WESCO International, Inc. (NYSE:WCC – Get Free Report) announced a quarterly dividend on Thursday, November 30th, RTT News reports. Shareholders of record on Friday, December 15th will be paid a dividend of 0.375 per share by the technology company on Friday, December 29th. This represents a $1.50 dividend on an annualized basis and a yield of 0.96%.

WESCO International has a payout ratio of 8.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect WESCO International to earn $16.56 per share next year, which means the company should continue to be able to cover its $1.50 annual dividend with an expected future payout ratio of 9.1%.

WESCO International Trading Up 0.4 %

WESCO International stock traded up $0.62 during trading hours on Thursday, reaching $155.85. The stock had a trading volume of 425,025 shares, compared to its average volume of 608,311. The stock has a market cap of $7.96 billion, a PE ratio of 10.40, a PEG ratio of 0.96 and a beta of 2.01. WESCO International has a 52 week low of $117.12 and a 52 week high of $185.23. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.36 and a quick ratio of 1.39. The company has a fifty day simple moving average of $141.31 and a 200-day simple moving average of $153.20.

WESCO International (NYSE:WCC – Get Free Report) last posted its earnings results on Thursday, November 2nd. The technology company reported $4.49 EPS for the quarter, topping the consensus estimate of $3.85 by $0.64. WESCO International had a net margin of 3.75% and a return on equity of 19.22%. The firm had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.64 billion. Analysts forecast that WESCO International will post 15.76 EPS for the current fiscal year.

Hedge Funds Weigh In On WESCO International

Several hedge funds have recently modified their holdings of WCC. State of Tennessee Treasury Department purchased a new stake in WESCO International during the second quarter valued at $4,078,000. Mercer Global Advisors Inc. ADV purchased a new stake in WESCO International during the second quarter valued at $483,000. Atlas Capital Advisors LLC raised its stake in WESCO International by 403.2% during the first quarter. Atlas Capital Advisors LLC now owns 1,424 shares of the technology company’s stock valued at $220,000 after purchasing an additional 1,141 shares in the last quarter. Geode Capital Management LLC raised its stake in WESCO International by 3.8% during the first quarter. Geode Capital Management LLC now owns 615,883 shares of the technology company’s stock valued at $95,179,000 after purchasing an additional 22,340 shares in the last quarter. Finally, Captrust Financial Advisors raised its stake in WESCO International by 10.5% during the fourth quarter. Captrust Financial Advisors now owns 2,814 shares of the technology company’s stock valued at $352,000 after purchasing an additional 267 shares in the last quarter. Hedge funds and other institutional investors own 99.15% of the company’s stock.

Analysts Set New Price Targets

WCC has been the subject of several research analyst reports. Oppenheimer dropped their target price on shares of WESCO International from $190.00 to $185.00 and set an “outperform” rating for the company in a research report on Friday, August 4th. KeyCorp reduced their price target on shares of WESCO International from $210.00 to $185.00 and set an “overweight” rating for the company in a research note on Friday, August 4th. Royal Bank of Canada cut their target price on shares of WESCO International from $214.00 to $189.00 and set an “outperform” rating for the company in a research report on Friday, August 4th. StockNews.com lowered shares of WESCO International from a “buy” rating to a “hold” rating in a research report on Thursday, November 23rd. Finally, JPMorgan Chase & Co. raised shares of WESCO International from a “neutral” rating to an “overweight” rating and set a $180.00 price target on the stock in a report on Friday, October 6th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $189.86.

Check Out Our Latest Stock Analysis on WCC

WESCO International Company Profile (Get Free Report)

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).

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Original: MarketBeat News Feed: WESCO International, Inc. (NYSE:WCC) Declares $0.38 Quarterly Dividend