WESCO International, Inc. $WCC Shares Sold by Strs Ohio

Strs Ohio lowered its position in WESCO International, Inc. (NYSE:WCC) by 11.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,446 shares of the technology company’s stock after selling 2,902 shares during the quarter. Strs Ohio’s holdings in WESCO International were worth $6,142,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of WCC. Cornerstone Planning Group LLC increased its holdings in shares of WESCO International by 92.7% in the 4th quarter. Cornerstone Planning Group LLC now owns 106 shares of the technology company’s stock valued at $26,000 after acquiring an additional 51 shares during the period. Torren Management LLC acquired a new stake in WESCO International during the 4th quarter worth $32,000. Brown Brothers Harriman & Co. grew its position in 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 purchasing an additional 83 shares during the last quarter. Hilton Head Capital Partners LLC acquired a new position in WESCO International in the fourth quarter valued at $39,000. Finally, V Square Quantitative Management LLC purchased a new stake in shares of WESCO International in the fourth quarter valued at about $52,000. 93.75% of the stock is owned by institutional investors and hedge funds.

WESCO International Stock Performance

Shares of WCC stock opened at $308.56 on Monday. The company has a current ratio of 2.12, a quick ratio of 1.22 and a debt-to-equity ratio of 1.13. The stock has a 50 day simple moving average of $349.54 and a 200-day simple moving average of $304.68. The company has a market cap of $15.03 billion, a price-to-earnings ratio of 21.93, a price-to-earnings-growth ratio of 1.93 and a beta of 1.54. WESCO International, Inc. has a 12-month low of $188.96 and a 12-month high of $377.90.

WESCO International (NYSE:WCC) last posted its quarterly earnings results on Thursday, April 30th. The technology company reported $3.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.88 by $0.49. The firm had revenue of $6.08 billion for the quarter, compared to the consensus estimate of $5.86 billion. WESCO International had a return on equity of 13.82% and a net margin of 2.79%.The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.21 earnings per share. 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 15.94 EPS for the current year.

WESCO International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 12th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Friday, June 12th. WESCO International’s dividend payout ratio (DPR) is currently 14.21%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on WCC shares. KeyCorp increased their price objective on WESCO International from $340.00 to $415.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Stephens boosted their target price on WESCO International from $275.00 to $350.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Royal Bank Of Canada upped their price target on WESCO International from $352.00 to $411.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Wall Street Zen upgraded shares of WESCO International from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Barclays boosted their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $334.56.

Insider Transactions at WESCO International

In related news, EVP Akash Khurana sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $359.13, for a total value of $1,436,520.00. Following the completion of the sale, the executive vice president owned 30,775 shares in the company, valued at $11,052,225.75. This trade represents a 11.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Hemant Porwal sold 4,445 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $363.21, for a total transaction of $1,614,468.45. Following the transaction, the executive vice president owned 16,618 shares in the company, valued at $6,035,823.78. The trade was a 21.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 144,486 shares of company stock valued at $51,846,641. 2.60% of the stock is owned by company insiders.

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.