WESCO International, Inc. $WCC Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP trimmed its stake in shares of WESCO International, Inc. (NYSE:WCC) by 43.9% in the second quarter, Holdings Channel.com reports. The fund owned 2,018,251 shares of the technology company’s stock after selling 1,581,864 shares during the period. Wellington Management Group LLP’s holdings in WESCO International were worth $697,164,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of WCC. BlackRock Inc. purchased a new stake in shares of WESCO International in the 2nd quarter worth about $3,094,634,000. Bank of New York Mellon Corp increased its holdings in WESCO International by 10.3% during the 1st quarter. Bank of New York Mellon Corp now owns 907,473 shares of the technology company’s stock valued at $248,303,000 after acquiring an additional 84,905 shares in the last quarter. Geode Capital Management LLC raised its position in WESCO International by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 864,237 shares of the technology company’s stock worth $211,473,000 after acquiring an additional 14,739 shares during the last quarter. Bank of America Corp DE purchased a new stake in shares of WESCO International in the second quarter valued at about $296,304,000. Finally, Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of WESCO International in the second quarter valued at approximately $175,189,000. Hedge funds and other institutional investors own 93.75% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Weiss Ratings raised shares of WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 17th. Stephens raised shares of WESCO International from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $350.00 to $400.00 in a research note on Tuesday, July 14th. Wall Street Zen lowered shares of WESCO International from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Royal Bank Of Canada raised their price target on shares of WESCO International from $421.00 to $430.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Finally, DA Davidson assumed coverage on shares of WESCO International in a report on Tuesday, June 16th. They set a “buy” rating and a $440.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $374.29.

Insider Transactions at WESCO International

In other WESCO International news, EVP Daniel J. Castillo purchased 960 shares of WESCO International stock in a transaction on Tuesday, August 4th. The shares were purchased at an average cost of $365.89 per share, with a total value of $351,254.40. Following the completion of the transaction, the executive vice president directly owned 16,305 shares in the company, valued at approximately $5,965,836.45. This represents a 6.26% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Laura K. Thompson sold 270 shares of the stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $368.45, for a total value of $99,481.50. Following the completion of the sale, the director owned 10,720 shares of the company’s stock, valued at approximately $3,949,784. This represents a 2.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 2.60% of the company’s stock.

WESCO International Stock Performance

NYSE WCC opened at $336.34 on Friday. The business’s 50-day moving average price is $342.01 and its 200 day moving average price is $323.99. WESCO International, Inc. has a twelve month low of $203.40 and a twelve month high of $385.37. The company has a market capitalization of $16.39 billion, a PE ratio of 23.24, a price-to-earnings-growth ratio of 2.01 and a beta of 1.54. The company has a current ratio of 2.09, a quick ratio of 1.23 and a debt-to-equity ratio of 1.13.

WESCO International (NYSE:WCC) last announced its quarterly earnings data on Thursday, July 30th. The technology company reported $4.57 earnings per share for the quarter, topping the consensus estimate of $3.98 by $0.59. WESCO International had a net margin of 2.84% and a return on equity of 14.95%. The business had revenue of $6.67 billion for the quarter, compared to analyst estimates of $6.44 billion. During the same period in the prior year, the firm posted $3.83 EPS. The company’s revenue was up 13.0% on a year-over-year basis. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. On average, research analysts predict that WESCO International, Inc. will post 16.77 earnings per share for the current year.

WESCO International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th will be 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 is Friday, September 11th. WESCO International’s dividend payout ratio (DPR) is 13.82%.

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.