Public Employees Retirement System of Ohio Takes Position in WESCO International, Inc. $WCC

Public Employees Retirement System of Ohio bought a new stake in WESCO International, Inc. (NYSE:WCC) in the second quarter, HoldingsChannel reports. The fund bought 72,329 shares of the technology company’s stock, valued at approximately $24,985,000.

Several other institutional investors also recently added to or reduced their stakes in WCC. BlackRock Inc. purchased a new stake in WESCO International in the second quarter valued at approximately $3,094,634,000. Bank of New York Mellon Corp grew its position in shares of 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 worth $248,303,000 after acquiring an additional 84,905 shares during the last quarter. Geode Capital Management LLC grew its position in shares of 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 acquired a new position in shares of WESCO International in the 2nd quarter valued at $296,304,000. Finally, Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in WESCO International in the 2nd quarter valued at $175,189,000. Institutional investors and hedge funds own 93.75% of the company’s stock.

Insider Activity

In related news, EVP Daniel J. Castillo bought 960 shares of the firm’s stock in a transaction on Tuesday, August 4th. The shares were bought at an average cost of $365.89 per share, for a total transaction of $351,254.40. Following the transaction, the executive vice president owned 16,305 shares of the company’s stock, valued at approximately $5,965,836.45. This trade represents a 6.26% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Laura K. Thompson sold 270 shares of the stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $368.45, for a total transaction of $99,481.50. Following the completion of the transaction, the director owned 10,720 shares of the company’s stock, valued at $3,949,784. This represents a 2.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.60% of the company’s stock.

WESCO International Trading Down 4.1%

Shares of WESCO International stock opened at $336.34 on Friday. WESCO International, Inc. has a 52-week low of $203.40 and a 52-week high of $385.37. The company has a quick ratio of 1.23, a current ratio of 2.09 and a debt-to-equity ratio of 1.13. The company’s 50-day simple moving average is $342.01 and its 200-day simple moving average is $323.99. The firm has a market cap of $16.39 billion, a price-to-earnings ratio of 23.24, a price-to-earnings-growth ratio of 2.01 and a beta of 1.54.

WESCO International (NYSE:WCC) last announced its quarterly earnings data on Thursday, July 30th. The technology company reported $4.57 EPS for the quarter, beating analysts’ consensus estimates of $3.98 by $0.59. WESCO International had a net margin of 2.84% and a return on equity of 14.95%. The firm had revenue of $6.67 billion during the quarter, compared to the consensus estimate of $6.44 billion. During the same quarter last year, the firm earned $3.83 earnings per share. The firm’s revenue 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, equities research analysts anticipate that WESCO International, Inc. will post 16.77 earnings per share for the current year.

WESCO International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend 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%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on WCC shares. Zacks Research upgraded shares of WESCO International from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. Stephens upgraded shares of WESCO International from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $350.00 to $400.00 in a research note on Tuesday, July 14th. Weiss Ratings raised shares of WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 17th. Royal Bank Of Canada increased their target price 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, Barclays boosted their price target on WESCO International from $376.00 to $390.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $374.29.

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.