Brokerages Set WESCO International, Inc. (NYSE:WCC) Price Target at $215.88

Shares of WESCO International, Inc. (NYSE:WCC - Get Free Report) have been assigned a consensus recommendation of "Buy" from the nine brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $215.88.

Several research analysts have recently commented on WCC shares. Baird R W upgraded shares of WESCO International from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 16th. Jefferies Financial Group increased their target price on shares of WESCO International from $225.00 to $245.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. Robert W. Baird raised their target price on WESCO International from $215.00 to $223.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Stephens upped their price target on WESCO International from $190.00 to $205.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th. Finally, KeyCorp raised their price objective on WESCO International from $225.00 to $245.00 and gave the company an "overweight" rating in a research note on Monday, December 9th.

Insiders Place Their Bets

In related news, EVP William Clayton Geary sold 2,829 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $205.73, for a total value of $582,010.17. Following the completion of the sale, the executive vice president now owns 35,063 shares in the company, valued at approximately $7,213,510.99. This trade represents a 7.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Nelson John Squires III sold 10,000 shares of the business's stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $190.00, for a total value of $1,900,000.00. Following the transaction, the executive vice president now owns 54,621 shares in the company, valued at $10,377,990. This represents a 15.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,767 shares of company stock valued at $5,567,454 in the last three months. Company insiders own 3.10% of the company's stock.

Institutional Trading of WESCO International

Several institutional investors have recently modified their holdings of the company. Integrated Investment Consultants LLC bought a new position in WESCO International in the fourth quarter worth $278,000. GAMMA Investing LLC lifted its holdings in shares of WESCO International by 25.0% during the 4th quarter. GAMMA Investing LLC now owns 375 shares of the technology company's stock worth $68,000 after acquiring an additional 75 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of WESCO International during the 3rd quarter worth about $592,000. Geode Capital Management LLC boosted its position in shares of WESCO International by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 762,653 shares of the technology company's stock valued at $128,143,000 after acquiring an additional 22,080 shares in the last quarter. Finally, MetLife Investment Management LLC increased its stake in WESCO International by 0.4% in the third quarter. MetLife Investment Management LLC now owns 23,102 shares of the technology company's stock valued at $3,881,000 after acquiring an additional 85 shares during the period. Institutional investors and hedge funds own 93.76% of the company's stock.

WESCO International Stock Up 0.5 %

WCC traded up $0.99 during trading on Wednesday, reaching $189.82. 627,732 shares of the stock traded hands, compared to its average volume of 571,325. The stock's 50-day simple moving average is $195.10 and its two-hundred day simple moving average is $176.25. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.21 and a quick ratio of 1.29. WESCO International has a fifty-two week low of $132.37 and a fifty-two week high of $216.17. The stock has a market cap of $9.30 billion, a price-to-earnings ratio of 15.20, a price-to-earnings-growth ratio of 1.55 and a beta of 2.02.

WESCO International (NYSE:WCC - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The technology company reported $3.58 earnings per share for the quarter, topping analysts' consensus estimates of $3.22 by $0.36. WESCO International had a return on equity of 13.19% and a net margin of 3.19%. The company had revenue of $5.49 billion during the quarter, compared to the consensus estimate of $5.46 billion. During the same period last year, the business earned $4.49 EPS. The business's quarterly revenue was down 2.7% on a year-over-year basis. As a group, equities research analysts expect that WESCO International will post 12.3 EPS for the current year.

WESCO International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.4125 dividend. This represents a $1.65 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date was Friday, December 13th. WESCO International's dividend payout ratio (DPR) is currently 13.21%.

WESCO International Company Profile

WESCO International, Inc provides business-to-business distribution, logistics services, and supply chain solutions in the United States, Canada, and internationally. It operates through three segments: Electrical & Electronic Solutions (EES), Communications & Security Solutions (CSS), and Utility and Broadband Solutions (UBS).