Key Points
- WESCO International EVP Hemant Porwal sold 4,445 shares on May 11 at an average price of $363.21, for total proceeds of about $1.61 million. After the sale, he still owned 16,618 shares valued at roughly $6.04 million.
- Porwal also sold 2,770 shares on May 6 for about $999,000, bringing his recent selling activity to two transactions in a short span.
- WESCO reported strong quarterly results, with EPS of $3.37 topping estimates and revenue rising 13.8% year over year to $6.08 billion. The company also raised its quarterly dividend to $0.50 per share and saw multiple analysts lift price targets.
WESCO International, Inc. (NYSE:WCC - Get Free Report) EVP Hemant Porwal sold 4,445 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $363.21, for a total transaction of $1,614,468.45. Following the completion of the sale, the executive vice president directly owned 16,618 shares of the company's stock, valued at approximately $6,035,823.78. This trade represents a 21.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Hemant Porwal also recently made the following trade(s):
- On Wednesday, May 6th, Hemant Porwal sold 2,770 shares of WESCO International stock. The stock was sold at an average price of $360.64, for a total transaction of $998,972.80.
WESCO International Stock Performance
Shares of NYSE WCC opened at $366.49 on Tuesday. The firm has a fifty day moving average price of $293.50 and a 200-day moving average price of $277.68. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.12 and a quick ratio of 1.22. The stock has a market cap of $17.85 billion, a PE ratio of 26.05, a price-to-earnings-growth ratio of 2.26 and a beta of 1.54. WESCO International, Inc. has a 1 year low of $161.70 and a 1 year high of $368.90.
WESCO International (NYSE:WCC - Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The technology company reported $3.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.88 by $0.49. WESCO International had a net margin of 2.79% and a return on equity of 13.82%. The business had revenue of $6.08 billion during the quarter, compared to analyst estimates of $5.86 billion. During the same period last year, the firm posted $2.21 EPS. The company's revenue was up 13.8% on a year-over-year basis. WESCO International has set its FY 2026 guidance at 15.000-17.000 EPS. Equities analysts anticipate that WESCO International, Inc. will post 15.7 earnings per share for the current fiscal year.
WESCO International Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were issued a dividend of $0.50 per share. This is an increase from WESCO International's previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Friday, March 13th. This represents a $2.00 dividend on an annualized basis and a yield of 0.5%. WESCO International's payout ratio is 14.21%.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on WCC. Stephens increased their price objective on shares of WESCO International from $275.00 to $350.00 and gave the company an "equal weight" rating in a report on Monday, May 4th. KeyCorp increased their price objective on shares of WESCO International from $340.00 to $415.00 and gave the company an "overweight" rating in a report on Friday, May 1st. Royal Bank Of Canada increased their price objective on shares of WESCO International from $352.00 to $411.00 and gave the company an "outperform" rating in a report on Friday, May 1st. Barclays increased their price objective on shares of WESCO International from $313.00 to $375.00 and gave the company an "overweight" rating in a report on Monday, May 4th. Finally, Wall Street Zen lowered shares of WESCO International from a "buy" rating to a "hold" rating in a report on Saturday, January 17th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, WESCO International has a consensus rating of "Buy" and an average target price of $321.38.
Check Out Our Latest Report on WCC
Hedge Funds Weigh In On WESCO International
Institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC grew its stake in shares of WESCO International by 172.5% in the 3rd quarter. SG Americas Securities LLC now owns 10,742 shares of the technology company's stock worth $2,272,000 after buying an additional 6,800 shares in the last quarter. Rhumbline Advisers boosted its stake in WESCO International by 4.9% during the third quarter. Rhumbline Advisers now owns 127,991 shares of the technology company's stock worth $27,070,000 after buying an additional 5,961 shares during the period. Impax Asset Management Group plc purchased a new position in WESCO International during the third quarter worth $1,082,000. Handelsbanken Fonder AB boosted its stake in WESCO International by 10.4% during the third quarter. Handelsbanken Fonder AB now owns 194,893 shares of the technology company's stock worth $41,220,000 after buying an additional 18,377 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new position in WESCO International during the third quarter worth $416,000. 93.75% of the stock is owned by hedge funds and other institutional investors.
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.
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