 and gave the stock an “overweight” rating in a report on Monday, January 12th. Finally, JPMorgan Chase & Co. lifted their price target on WESCO International from $260.00 to $290.00 and gave the company an “overweight” rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $265.50.

WESCO International Trading Down 0.8%

The stock has a market cap of $13.71 billion, a P/E ratio of 22.10, a price-to-earnings-growth ratio of 1.81 and a beta of 1.45. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.20 and a current ratio of 2.09. The firm’s fifty day simple moving average is $261.32 and its 200-day simple moving average is $231.30.

WESCO International (NYSE:WCC) last posted its quarterly earnings data on Thursday, October 30th. The technology company reported $3.92 earnings per share for the quarter, topping the consensus estimate of $3.75 by $0.17. The company had revenue of $6.20 billion during the quarter, compared to analysts’ expectations of $5.91 billion. WESCO International had a net margin of 2.81% and a return on equity of 13.12%. WESCO International’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period in the prior year, the company posted $3.58 earnings per share. WESCO International has set its FY 2025 guidance at 13.100-13.600 EPS. Equities research analysts expect that WESCO International, Inc. will post 13.3 EPS for the current fiscal year.

WESCO International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a $0.4538 dividend. This represents a $1.82 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, December 12th. WESCO International’s payout ratio is currently 14.27%.

Insider Activity at WESCO International

In other WESCO International news, EVP Diane Lazzaris sold 4,039 shares of the stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $258.42, for a total transaction of $1,043,758.38. Following the transaction, the executive vice president directly owned 45,401 shares in the company, valued at approximately $11,732,526.42. This represents a 8.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Christine Ann Wolf sold 4,685 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $259.52, for a total transaction of $1,215,851.20. Following the sale, the executive vice president directly owned 30,195 shares of the company’s stock, valued at approximately $7,836,206.40. This trade represents a 13.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 17,036 shares of company stock worth $4,385,254 in the last 90 days. Corporate insiders own 3.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of WCC. Vaughan Nelson Investment Management L.P. acquired a new stake in WESCO International in the second quarter worth $75,136,000. River Road Asset Management LLC boosted its position in shares of WESCO International by 56.0% during the 2nd quarter. River Road Asset Management LLC now owns 605,918 shares of the technology company’s stock worth $112,216,000 after purchasing an additional 217,417 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of WESCO International by 19.5% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 686,630 shares of the technology company’s stock valued at $145,222,000 after buying an additional 111,930 shares during the period. Bank of New York Mellon Corp increased its position in WESCO International by 4.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 795,629 shares of the technology company’s stock valued at $147,351,000 after buying an additional 36,843 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in WESCO International by 516.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 41,354 shares of the technology company’s stock worth $7,659,000 after buying an additional 34,649 shares during the period. Institutional investors and hedge funds own 93.75% of the company’s stock.

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.