WESCO International, Inc. $WCC Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC increased its stake in WESCO International, Inc. (NYSE:WCC) by 1.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 864,237 shares of the technology company’s stock after purchasing an additional 14,739 shares during the period. Geode Capital Management LLC’s holdings in WESCO International were worth $211,473,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of WCC. Barrow Hanley Mewhinney & Strauss LLC raised its position in WESCO International by 19.5% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 686,630 shares of the technology company’s stock worth $145,222,000 after buying an additional 111,930 shares during the last quarter. Davis Selected Advisers raised its position in WESCO International by 24.6% during the 4th quarter. Davis Selected Advisers now owns 364,502 shares of the technology company’s stock worth $89,172,000 after buying an additional 71,932 shares during the last quarter. BNP Paribas Financial Markets raised its position in WESCO International by 516.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 41,354 shares of the technology company’s stock worth $7,659,000 after buying an additional 34,649 shares during the last quarter. Ameriprise Financial Inc. raised its position in WESCO International by 6.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 324,068 shares of the technology company’s stock worth $68,541,000 after buying an additional 19,056 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its position in WESCO International by 10.4% during the 3rd quarter. Handelsbanken Fonder AB now owns 194,893 shares of the technology company’s stock worth $41,220,000 after buying an additional 18,377 shares during the last quarter. 93.75% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Hemant Porwal sold 4,445 shares of WESCO International stock in a transaction on Monday, May 11th. The shares were sold at an average price of $363.21, for a total value of $1,614,468.45. Following the sale, the executive vice president owned 16,618 shares of the company’s stock, valued at approximately $6,035,823.78. This trade represents a 21.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David S. Schulz sold 31,951 shares of WESCO International stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $360.44, for a total transaction of $11,516,418.44. Following the completion of the sale, the chief financial officer directly owned 77,038 shares in the company, valued at $27,767,576.72. This represents a 29.32% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 144,486 shares of company stock worth $51,846,641. 2.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have issued reports on WCC. Barclays raised their price target on shares of WESCO International from $313.00 to $375.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Weiss Ratings raised shares of WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Stephens raised their price target on shares of WESCO International from $275.00 to $350.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. KeyCorp raised their price target 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. Finally, Royal Bank Of Canada raised their price target on shares of WESCO International from $352.00 to $411.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, WESCO International has a consensus rating of “Buy” and an average price target of $321.38.

WESCO International Price Performance

NYSE:WCC opened at $372.24 on Wednesday. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.12 and a quick ratio of 1.22. The firm has a market cap of $18.13 billion, a price-to-earnings ratio of 26.46, a price-to-earnings-growth ratio of 2.24 and a beta of 1.53. The company has a 50 day moving average price of $320.28 and a 200-day moving average price of $289.97. WESCO International, Inc. has a 1-year low of $165.40 and a 1-year high of $377.27.

WESCO International (NYSE:WCC) last posted its earnings results on Thursday, April 30th. The technology company reported $3.37 earnings per share for the quarter, beating the consensus estimate of $2.88 by $0.49. The firm had revenue of $6.08 billion during the quarter, compared to analyst estimates of $5.86 billion. WESCO International had a net margin of 2.79% and a return on equity of 13.82%. The business’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.21 EPS. WESCO International has set its FY 2026 guidance at 15.000-17.000 EPS. Equities research analysts forecast that WESCO International, Inc. will post 15.9 EPS for the current year.

WESCO International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 12th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, June 12th. WESCO International’s payout ratio is 14.21%.

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.