The Manufacturers Life Insurance Company Purchases Shares of 35,126 WESCO International, Inc. $WCC

The Manufacturers Life Insurance Company acquired a new position in WESCO International, Inc. (NYSE:WCC) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 35,126 shares of the technology company’s stock, valued at approximately $12,134,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Bell Investment Advisors Inc bought a new stake in shares of WESCO International during the second quarter valued at approximately $26,000. Jones Financial Companies Lllp acquired a new stake in WESCO International during the second quarter worth $36,000. Cornerstone Planning Group LLC boosted its stake in WESCO International by 92.7% during the fourth quarter. Cornerstone Planning Group LLC now owns 106 shares of the technology company’s stock worth $26,000 after buying an additional 51 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in WESCO International in the 2nd quarter valued at $38,000. Finally, Torren Management LLC bought a new stake in WESCO International in the 4th quarter valued at $32,000. 93.75% of the stock is currently owned by institutional investors.

Insider Activity at WESCO International

In other WESCO International news, EVP Akash Khurana sold 3,400 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $366.78, for a total value of $1,247,052.00. Following the transaction, the executive vice president directly owned 27,404 shares in the company, valued at $10,051,239.12. The trade was a 11.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Laura K. Thompson sold 270 shares of the company’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $368.45, for a total transaction of $99,481.50. Following the sale, the director directly owned 10,720 shares in the company, valued at $3,949,784. This represents a 2.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on WCC. 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 objective for the company. Stephens raised shares of WESCO International from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $350.00 to $400.00 in a research note on Tuesday, July 14th. Royal Bank Of Canada increased their price target on shares of WESCO International from $421.00 to $430.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Wall Street Zen cut shares of WESCO International from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Finally, Weiss Ratings raised WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. According to data from MarketBeat.com, WESCO International currently has an average rating of “Buy” and an average price target of $374.29.

WESCO International Stock Performance

WESCO International stock opened at $336.34 on Friday. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.09 and a quick ratio of 1.23. The stock has a fifty day moving average price of $342.01 and a two-hundred day moving average price of $323.99. WESCO International, Inc. has a 52-week low of $203.40 and a 52-week high of $385.37. The firm has a market capitalization of $16.39 billion, a P/E ratio of 23.24, a P/E/G ratio of 2.09 and a beta of 1.54.

WESCO International (NYSE:WCC) last issued its earnings results on Thursday, July 30th. The technology company reported $4.57 EPS for the quarter, beating 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 company had revenue of $6.67 billion for the quarter, compared to the consensus estimate of $6.44 billion. During the same quarter in the previous year, the company earned $3.83 EPS. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. As a group, analysts anticipate that WESCO International, Inc. will post 16.77 EPS for the current fiscal year.

WESCO International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 11th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, September 11th. WESCO International’s dividend payout ratio (DPR) is currently 13.82%.

WESCO International Company 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.