30,000 Shares in WESCO International, Inc. $WCC Bought by Paradigm Capital Management Inc. NY

Paradigm Capital Management Inc. NY bought a new stake in WESCO International, Inc. (NYSE:WCC) in the second quarter, HoldingsChannel reports. The institutional investor bought 30,000 shares of the technology company’s stock, valued at approximately $10,363,000.

Other institutional investors also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of WESCO International in the 2nd quarter valued at about $3,094,634,000. Bank of New York Mellon Corp boosted its holdings 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 buying an additional 84,905 shares in the last quarter. Geode Capital Management LLC grew its position in WESCO International by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 864,237 shares of the technology company’s stock worth $211,473,000 after buying an additional 14,739 shares during the period. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in WESCO International during the second quarter worth about $175,189,000. Finally, Vaughan Nelson Investment Management L.P. increased its holdings in 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 buying an additional 31,210 shares in the last quarter. 93.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on WCC shares. KeyCorp lifted their price target on shares of WESCO International from $340.00 to $415.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Zacks Research raised WESCO International from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. Royal Bank Of Canada lifted their price objective on WESCO International from $421.00 to $430.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. DA Davidson assumed coverage on WESCO International in a research report on Tuesday, June 16th. They set a “buy” rating and a $440.00 target price on the stock. Finally, Stephens raised WESCO International from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $350.00 to $400.00 in a report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $374.29.

Insider Transactions at WESCO International

In related news, Director Laura K. Thompson sold 270 shares of WESCO International stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $368.45, for a total transaction of $99,481.50. Following the completion of the sale, the director owned 10,720 shares in the company, valued at approximately $3,949,784. This trade represents a 2.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Akash Khurana sold 3,400 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $366.78, for a total transaction of $1,247,052.00. Following the completion of the transaction, the executive vice president directly owned 27,404 shares of the company’s stock, valued at $10,051,239.12. The trade was a 11.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.60% of the company’s stock.

WESCO International Stock Down 3.5%

Shares of NYSE WCC opened at $337.07 on Tuesday. WESCO International, Inc. has a 12-month low of $203.40 and a 12-month high of $385.37. The company has a market capitalization of $16.43 billion, a PE ratio of 23.29, a price-to-earnings-growth ratio of 2.08 and a beta of 1.54. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.09 and a quick ratio of 1.23. The firm’s 50-day moving average is $343.34 and its two-hundred day moving average is $323.05.

WESCO International (NYSE:WCC) last issued its quarterly earnings data 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. 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 during the quarter, compared to analysts’ expectations of $6.44 billion. During the same period last year, the company posted $3.83 EPS. The company’s revenue was up 13.0% on a year-over-year basis. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. Equities analysts anticipate that WESCO International, Inc. will post 16.77 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. Shareholders of record on Friday, June 12th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $2.00 annualized dividend and a yield of 0.6%. WESCO International’s dividend payout ratio (DPR) is presently 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.