Jupiter Topco LLC Buys Shares of 21,423 WESCO International, Inc. $WCC

Jupiter Topco LLC purchased a new position in shares of WESCO International, Inc. (NYSE:WCC) in the second quarter, HoldingsChannel.com reports. The fund purchased 21,423 shares of the technology company’s stock, valued at approximately $7,399,000.

Several other large investors have also made changes to their positions in WCC. Vaughan Nelson Investment Management L.P. increased its stake 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 acquiring an additional 31,210 shares during the last quarter. Geode Capital Management LLC lifted its stake 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 purchasing an additional 14,739 shares during the last quarter. BlackRock Inc. bought a new stake in WESCO International during the second quarter worth $3,094,634,000. Van Lanschot Kempen Investment Management N.V. boosted 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 valued at $45,506,000 after purchasing an additional 79,612 shares in the last quarter. Finally, Algert Global LLC boosted its holdings in shares of WESCO International by 103.3% in the 2nd quarter. Algert Global LLC now owns 65,146 shares of the technology company’s stock valued at $22,503,000 after purchasing an additional 33,109 shares in the last quarter. Institutional investors and hedge funds own 93.75% of the company’s stock.

WESCO International Stock Performance

NYSE WCC opened at $336.34 on Monday. The firm’s fifty day moving average price is $342.01 and its two-hundred day moving average price is $324.14. The stock has a market cap of $16.39 billion, a PE ratio of 23.24, a PEG ratio of 2.01 and a beta of 1.54. WESCO International, Inc. has a fifty-two week low of $203.40 and a fifty-two 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 announced its quarterly earnings results on Thursday, July 30th. The technology company reported $4.57 EPS for the quarter, beating analysts’ consensus estimates of $3.98 by $0.59. WESCO International had a return on equity of 14.95% and a net margin of 2.84%.The company had revenue of $6.67 billion during the quarter, compared to analysts’ expectations of $6.44 billion. During the same period in the prior year, the company earned $3.83 EPS. WESCO International’s revenue was up 13.0% compared to the same quarter last year. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. On average, equities analysts expect that WESCO International, Inc. will post 16.77 EPS for the current fiscal year.

WESCO International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Friday, September 11th. WESCO International’s dividend payout ratio is presently 13.82%.

Insider Buying and Selling at WESCO International

In other news, EVP Daniel J. Castillo purchased 960 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were purchased at an average cost of $365.89 per share, with a total value of $351,254.40. Following the completion of the purchase, 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 position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Akash Khurana sold 3,400 shares of the business’s stock in a transaction dated 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 approximately $10,051,239.12. This trade represents a 11.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Zacks Research upgraded WESCO International from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. DA Davidson initiated coverage on WESCO International in a research report on Tuesday, June 16th. They set a “buy” rating and a $440.00 price objective for the company. Barclays raised their price objective on WESCO International from $376.00 to $390.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. Wall Street Zen cut WESCO International from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Finally, Weiss Ratings raised WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $374.29.

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.