Bank of New York Mellon Corp Has $201.23 Million Stake in WESCO International, Inc. $WCC

Bank of New York Mellon Corp raised its position in WESCO International, Inc. (NYSE:WCC) by 4.8% in the 4th quarter, Holdings Channel reports. The firm owned 822,568 shares of the technology company’s stock after buying an additional 37,972 shares during the period. Bank of New York Mellon Corp’s holdings in WESCO International were worth $201,233,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Greenleaf Trust increased its stake in shares of WESCO International by 1.6% during the 4th quarter. Greenleaf Trust now owns 2,646 shares of the technology company’s stock worth $647,000 after purchasing an additional 41 shares during the last quarter. Cornerstone Planning Group LLC boosted its stake in shares of WESCO International by 92.7% during the 4th quarter. Cornerstone Planning Group LLC now owns 106 shares of the technology company’s stock worth $26,000 after acquiring an additional 51 shares during the period. Lazard Asset Management LLC boosted its stake in shares of WESCO International by 1.4% during the 2nd quarter. Lazard Asset Management LLC now owns 4,006 shares of the technology company’s stock worth $740,000 after acquiring an additional 54 shares during the period. Brown Brothers Harriman & Co. lifted its stake in shares of WESCO International by 166.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 133 shares of the technology company’s stock worth $28,000 after buying an additional 83 shares during the last quarter. Finally, Burns Matteson Capital Management LLC lifted its stake in shares of WESCO International by 4.0% during the 4th quarter. Burns Matteson Capital Management LLC now owns 2,281 shares of the technology company’s stock worth $558,000 after buying an additional 88 shares during the last quarter. 93.75% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO David S. Schulz sold 31,951 shares of WESCO International stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $360.44, for a total transaction of $11,516,418.44. Following the sale, the chief financial officer directly owned 77,038 shares in the company, valued at approximately $27,767,576.72. This trade represents a 29.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Diane Lazzaris sold 9,910 shares of WESCO International stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $359.48, for a total value of $3,562,446.80. Following the sale, the executive vice president owned 19,611 shares in the company, valued at $7,049,762.28. This trade represents a 33.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 144,486 shares of company stock valued at $51,846,641 over the last quarter. Corporate insiders own 2.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on WCC shares. Stephens increased their target price on WESCO International from $275.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. KeyCorp increased their target price on WESCO International from $340.00 to $415.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Weiss Ratings upgraded shares of WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Barclays upped their price target on shares of WESCO International from $313.00 to $375.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Finally, Royal Bank Of Canada upped their price target on shares of WESCO International from $352.00 to $411.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $321.38.

WESCO International Stock Performance

Shares of WCC stock opened at $353.80 on Friday. The company has a market cap of $17.23 billion, a price-to-earnings ratio of 25.15, a price-to-earnings-growth ratio of 2.30 and a beta of 1.53. WESCO International, Inc. has a 52 week low of $171.36 and a 52 week high of $377.90. The company has a quick ratio of 1.22, a current ratio of 2.12 and a debt-to-equity ratio of 1.13. The firm has a 50 day moving average of $328.27 and a 200-day moving average of $292.73.

WESCO International (NYSE:WCC) last issued its earnings results on Thursday, April 30th. The technology company reported $3.37 earnings per share for the quarter, topping analysts’ consensus estimates of $2.88 by $0.49. WESCO International had a return on equity of 13.82% and a net margin of 2.79%.The company had revenue of $6.08 billion for the quarter, compared to analyst estimates of $5.86 billion. During the same period in the prior year, the firm earned $2.21 earnings per share. WESCO International’s revenue for the quarter was up 13.8% on a year-over-year basis. WESCO International has set its FY 2026 guidance at 15.000-17.000 EPS. On average, equities analysts forecast that WESCO International, Inc. will post 15.9 earnings per share for the current year.

WESCO International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 12th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $2.00 annualized dividend and a dividend yield of 0.6%. WESCO International’s dividend payout ratio is currently 14.21%.

About WESCO International

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.