Handelsbanken Fonder AB Has $21.75 Million Stock Holdings in WESCO International, Inc. $WCC

Handelsbanken Fonder AB trimmed its holdings in shares of WESCO International, Inc. (NYSE:WCC) by 24.9% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 62,977 shares of the technology company’s stock after selling 20,916 shares during the period. Handelsbanken Fonder AB’s holdings in WESCO International were worth $21,754,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of WCC. Cornerstone Planning Group LLC boosted its position in WESCO International by 92.7% during the 4th quarter. Cornerstone Planning Group LLC now owns 106 shares of the technology company’s stock worth $26,000 after acquiring an additional 51 shares during the period. Brown Brothers Harriman & Co. increased its holdings in shares of WESCO International by 166.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 133 shares of the technology company’s stock valued at $28,000 after purchasing an additional 83 shares during the period. Torren Management LLC acquired a new position in shares of WESCO International in the 4th quarter valued at about $32,000. Hilton Head Capital Partners LLC purchased a new stake in shares of WESCO International in the fourth quarter worth approximately $39,000. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of WESCO International in the fourth quarter worth approximately $56,000. 93.75% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at WESCO International

In other WESCO International news, EVP Daniel J. Castillo purchased 960 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were acquired at an average price of $365.89 per share, for a total transaction of $351,254.40. Following the acquisition, the executive vice president owned 16,305 shares of the company’s stock, valued at $5,965,836.45. This trade represents a 6.26% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.60% of the company’s stock.

WESCO International Trading Down 0.2%

Shares of NYSE WCC opened at $365.53 on Thursday. The stock has a market cap of $17.81 billion, a price-to-earnings ratio of 25.26, a PEG ratio of 2.18 and a beta of 1.54. The business has a 50 day simple moving average of $343.13 and a 200 day simple moving average of $319.72. WESCO International, Inc. has a 52 week low of $203.40 and a 52 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.

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, beating the consensus estimate of $3.98 by $0.59. The firm 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 for the quarter was up 13.0% on a year-over-year basis. During the same quarter last year, the firm earned $3.83 earnings per share. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. On average, research analysts predict that WESCO International, Inc. will post 16.82 earnings per share for the current fiscal year.

WESCO International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 12th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, June 12th. This represents a $2.00 annualized dividend and a dividend yield of 0.5%. WESCO International’s dividend payout ratio is 13.82%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on WCC. Wall Street Zen downgraded shares of WESCO International from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. 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. Stephens raised shares of WESCO International from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $350.00 to $400.00 in a research note on Tuesday, July 14th. Weiss Ratings cut shares of WESCO International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, July 31st. Finally, KeyCorp upped their price target on shares of WESCO International from $340.00 to $415.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. One research 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $374.29.

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.