WESCO International, Inc. $WCC Shares Sold by Diamond Hill Capital Management Inc.

Diamond Hill Capital Management Inc. decreased its position in shares of WESCO International, Inc. (NYSE:WCC) by 68.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 176,737 shares of the technology company’s stock after selling 387,787 shares during the quarter. Diamond Hill Capital Management Inc.’s holdings in WESCO International were worth $43,237,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Cornerstone Planning Group LLC raised its position in WESCO International by 92.7% during the fourth 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 in the last quarter. Torren Management LLC purchased a new position in WESCO International during the fourth quarter valued at approximately $32,000. Brown Brothers Harriman & Co. raised its position in WESCO International by 166.0% during the third quarter. Brown Brothers Harriman & Co. now owns 133 shares of the technology company’s stock valued at $28,000 after acquiring an additional 83 shares in the last quarter. Rothschild Investment LLC raised its position in WESCO International by 788.2% during the third quarter. Rothschild Investment LLC now owns 151 shares of the technology company’s stock valued at $32,000 after acquiring an additional 134 shares in the last quarter. Finally, Root Financial Partners LLC purchased a new position in WESCO International during the third quarter valued at approximately $37,000. 93.75% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

WESCO International Stock Up 1.3%

Shares of WCC opened at $354.63 on Friday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.22 and a current ratio of 2.12. The stock has a 50 day moving average price of $305.46 and a 200 day moving average price of $284.70. The stock has a market capitalization of $17.27 billion, a price-to-earnings ratio of 25.20, a PEG ratio of 2.20 and a beta of 1.54. WESCO International, Inc. has a one year low of $161.70 and a one year high of $374.00.

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

WESCO International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.6%. The ex-dividend date was Friday, March 13th. This is an increase from WESCO International’s previous quarterly dividend of $0.45. WESCO International’s dividend payout ratio (DPR) is currently 14.21%.

Insider Buying and Selling

In other news, CFO David S. Schulz sold 31,951 shares of the 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 completion of the transaction, the chief financial officer directly owned 77,038 shares in the company, valued at approximately $27,767,576.72. This represents a 29.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Akash Khurana sold 4,000 shares of the stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $359.13, for a total value of $1,436,520.00. Following the transaction, the executive vice president owned 30,775 shares of the company’s stock, valued at approximately $11,052,225.75. This represents a 11.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 144,486 shares of company stock worth $51,846,641 over the last quarter. Corporate insiders own 2.60% of the company’s stock.

WESCO International Profile

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.