Brokerages Set WESCO International, Inc. (NYSE:WCC) Price Target at $276.00

Shares of WESCO International, Inc. (NYSE:WCC) have been given a consensus recommendation of “Moderate Buy” by the nine research firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $276.00.

WCC has been the topic of several analyst reports. KeyCorp set a $340.00 price target on shares of WESCO International in a report on Wednesday, February 11th. Barclays boosted their price target on shares of WESCO International from $302.00 to $313.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Weiss Ratings lowered shares of WESCO International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, April 6th. Royal Bank Of Canada boosted their price target on shares of WESCO International from $316.00 to $335.00 and gave the company an “outperform” rating in a report on Wednesday, February 11th. Finally, JPMorgan Chase & Co. boosted their price target on shares of WESCO International from $260.00 to $290.00 and gave the company an “overweight” rating in a report on Friday, January 16th.

Insider Activity

In other news, EVP Diane Lazzaris sold 2,747 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $302.61, for a total value of $831,269.67. Following the sale, the executive vice president owned 28,865 shares of the company’s stock, valued at approximately $8,734,837.65. This represents a 8.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel J. Castillo bought 1,400 shares of the stock in a transaction dated Tuesday, March 31st. The stock was purchased at an average cost of $266.06 per share, for a total transaction of $372,484.00. Following the acquisition, the executive vice president owned 15,300 shares in the company, valued at $4,070,718. The trade was a 10.07% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders sold 20,114 shares of company stock worth $6,128,353. 3.10% of the stock is owned by insiders.

Institutional Investors Weigh In On WESCO International

Several large investors have recently made changes to their positions in WCC. Barrow Hanley Mewhinney & Strauss LLC grew its holdings 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 worth $145,222,000 after purchasing an additional 111,930 shares during the last quarter. Public Employees Retirement Association of Colorado grew its holdings in shares of WESCO International by 1,674.7% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 88,645 shares of the technology company’s stock worth $21,686,000 after purchasing an additional 83,650 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. grew its holdings in shares of WESCO International by 74.8% in the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 186,012 shares of the technology company’s stock worth $45,506,000 after purchasing an additional 79,612 shares during the last quarter. Davis Selected Advisers grew its holdings in shares of WESCO International by 24.6% in the 4th quarter. Davis Selected Advisers now owns 364,502 shares of the technology company’s stock worth $89,172,000 after purchasing an additional 71,932 shares during the last quarter. Finally, Azimuth Capital Investment Management LLC bought a new stake in shares of WESCO International in the 4th quarter worth about $17,545,000. Institutional investors own 93.75% of the company’s stock.

WESCO International Trading Up 0.1%

Shares of WESCO International stock opened at $303.72 on Friday. The firm has a market capitalization of $14.78 billion, a PE ratio of 23.26, a price-to-earnings-growth ratio of 1.95 and a beta of 1.44. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.20 and a quick ratio of 1.27. The company’s fifty day moving average price is $283.30 and its two-hundred day moving average price is $262.85. WESCO International has a 52-week low of $142.14 and a 52-week high of $319.67.

WESCO International (NYSE:WCC) last announced its quarterly earnings results on Tuesday, February 10th. The technology company reported $3.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.82 by ($0.42). The business had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $6.03 billion. WESCO International had a net margin of 2.72% and a return on equity of 13.00%. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period last year, the firm earned $3.16 EPS. WESCO International has set its FY 2026 guidance at 14.500-16.500 EPS. On average, analysts expect that WESCO International will post 13.3 EPS for the current year.

WESCO International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, March 13th. This is a positive change from WESCO International’s previous quarterly dividend of $0.45. WESCO International’s payout ratio is currently 15.31%.

About WESCO International

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.