Norman Fields Gottscho Capital Management LLC Raises Stock Position in WESCO International, Inc. $WCC

Norman Fields Gottscho Capital Management LLC increased its position in shares of WESCO International, Inc. (NYSE:WCC) by 112.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,785 shares of the technology company’s stock after acquiring an additional 7,303 shares during the period. WESCO International makes up about 0.9% of Norman Fields Gottscho Capital Management LLC’s holdings, making the stock its 18th biggest position. Norman Fields Gottscho Capital Management LLC’s holdings in WESCO International were worth $2,916,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. First Horizon Advisors Inc. increased its holdings in shares of WESCO International by 129.7% in the second quarter. First Horizon Advisors Inc. now owns 232 shares of the technology company’s stock worth $43,000 after purchasing an additional 131 shares during the period. Parallel Advisors LLC grew its holdings in shares of WESCO International by 13.4% during the second quarter. Parallel Advisors LLC now owns 507 shares of the technology company’s stock worth $94,000 after purchasing an additional 60 shares in the last quarter. GAMMA Investing LLC increased its position in shares of WESCO International by 33.0% in the third quarter. GAMMA Investing LLC now owns 589 shares of the technology company’s stock worth $125,000 after purchasing an additional 146 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in WESCO International by 95.6% during the second quarter. EverSource Wealth Advisors LLC now owns 753 shares of the technology company’s stock valued at $139,000 after purchasing an additional 368 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC purchased a new position in WESCO International in the 2nd quarter worth approximately $211,000. 93.75% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on WCC shares. KeyCorp increased their target price on WESCO International from $258.00 to $300.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. JPMorgan Chase & Co. increased their price objective on WESCO International from $225.00 to $245.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Royal Bank Of Canada upgraded WESCO International from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $262.00 to $302.00 in a research report on Wednesday, November 19th. Oppenheimer increased their price target on shares of WESCO International from $225.00 to $255.00 and gave the company an “outperform” rating in a research report on Friday, September 5th. Finally, Wall Street Zen lowered shares of WESCO International from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $256.38.

WESCO International Trading Up 2.6%

Shares of WCC opened at $250.92 on Friday. The stock has a market capitalization of $12.21 billion, a P/E ratio of 19.68, a PEG ratio of 1.84 and a beta of 1.47. WESCO International, Inc. has a twelve month low of $125.21 and a twelve month high of $279.04. The company has a quick ratio of 1.20, a current ratio of 2.09 and a debt-to-equity ratio of 1.18. The firm has a fifty day simple moving average of $249.43 and a two-hundred day simple moving average of $219.58.

WESCO International (NYSE:WCC) last issued its quarterly earnings data on Thursday, October 30th. The technology company reported $3.92 EPS for the quarter, beating the consensus estimate of $3.75 by $0.17. The firm had revenue of $6.20 billion during the quarter, compared to the consensus estimate of $5.91 billion. WESCO International had a net margin of 2.81% and a return on equity of 13.12%. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.58 earnings per share. WESCO International has set its FY 2025 guidance at 13.100-13.600 EPS. On average, research analysts anticipate that WESCO International, Inc. will post 13.3 EPS for the current year.

WESCO International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 12th will be paid a $0.4538 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $1.82 dividend on an annualized basis and a yield of 0.7%. WESCO International’s dividend payout ratio (DPR) is presently 14.27%.

Insider Activity at WESCO International

In other WESCO International news, CAO Matthew S. Kulasa sold 790 shares of the company’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $253.18, for a total value of $200,012.20. Following the completion of the transaction, the chief accounting officer directly owned 3,320 shares in the company, valued at approximately $840,557.60. This represents a 19.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Christine Ann Wolf sold 4,685 shares of WESCO International stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $259.52, for a total transaction of $1,215,851.20. Following the sale, the executive vice president directly owned 30,195 shares in the company, valued at $7,836,206.40. The trade was a 13.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 17,036 shares of company stock worth $4,385,254 over the last quarter. Corporate insiders own 3.30% of the company’s stock.

About WESCO International

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.