TD Private Client Wealth LLC Boosts Stake in WESCO International, Inc. $WCC

TD Private Client Wealth LLC grew its holdings in WESCO International, Inc. (NYSE:WCC) by 93.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,870 shares of the technology company’s stock after purchasing an additional 1,872 shares during the period. TD Private Client Wealth LLC’s holdings in WESCO International were worth $819,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WCC. First Horizon Advisors Inc. raised its holdings in WESCO International by 129.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 232 shares of the technology company’s stock valued at $43,000 after buying an additional 131 shares during the period. Parallel Advisors LLC increased its position 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 valued at $94,000 after acquiring an additional 60 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of WESCO International by 33.0% in the 3rd quarter. GAMMA Investing LLC now owns 589 shares of the technology company’s stock valued at $125,000 after acquiring an additional 146 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of WESCO International by 95.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 753 shares of the technology company’s stock worth $139,000 after acquiring an additional 368 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC purchased a new position in shares of WESCO International during the 2nd quarter worth approximately $211,000. 93.75% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at WESCO International

In related news, CAO Matthew S. Kulasa sold 790 shares of the business’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $253.18, for a total transaction of $200,012.20. Following the completion of the transaction, the chief accounting officer owned 3,320 shares in the company, valued at approximately $840,557.60. The trade was a 19.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Christine Ann Wolf sold 4,685 shares of the firm’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $259.52, for a total value of $1,215,851.20. Following the completion of the sale, the executive vice president owned 30,195 shares in the company, valued at approximately $7,836,206.40. This represents a 13.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 17,036 shares of company stock valued at $4,385,254. Insiders own 3.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on WCC shares. JPMorgan Chase & Co. boosted their target price 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 price objective for the company from $262.00 to $302.00 in a report on Wednesday, November 19th. Wall Street Zen raised WESCO International from a “hold” rating to a “buy” rating in a research note on Saturday, January 3rd. Barclays lifted their target price on WESCO International from $274.00 to $302.00 and gave the company an “overweight” rating in a research report on Monday. Finally, KeyCorp increased their price target on shares of WESCO International from $258.00 to $300.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $259.88.

WESCO International Trading Up 2.4%

WCC opened at $283.31 on Friday. The business has a fifty day moving average price of $260.78 and a 200 day moving average price of $230.63. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.09 and a quick ratio of 1.20. WESCO International, Inc. has a 12 month low of $125.21 and a 12 month high of $284.80. The stock has a market capitalization of $13.78 billion, a price-to-earnings ratio of 22.22, a PEG ratio of 1.76 and a beta of 1.45.

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

WESCO International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a dividend of $0.4538 per share. This represents a $1.82 annualized dividend and a yield of 0.6%. The ex-dividend date was Friday, December 12th. WESCO International’s payout ratio is 14.27%.

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.