WESCO International (NYSE:WCC) Sets New 52-Week High – What’s Next?

Shares of WESCO International, Inc. (NYSE:WCC) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $374.69 and last traded at $372.84, with a volume of 59545 shares traded. The stock had previously closed at $363.57.

Analysts Set New Price Targets

WCC has been the subject of a number of research analyst reports. Barclays raised their target price on WESCO International from $313.00 to $375.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. KeyCorp raised their target price on WESCO International from $340.00 to $415.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Weiss Ratings upgraded WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Stephens raised their target price on WESCO International from $275.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Finally, Royal Bank Of Canada lifted their price objective on WESCO International from $352.00 to $411.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $321.38.

WESCO International Price Performance

The stock has a 50 day simple moving average of $309.52 and a two-hundred day simple moving average of $286.20. The firm has a market cap of $18.12 billion, a PE ratio of 26.44, a price-to-earnings-growth ratio of 2.28 and a beta of 1.54. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.22 and a current ratio of 2.12.

WESCO International (NYSE:WCC) last released its quarterly earnings data on Thursday, April 30th. The technology company reported $3.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.88 by $0.49. The business had revenue of $6.08 billion during the quarter, compared to analyst estimates of $5.86 billion. WESCO International had a return on equity of 13.82% and a net margin of 2.79%.The company’s revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the business posted $2.21 EPS. WESCO International has set its FY 2026 guidance at 15.000-17.000 EPS. Sell-side analysts expect that WESCO International, Inc. will post 15.94 earnings per share for the current year.

WESCO International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were given a dividend of $0.50 per share. This is a boost from WESCO International’s previous quarterly dividend of $0.45. The ex-dividend date was Friday, March 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.5%. WESCO International’s payout ratio is 14.21%.

Insider Activity

In other news, EVP Akash Khurana sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $359.13, for a total transaction of $1,436,520.00. Following the sale, the executive vice president directly owned 30,775 shares in the company, valued at $11,052,225.75. This trade represents a 11.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Hemant Porwal sold 4,445 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $363.21, for a total value of $1,614,468.45. Following the sale, the executive vice president owned 16,618 shares in the company, valued at $6,035,823.78. This trade represents a 21.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 144,486 shares of company stock worth $51,846,641. 2.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On WESCO International

Several institutional investors have recently bought and sold shares of the company. Greenleaf Trust boosted its holdings in WESCO International by 1.6% in the 4th quarter. Greenleaf Trust now owns 2,646 shares of the technology company’s stock worth $647,000 after buying an additional 41 shares during the last quarter. Cornerstone Planning Group LLC boosted its holdings in 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 during the last quarter. Bessemer Group Inc. boosted its holdings in WESCO International by 2.4% in the 1st quarter. Bessemer Group Inc. now owns 2,214 shares of the technology company’s stock worth $606,000 after buying an additional 51 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in WESCO International by 1.4% in the 2nd 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 last quarter. Finally, Parallel Advisors LLC boosted its holdings in WESCO International by 11.5% in the 4th quarter. Parallel Advisors LLC now owns 581 shares of the technology company’s stock worth $142,000 after buying an additional 60 shares during the last quarter. 93.75% of the stock is currently owned by institutional investors and hedge funds.

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.