Handelsbanken Fonder AB Decreases Stock Holdings in WESCO International, Inc. $WCC

Handelsbanken Fonder AB lessened its holdings in WESCO International, Inc. (NYSE:WCC) by 24.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 146,893 shares of the technology company’s stock after selling 48,000 shares during the period. Handelsbanken Fonder AB’s holdings in WESCO International were worth $35,936,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in WCC. EverSource Wealth Advisors LLC lifted its stake 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 purchasing an additional 368 shares during the period. Gamco Investors INC. ET AL bought a new position in shares of WESCO International in the 2nd quarter worth approximately $573,000. California State Teachers Retirement System lifted its stake in shares of WESCO International by 0.8% in the 2nd quarter. California State Teachers Retirement System now owns 45,604 shares of the technology company’s stock worth $8,446,000 after purchasing an additional 365 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of WESCO International by 516.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 41,354 shares of the technology company’s stock worth $7,659,000 after purchasing an additional 34,649 shares during the period. Finally, Lazard Asset Management LLC lifted its stake in shares of WESCO International by 1.4% in the 2nd quarter. Lazard Asset Management LLC now owns 4,006 shares of the technology company’s stock worth $740,000 after purchasing an additional 54 shares during the period. Institutional investors own 93.75% of the company’s stock.

WESCO International Trading Down 3.1%

Shares of WCC opened at $337.22 on Wednesday. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.12 and a quick ratio of 1.22. WESCO International, Inc. has a 1 year low of $161.70 and a 1 year high of $374.00. The company has a 50 day simple moving average of $302.11 and a two-hundred day simple moving average of $283.35. The firm has a market cap of $16.43 billion, a P/E ratio of 23.97, a price-to-earnings-growth ratio of 2.19 and a beta of 1.54.

WESCO International (NYSE:WCC) last announced its quarterly earnings data on Thursday, April 30th. The technology company reported $3.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.88 by $0.49. WESCO International had a net margin of 2.79% and a return on equity of 13.82%. The business had revenue of $6.08 billion during the quarter, compared to analyst estimates of $5.86 billion. During the same period last year, the firm posted $2.21 EPS. The company’s revenue was up 13.8% on a year-over-year basis. WESCO International has set its FY 2026 guidance at 15.000-17.000 EPS. On average, equities analysts expect that WESCO International, Inc. will post 15.9 earnings per share for the current fiscal year.

WESCO International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were issued a dividend of $0.50 per share. This is an increase from WESCO International’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Friday, March 13th. This represents a $2.00 dividend on an annualized basis and a yield of 0.6%. WESCO International’s payout ratio is 14.21%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on WCC. Royal Bank Of Canada increased their price objective on shares of WESCO International from $352.00 to $411.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. KeyCorp increased their price objective on shares of WESCO International from $340.00 to $415.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Barclays increased their price objective on shares of WESCO International from $313.00 to $375.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Stephens increased their price objective on shares of WESCO International from $275.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Finally, Weiss Ratings upgraded shares of WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, WESCO International presently has an average rating of “Buy” and an average price target of $321.38.

Insider Buying and Selling at WESCO International

In other news, EVP Hemant Porwal sold 4,445 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $363.21, for a total transaction of $1,614,468.45. Following the completion of the transaction, the executive vice president directly owned 16,618 shares in the company, valued at approximately $6,035,823.78. This represents a 21.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Akash Khurana sold 4,000 shares of the stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $359.13, for a total value of $1,436,520.00. Following the transaction, the executive vice president owned 30,775 shares of the company’s stock, valued at $11,052,225.75. This represents a 11.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 144,486 shares of company stock worth $51,846,641. Insiders own 2.60% of the company’s stock.

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.