William Clayton Geary Sells 2,829 Shares of WESCO International, Inc. (NYSE:WCC) Stock

WESCO International, Inc. (NYSE:WCC) EVP William Clayton Geary sold 2,829 shares of WESCO International stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $205.73, for a total transaction of $582,010.17. Following the completion of the transaction, the executive vice president now directly owns 35,063 shares in the company, valued at approximately $7,213,510.99. The trade was a 7.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

WESCO International Stock Performance

Shares of WCC opened at $207.78 on Friday. The stock has a 50-day moving average of $175.75 and a two-hundred day moving average of $170.42. The stock has a market cap of $10.18 billion, a P/E ratio of 16.64, a P/E/G ratio of 1.69 and a beta of 2.01. WESCO International, Inc. has a one year low of $132.37 and a one year high of $213.75. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.29 and a current ratio of 2.21.

WESCO International (NYSE:WCC) last posted its quarterly earnings data on Thursday, October 31st. The technology company reported $3.58 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $5.46 billion. During the same period in the previous year, the firm posted $4.49 EPS. WESCO International’s revenue was down 2.7% compared to the same quarter last year. As a group, research analysts predict that WESCO International, Inc. will post 12.22 EPS for the current year.

WESCO International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued a $0.4125 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.65 annualized dividend and a yield of 0.79%. WESCO International’s dividend payout ratio (DPR) is 13.21%.

Institutional Trading of WESCO International

Institutional investors have recently bought and sold shares of the business. Pacer Advisors Inc. increased its stake in WESCO International by 23,727.4% in the 2nd quarter. Pacer Advisors Inc. now owns 1,589,048 shares of the technology company’s stock valued at $251,896,000 after buying an additional 1,582,379 shares during the period. Bank of New York Mellon Corp raised its holdings in WESCO International by 2.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 413,156 shares of the technology company’s stock valued at $65,494,000 after acquiring an additional 8,641 shares during the last quarter. Clearbridge Investments LLC acquired a new position in WESCO International during the second quarter worth approximately $52,782,000. Thompson Siegel & Walmsley LLC boosted its holdings in WESCO International by 341.8% in the third quarter. Thompson Siegel & Walmsley LLC now owns 258,486 shares of the technology company’s stock valued at $43,420,000 after acquiring an additional 199,975 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. grew its holdings in shares of WESCO International by 1.5% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 194,979 shares of the technology company’s stock worth $32,753,000 after purchasing an additional 2,923 shares during the period. 93.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on WCC shares. Royal Bank of Canada raised their target price on WESCO International from $186.00 to $199.00 and gave the company a “sector perform” rating in a research note on Friday, November 1st. Stephens boosted their target price on WESCO International from $190.00 to $205.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. StockNews.com upgraded WESCO International from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Oppenheimer raised their target price on WESCO International from $205.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Loop Capital raised their price objective on shares of WESCO International from $190.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, September 27th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $208.86.

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).