MassMutual Private Wealth & Trust FSB Sells 1,416 Shares of WESCO International, Inc. $WCC

MassMutual Private Wealth & Trust FSB lessened its stake in shares of WESCO International, Inc. (NYSE:WCC) by 6.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,069 shares of the technology company’s stock after selling 1,416 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in WESCO International were worth $7,278,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Bank of New York Mellon Corp increased its position in WESCO International by 10.3% during the first quarter. Bank of New York Mellon Corp now owns 907,473 shares of the technology company’s stock worth $248,303,000 after acquiring an additional 84,905 shares during the period. Geode Capital Management LLC increased its position in shares of WESCO International by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 864,237 shares of the technology company’s stock valued at $211,473,000 after purchasing an additional 14,739 shares during the period. Vaughan Nelson Investment Management L.P. raised its stake in shares of WESCO International by 8.4% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 404,730 shares of the technology company’s stock valued at $110,742,000 after purchasing an additional 31,210 shares in the last quarter. Davis Selected Advisers raised its stake in shares of WESCO International by 24.6% in the 4th 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 in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of WESCO International by 6.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 324,068 shares of the technology company’s stock valued at $68,541,000 after acquiring an additional 19,056 shares in the last quarter. 93.75% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on WCC. DA Davidson assumed coverage on WESCO International in a report on Tuesday, June 16th. They set a “buy” rating and a $440.00 price objective on the stock. Royal Bank Of Canada raised their target price on WESCO International from $421.00 to $430.00 and gave the stock an “outperform” rating in a research report on Friday. Stephens raised WESCO International from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $350.00 to $400.00 in a research note on Tuesday, July 14th. Barclays upped their price target on WESCO International from $376.00 to $390.00 and gave the company an “overweight” rating in a research report on Monday. Finally, KeyCorp lifted their price objective on WESCO International from $340.00 to $415.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Eight investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, WESCO International currently has a consensus rating of “Moderate Buy” and a consensus target price of $356.88.

Insider Buying and Selling

In related news, EVP Christine Ann Wolf sold 2,549 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $355.25, for a total transaction of $905,532.25. Following the completion of the transaction, the executive vice president owned 29,570 shares in the company, valued at approximately $10,504,742.50. The trade was a 7.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Diane Lazzaris sold 9,910 shares of the business’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $359.48, for a total transaction of $3,562,446.80. Following the completion of the transaction, the executive vice president directly owned 19,611 shares of the company’s stock, valued at $7,049,762.28. This trade represents a 33.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 135,065 shares of company stock worth $48,533,459 over the last quarter. Insiders own 2.60% of the company’s stock.

WESCO International Price Performance

Shares of WCC stock opened at $361.67 on Tuesday. WESCO International, Inc. has a 1 year low of $200.60 and a 1 year high of $377.90. The firm’s 50 day moving average is $342.96 and its 200-day moving average is $315.46. The firm has a market capitalization of $17.62 billion, a price-to-earnings ratio of 24.99, a PEG ratio of 2.14 and a beta of 1.54. 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) last released its earnings results on Thursday, July 30th. The technology company reported $4.57 earnings per share for the quarter, topping analysts’ consensus estimates of $3.98 by $0.59. The company had revenue of $6.67 billion during the quarter, compared to the consensus estimate of $6.44 billion. WESCO International had a return on equity of 14.95% and a net margin of 2.84%.The firm’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.83 earnings per share. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. Sell-side analysts forecast that WESCO International, Inc. will post 16.08 EPS for the current fiscal year.

WESCO International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 12th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.6%. WESCO International’s dividend payout ratio is 13.82%.

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.