WESCO International (NYSE:WCC) Hits New 12-Month High Following Insider Buying Activity

Shares of WESCO International, Inc. (NYSE:WCCGet Free Report) hit a new 52-week high during trading on Wednesday following insider buying activity. The company traded as high as $379.05 and last traded at $379.05, with a volume of 12672 shares trading hands. The stock had previously closed at $374.10.

Specifically, EVP Daniel J. Castillo bought 960 shares of the stock in a transaction on Tuesday, August 4th. The shares were bought 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 trade represents a 6.26% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Barclays raised their price objective on WESCO International from $376.00 to $390.00 and gave the company an “overweight” rating in a research note on Monday. KeyCorp upped their target price on WESCO International from $340.00 to $415.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Wall Street Zen downgraded WESCO International from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Weiss Ratings lowered shares of WESCO International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. Finally, Stephens raised WESCO International from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $350.00 to $400.00 in a research report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, WESCO International has a consensus rating of “Buy” and an average price target of $374.29.

Get Our Latest Stock Analysis on WESCO International

WESCO International Stock Down 0.4%

The firm has a fifty day moving average price of $343.21 and a 200 day moving average price of $317.41. The firm has a market capitalization of $18.09 billion, a price-to-earnings ratio of 25.67, a P/E/G ratio of 2.22 and a beta of 1.54. The company has a current ratio of 2.09, a quick ratio of 1.23 and a debt-to-equity ratio of 1.13.

WESCO International (NYSE:WCCGet Free Report) last issued 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 during the quarter, compared to analysts’ expectations of $6.44 billion. WESCO International had a net margin of 2.84% and a return on equity of 14.95%. WESCO International’s revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.83 EPS. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. Sell-side analysts anticipate that WESCO International, Inc. will post 16.82 EPS for the current fiscal year.

WESCO International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 12th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Friday, June 12th. WESCO International’s dividend payout ratio is currently 13.82%.

Institutional Investors Weigh In On WESCO International

Hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its position in WESCO International by 95.6% during the second quarter. EverSource Wealth Advisors LLC now owns 753 shares of the technology company’s stock worth $139,000 after acquiring an additional 368 shares during the period. Gamco Investors INC. ET AL acquired a new stake in shares of WESCO International in the 2nd quarter valued at about $573,000. California State Teachers Retirement System raised its stake in shares of WESCO International by 0.8% during the 2nd quarter. California State Teachers Retirement System now owns 45,604 shares of the technology company’s stock worth $8,446,000 after purchasing an additional 365 shares during the period. BNP Paribas Financial Markets boosted its stake in WESCO International by 516.8% in the second quarter. BNP Paribas Financial Markets now owns 41,354 shares of the technology company’s stock valued at $7,659,000 after acquiring an additional 34,649 shares during the last quarter. Finally, Lazard Asset Management LLC grew its holdings in WESCO International by 1.4% during the second quarter. Lazard Asset Management LLC now owns 4,006 shares of the technology company’s stock valued at $740,000 after purchasing an additional 54 shares during the period. 93.75% of the stock is currently owned by institutional investors and hedge funds.

WESCO International Company Profile

(Get Free Report)

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.

Further Reading

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