Perigon Wealth Management LLC purchased a new stake in shares of WESCO International, Inc. (NYSE:WCC – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,774 shares of the technology company’s stock, valued at approximately $613,000.
Other large investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp acquired a new position in shares of WESCO International in the 2nd quarter valued at about $249,503,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in WESCO International during the second quarter worth approximately $41,561,000. Public Employees Retirement Association of Colorado grew its stake in WESCO International by 1,674.7% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 88,645 shares of the technology company’s stock worth $21,686,000 after purchasing an additional 83,650 shares during the period. Van Lanschot Kempen Investment Management N.V. increased its holdings in WESCO International by 74.8% in the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 186,012 shares of the technology company’s stock worth $45,506,000 after purchasing an additional 79,612 shares in the last quarter. Finally, Davis Selected Advisers lifted its stake in WESCO International by 24.6% in the fourth quarter. Davis Selected Advisers now owns 364,502 shares of the technology company’s stock valued at $89,172,000 after buying an additional 71,932 shares during the period. 93.75% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
WCC has been the subject of several recent analyst reports. Barclays raised their price objective on shares of WESCO International from $376.00 to $390.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. Royal Bank Of Canada boosted their target price on shares of WESCO International from $421.00 to $430.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Zacks Research raised shares of WESCO International from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. Wall Street Zen cut shares of WESCO International from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Finally, DA Davidson initiated coverage on shares of WESCO International in a research note on Tuesday, June 16th. They issued 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 assigned a Buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $374.29.
Insider Buying and Selling
In other WESCO International news, Director Laura K. Thompson sold 270 shares of WESCO International stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $368.45, for a total transaction of $99,481.50. Following the transaction, the director owned 10,720 shares of the company’s stock, valued at $3,949,784. This trade represents a 2.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Akash Khurana sold 3,400 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $366.78, for a total value of $1,247,052.00. Following the completion of the transaction, the executive vice president owned 27,404 shares in the company, valued at $10,051,239.12. The trade was a 11.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.60% of the stock is owned by corporate insiders.
WESCO International Trading Down 1.6%
Shares of WESCO International stock opened at $343.70 on Thursday. The company has a market capitalization of $16.75 billion, a P/E ratio of 23.75, a price-to-earnings-growth ratio of 2.08 and a beta of 1.54. The stock has a fifty day simple moving average of $343.62 and a 200 day simple moving average of $322.12. WESCO International, Inc. has a 12-month low of $203.40 and a 12-month high of $385.37. 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 – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The technology company reported $4.57 earnings per share for the quarter, beating the consensus estimate of $3.98 by $0.59. The business had revenue of $6.67 billion for 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 business’s revenue was up 13.0% on a year-over-year basis. During the same period last year, the business earned $3.83 EPS. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. On average, sell-side analysts anticipate that WESCO International, Inc. will post 16.82 earnings per share for the current fiscal year.
WESCO International Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 12th were issued a dividend of $0.50 per share. The ex-dividend date was Friday, June 12th. This represents a $2.00 annualized dividend and a yield of 0.6%. WESCO International’s payout ratio 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.
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