Wesco Intl stock hits all-time high at 216.63 USD

Wesco International (NYSE:WCC) Inc. stock reached an all-time high of 216.63 USD, marking a significant milestone for the $10.53B market cap company. According to InvestingPro analysis, the stock appears fairly valued at current levels, with analyst targets ranging from $180 to $242. Over the past year, the stock has experienced a robust increase of 27.06%, reflecting strong investor confidence and positive market sentiment. Trading at a P/E ratio of 16, with an overall Financial Health score of "GOOD," this upward trajectory underscores the company’s solid performance and strategic growth initiatives, which have resonated well with investors and analysts alike. As Wesco continues to expand its market presence, the stock’s impressive performance highlights its potential for further growth in the competitive landscape. InvestingPro subscribers can access 12 additional key insights about Wesco’s technical indicators and growth prospects.

In other recent news, Wesco International announced a quarterly cash dividend of $0.45375 per share, to be paid on June 30, 2025, reflecting its robust financial health with reported annual sales of approximately $22 billion in 2024. KeyBanc raised its price target for Wesco International to $210, citing strength in the company’s data center business and the potential benefits from pricing actions. Meanwhile, Stephens downgraded Wesco International from Overweight to Equal Weight, despite raising the price target to $200, acknowledging the company’s strong execution post-Anixter acquisition. In corporate governance developments, Wesco International amended its bylaws, allowing stockholders to request special meetings, a move approved by its Board of Directors and stockholders. Additionally, Dirk Naylor has been promoted to Executive Vice President and General Manager of Communications and Security Solutions, effective June 30, 2025, succeeding William C. Geary II. These developments highlight Wesco’s strategic actions to enhance shareholder value and strengthen its market position.

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