Jones Financial Companies Lllp Grows Position in WESCO International, Inc. $WCC

Jones Financial Companies Lllp increased its holdings in WESCO International, Inc. (NYSE:WCC) by 49.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 7,899 shares of the technology company’s stock after purchasing an additional 2,617 shares during the period. Jones Financial Companies Lllp’s holdings in WESCO International were worth $1,689,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Root Financial Partners LLC bought a new stake in WESCO International during the 3rd quarter worth approximately $37,000. First Horizon Advisors Inc. raised its holdings in shares of WESCO International by 129.7% during 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 in the last quarter. GAMMA Investing LLC raised its stake in shares of WESCO International by 33.0% during the third quarter. GAMMA Investing LLC now owns 589 shares of the technology company’s stock worth $125,000 after acquiring an additional 146 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in 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 purchasing an additional 368 shares during the period. Finally, Transcend Capital Advisors LLC purchased a new position in shares of WESCO International in the third quarter worth about $204,000. Hedge funds and other institutional investors own 93.75% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on WCC. Royal Bank Of Canada raised shares of WESCO International from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $262.00 to $302.00 in a research note on Wednesday, November 19th. Barclays upped their target price on WESCO International from $274.00 to $302.00 and gave the stock an “overweight” rating in a report on Monday, January 12th. Weiss Ratings reiterated a “hold (c+)” rating on shares of WESCO International in a research note on Wednesday, January 21st. Wall Street Zen cut WESCO International from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Finally, KeyCorp lifted their target price on shares of WESCO International from $300.00 to $304.00 and gave the stock an “overweight” rating in a report on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $266.00.

WESCO International Price Performance

Shares of NYSE:WCC opened at $301.73 on Tuesday. WESCO International, Inc. has a twelve month low of $125.21 and a twelve month high of $319.67. The firm’s 50 day moving average price is $272.54 and its 200-day moving average price is $242.21. 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 stock has a market capitalization of $14.68 billion, a PE ratio of 23.67, a price-to-earnings-growth ratio of 2.00 and a beta of 1.45.

WESCO International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a $0.4538 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $1.82 annualized dividend and a dividend yield of 0.6%. WESCO International’s dividend payout ratio (DPR) is 14.27%.

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.