Evolve Private Wealth LLC Makes New $772,000 Investment in WESCO International, Inc. $WCC

Evolve Private Wealth LLC acquired a new position in shares of WESCO International, Inc. (NYSE:WCC) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,235 shares of the technology company’s stock, valued at approximately $772,000.

Several other institutional investors have also recently added to or reduced their stakes in WCC. BlackRock Inc. acquired 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 acquired a new stake in WESCO International during the second quarter worth about $249,503,000. Diamond Hill Capital Management LLC Investment Advisor bought a new position in WESCO International in the second quarter worth about $41,561,000. Public Employees Retirement Association of Colorado grew its stake in WESCO International by 1,674.7% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 88,645 shares of the technology company’s stock worth $21,686,000 after buying an additional 83,650 shares during the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. increased its holdings in shares of WESCO International by 74.8% in the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 186,012 shares of the technology company’s stock worth $45,506,000 after acquiring an additional 79,612 shares during the period. Institutional investors own 93.75% of the company’s stock.

Insider Activity

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

WESCO International Stock Performance

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

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

WESCO International Announces Dividend

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

Wall Street Analysts Forecast Growth

WCC has been the subject of a number of recent analyst reports. DA Davidson started coverage on shares of WESCO International in a research report on Tuesday, June 16th. They issued a “buy” rating and a $440.00 target price for the company. Royal Bank Of Canada increased their target price on WESCO International from $421.00 to $430.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Zacks Research raised shares of WESCO International from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. Wall Street Zen downgraded WESCO International from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Finally, Weiss Ratings raised WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $374.29.

About WESCO International

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.