25,202 Shares in WESCO International, Inc. $WCC Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC purchased a new position in shares of WESCO International, Inc. (NYSE:WCC) during the second quarter, HoldingsChannel reports. The firm purchased 25,202 shares of the technology company’s stock, valued at approximately $8,745,000.

A number of other hedge funds also recently made changes to their positions in WCC. BlackRock Inc. acquired a new stake in WESCO International during the 2nd quarter valued at $3,094,634,000. Bank of New York Mellon Corp bought a new position in WESCO International during the second quarter worth $249,503,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of WESCO International in the second quarter valued at $175,189,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of WESCO International in the second quarter valued at $41,561,000. Finally, Public Employees Retirement Association of Colorado raised its position in shares of WESCO International by 1,674.7% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 88,645 shares of the technology company’s stock valued at $21,686,000 after purchasing an additional 83,650 shares during the period. 93.75% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on WCC. Wall Street Zen downgraded shares of WESCO International from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. DA Davidson initiated coverage on shares of WESCO International in a report on Tuesday, June 16th. They issued a “buy” rating and a $440.00 price target on the stock. KeyCorp raised their price objective on shares of WESCO International from $340.00 to $415.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Zacks Research upgraded WESCO International from a “hold” rating to a “strong-buy” rating in a report on Monday, August 3rd. Finally, Weiss Ratings raised WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $374.29.

WESCO International Stock Down 4.1%

WCC opened at $336.34 on Friday. WESCO International, Inc. has a fifty-two week low of $203.40 and a fifty-two week high of $385.37. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.23 and a current ratio of 2.09. The company has a market capitalization of $16.39 billion, a P/E ratio of 23.24, a P/E/G ratio of 2.09 and a beta of 1.54. The stock has a fifty day moving average of $342.01 and a 200-day moving average of $323.99.

WESCO International (NYSE:WCC) last released its quarterly earnings results on Thursday, July 30th. The technology company reported $4.57 EPS for the quarter, beating the consensus estimate of $3.98 by $0.59. WESCO International had a net margin of 2.84% and a return on equity of 14.95%. The business had revenue of $6.67 billion for the quarter, compared to the consensus estimate of $6.44 billion. During the same period in the prior year, the company posted $3.83 earnings per share. WESCO International’s revenue was up 13.0% compared to the same quarter last year. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. On average, equities analysts expect that WESCO International, Inc. will post 16.77 EPS for the current year.

WESCO International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $2.00 dividend on an annualized basis and a yield of 0.6%. WESCO International’s payout ratio is currently 13.82%.

Insiders Place Their Bets

In other news, EVP Akash Khurana sold 3,400 shares of WESCO International stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $366.78, for a total value of $1,247,052.00. Following the completion of the sale, the executive vice president directly owned 27,404 shares in the company, valued at approximately $10,051,239.12. The trade was a 11.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Laura K. Thompson sold 270 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $368.45, for a total value of $99,481.50. Following the completion of the sale, the director owned 10,720 shares of the company’s stock, valued at approximately $3,949,784. This trade represents a 2.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 2.60% of the company’s stock.

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.