Legal & General Group Plc Buys Shares of 72,887 WESCO International, Inc. $WCC

Legal & General Group Plc acquired a new position in shares of WESCO International, Inc. (NYSE:WCC) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 72,887 shares of the technology company’s stock, valued at approximately $25,177,000. Legal & General Group Plc owned about 0.15% of WESCO International at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in WCC. BlackRock Inc. bought a new position in shares of WESCO International in the second quarter worth $3,094,634,000. Bank of New York Mellon Corp lifted its stake in WESCO International by 10.3% during the first quarter. Bank of New York Mellon Corp now owns 907,473 shares of the technology company’s stock valued at $248,303,000 after buying an additional 84,905 shares in the last quarter. Geode Capital Management LLC boosted its stake in WESCO International by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 864,237 shares of the technology company’s stock worth $211,473,000 after purchasing an additional 14,739 shares during the period. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of WESCO International during the second quarter valued at $175,189,000. Finally, Vaughan Nelson Investment Management L.P. grew its stake in WESCO International by 8.4% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 404,730 shares of the technology company’s stock valued at $110,742,000 after acquiring an additional 31,210 shares in the last quarter. Institutional investors and hedge funds own 93.75% of the company’s stock.

Insider Activity at WESCO International

In other WESCO International news, Director Laura K. Thompson sold 270 shares of WESCO International 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 sale, the director directly owned 10,720 shares in the company, valued at approximately $3,949,784. The trade was a 2.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Daniel J. Castillo purchased 960 shares of WESCO International stock in a transaction that occurred on Tuesday, August 4th. The shares were bought 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 of the company’s stock, valued at approximately $5,965,836.45. The trade was a 6.26% increase in their position. The SEC filing for this purchase provides additional information. 2.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

WCC has been the topic of a number of research reports. 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. Wall Street Zen downgraded shares of WESCO International from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Royal Bank Of Canada lifted their price target on WESCO International from $421.00 to $430.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Zacks Research upgraded shares of WESCO International from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. Finally, Barclays boosted their price target on shares of WESCO International from $376.00 to $390.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company. Based on data from MarketBeat.com, WESCO International has an average rating of “Buy” and a consensus target price of $374.29.

WESCO International Price Performance

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

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. The firm had revenue of $6.67 billion during the quarter, compared to analysts’ expectations of $6.44 billion. WESCO International had a return on equity of 14.95% and a net margin of 2.84%.The company’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the business posted $3.83 EPS. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. Sell-side analysts anticipate that WESCO International, Inc. will post 16.77 earnings per share for the current fiscal year.

WESCO International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 11th will be paid 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 presently 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.