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

WESCO International, Inc. (NYSE:WCC)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $291.24 and last traded at $290.5260, with a volume of 90377 shares changing hands. The stock had previously closed at $287.81.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of WESCO International in a research note on Wednesday, January 21st. KeyCorp upped their price target on shares of WESCO International from $300.00 to $304.00 and gave the stock an “overweight” rating in a research report on Monday. JPMorgan Chase & Co. lifted their price objective on shares of WESCO International from $260.00 to $290.00 and gave the company an “overweight” rating in a research report on Friday, January 16th. Barclays raised their target price on WESCO International from $274.00 to $302.00 and gave the company an “overweight” rating in a research report on Monday, January 12th. Finally, Wall Street Zen lowered WESCO International from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, WESCO International currently has a consensus rating of “Moderate Buy” and an average target price of $266.00.

WESCO International Price Performance

The stock’s fifty day simple moving average is $265.25 and its 200-day simple moving average is $236.23. The company has a market capitalization of $14.13 billion, a P/E ratio of 22.82, a PEG ratio of 1.82 and a beta of 1.45. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.09 and a quick ratio of 1.20.

WESCO International (NYSE:WCC) last released its quarterly earnings data on Thursday, October 30th. The technology company reported $3.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.75 by $0.17. The firm had revenue of $6.20 billion during the quarter, compared to analyst estimates of $5.91 billion. WESCO International had a return on equity of 13.12% and a net margin of 2.81%.The business’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. On average, equities analysts forecast that WESCO International, Inc. will post 13.3 earnings per share for the current fiscal year.

WESCO International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a dividend of $0.4538 per share. This represents a $1.82 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, December 12th. WESCO International’s dividend payout ratio (DPR) is currently 14.20%.

Insider Buying and Selling

In other WESCO International news, EVP Christine Ann Wolf sold 4,685 shares of the business’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 transaction, the executive vice president owned 30,195 shares of the company’s stock, valued at $7,836,206.40. The trade was a 13.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Diane Lazzaris sold 4,039 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $258.42, for a total value 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 trade represents a 8.17% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 17,036 shares of company stock worth $4,385,254. Corporate insiders own 3.10% of the company’s stock.

Institutional Trading of WESCO International

A number of hedge funds have recently added to or reduced their stakes in the stock. Greenleaf Trust boosted its holdings in shares of WESCO International by 1.6% in the fourth quarter. Greenleaf Trust now owns 2,646 shares of the technology company’s stock valued at $647,000 after acquiring an additional 41 shares in the last quarter. Lazard Asset Management LLC lifted its position 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 worth $740,000 after buying an additional 54 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of WESCO International by 6.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,340 shares of the technology company’s stock worth $283,000 after purchasing an additional 79 shares during the period. Brown Brothers Harriman & Co. boosted its position in shares of 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 buying an additional 83 shares during the period. Finally, Burns Matteson Capital Management LLC grew its holdings in WESCO International by 4.0% during the 4th quarter. Burns Matteson Capital Management LLC now owns 2,281 shares of the technology company’s stock valued at $558,000 after purchasing an additional 88 shares in the last quarter. Institutional investors and hedge funds own 93.75% of the company’s stock.

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.