Handelsbanken Fonder AB Grows Stake in WESCO International, Inc. $WCC

Handelsbanken Fonder AB lifted its holdings in shares of WESCO International, Inc. (NYSE:WCC) by 10.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 194,893 shares of the technology company’s stock after buying an additional 18,377 shares during the period. Handelsbanken Fonder AB’s holdings in WESCO International were worth $41,220,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. River Road Asset Management LLC increased its stake in WESCO International by 56.0% in the second quarter. River Road Asset Management LLC now owns 605,918 shares of the technology company’s stock valued at $112,216,000 after purchasing an additional 217,417 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of WESCO International by 4.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 795,629 shares of the technology company’s stock worth $147,351,000 after buying an additional 36,843 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings 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 valued at $7,659,000 after buying an additional 34,649 shares in the last quarter. Davis Selected Advisers grew its position in shares of WESCO International by 12.5% in the 2nd quarter. Davis Selected Advisers now owns 290,746 shares of the technology company’s stock valued at $53,846,000 after buying an additional 32,243 shares during the last quarter. Finally, LSV Asset Management grew its position in shares of WESCO International by 23.9% in the 2nd quarter. LSV Asset Management now owns 156,440 shares of the technology company’s stock valued at $28,973,000 after buying an additional 30,200 shares during the last quarter. 93.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WCC has been the subject of a number of research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of WESCO International in a research report on Wednesday, January 21st. Wall Street Zen downgraded WESCO International from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Royal Bank Of Canada upped their target price on WESCO International from $316.00 to $335.00 and gave the company an “outperform” rating in a research report on Wednesday, February 11th. Barclays raised their price target on WESCO International from $302.00 to $313.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Finally, KeyCorp set a $340.00 price objective on WESCO International in a research note on Wednesday, February 11th. One investment 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $276.00.

Insider Activity

In related news, EVP Diane Lazzaris sold 17,294 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $305.00, for a total transaction of $5,274,670.00. Following the completion of the transaction, the executive vice president directly owned 29,065 shares of the company’s stock, valued at $8,864,825. This represents a 37.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders have sold 20,114 shares of company stock worth $6,128,353 in the last quarter. Insiders own 3.30% of the company’s stock.

WESCO International Trading Down 2.1%

Shares of WCC stock opened at $289.65 on Friday. The company has a market capitalization of $14.09 billion, a P/E ratio of 22.18, a price-to-earnings-growth ratio of 1.90 and a beta of 1.45. The company has a current ratio of 2.20, a quick ratio of 1.27 and a debt-to-equity ratio of 1.15. The business’s 50 day moving average is $281.92 and its two-hundred day moving average is $250.36. WESCO International, Inc. has a twelve month low of $125.21 and a twelve month high of $319.67.

WESCO International (NYSE:WCC) last released its quarterly earnings results on Tuesday, February 10th. The technology company reported $3.40 EPS for the quarter, missing the consensus estimate of $3.82 by ($0.42). WESCO International had a return on equity of 13.00% and a net margin of 2.72%.The company had revenue of $6.07 billion for the quarter, compared to analysts’ expectations of $6.03 billion. During the same quarter last year, the company earned $3.16 EPS. WESCO International’s revenue for the quarter was up 10.3% compared to the same quarter last year. WESCO International has set its FY 2026 guidance at 14.500-16.500 EPS. Equities analysts forecast that WESCO International, Inc. will post 13.3 EPS for the current year.

WESCO International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, March 13th. This is a positive change from WESCO International’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 0.7%. WESCO International’s payout ratio is presently 13.94%.

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.