Public Employees Retirement System of Ohio Buys New Stake in WESCO International, Inc. $WCC

Public Employees Retirement System of Ohio bought a new stake in WESCO International, Inc. (NYSE:WCC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 72,329 shares of the technology company’s stock, valued at approximately $24,985,000. Public Employees Retirement System of Ohio owned 0.15% of WESCO International as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of WESCO International in the 2nd quarter valued at $3,094,634,000. Bank of America Corp DE acquired a new position in WESCO International in the 2nd quarter valued at about $296,304,000. Bank of New York Mellon Corp purchased a new stake in WESCO International during the second quarter worth about $249,503,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in WESCO International during the second quarter worth about $175,189,000. Finally, Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of WESCO International during the second quarter worth about $41,561,000. 93.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other WESCO International news, EVP Daniel J. Castillo purchased 960 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was purchased at an average cost of $365.89 per share, with a total value of $351,254.40. Following the completion of the acquisition, the executive vice president directly owned 16,305 shares of the company’s stock, valued at $5,965,836.45. This trade represents a 6.26% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Akash Khurana sold 3,400 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $366.78, for a total transaction of $1,247,052.00. Following 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 position. The SEC filing for this sale provides additional information. Company insiders own 2.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Stephens upgraded shares of WESCO International from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $350.00 to $400.00 in a report on Tuesday, July 14th. Weiss Ratings upgraded shares of WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 17th. Royal Bank Of Canada upped their price objective on WESCO International from $421.00 to $430.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. DA Davidson began coverage on WESCO International in a research note on Tuesday, June 16th. They issued a “buy” rating and a $440.00 price objective on the stock. Finally, Barclays lifted their target price on WESCO International from $376.00 to $390.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. One equities research 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, WESCO International has an average rating of “Buy” and an average price target of $374.29.

WESCO International Trading Down 4.1%

NYSE WCC opened at $336.34 on Friday. WESCO International, Inc. has a 52 week low of $203.40 and a 52 week high of $385.37. The firm has a 50 day moving average of $342.01 and a two-hundred day moving average of $323.99. 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 has a market capitalization of $16.39 billion, a PE ratio of 23.24, a price-to-earnings-growth ratio of 2.01 and a beta of 1.54.

WESCO International (NYSE:WCC) last announced its quarterly earnings data on Thursday, July 30th. The technology company reported $4.57 earnings per share for the quarter, beating analysts’ consensus estimates of $3.98 by $0.59. The business had revenue of $6.67 billion for 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%. The company’s revenue was up 13.0% on a year-over-year basis. During the same period last year, the business earned $3.83 EPS. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. As a group, research analysts expect that WESCO International, Inc. will post 16.77 EPS for the current fiscal year.

WESCO International Dividend Announcement

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

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.