Farmers & Merchants Investments Inc. Raises Stock Position in WESCO International, Inc. (NYSE:WCC)

Farmers & Merchants Investments Inc. grew its holdings in WESCO International, Inc. (NYSE:WCC) by 0.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 195,731 shares of the technology company’s stock after purchasing an additional 752 shares during the quarter. WESCO International accounts for about 1.1% of Farmers & Merchants Investments Inc.’s holdings, making the stock its 17th biggest holding. Farmers & Merchants Investments Inc. owned about 0.40% of WESCO International worth $35,419,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB grew its stake in shares of WESCO International by 12,056.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 11,670 shares of the technology company’s stock worth $2,112,000 after acquiring an additional 11,574 shares in the last quarter. Integrated Investment Consultants LLC purchased a new position in WESCO International in the fourth quarter valued at $278,000. GAMMA Investing LLC grew its stake in WESCO International by 25.0% during the 4th quarter. GAMMA Investing LLC now owns 375 shares of the technology company’s stock worth $68,000 after purchasing an additional 75 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in WESCO International during the 3rd quarter worth about $592,000. Finally, Geode Capital Management LLC raised its position in WESCO International by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 762,653 shares of the technology company’s stock valued at $128,143,000 after purchasing an additional 22,080 shares in the last quarter. Institutional investors and hedge funds own 93.76% of the company’s stock.

Insider Activity at WESCO International

In related news, CFO David S. Schulz sold 14,938 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $206.55, for a total value of $3,085,443.90. Following the transaction, the chief financial officer now owns 104,471 shares in the company, valued at $21,578,485.05. The trade was a 12.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP William Clayton Geary sold 2,829 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $205.73, for a total value of $582,010.17. Following the sale, the executive vice president now directly owns 35,063 shares of the company’s stock, valued at $7,213,510.99. The trade was a 7.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.10% of the stock is owned by insiders.

WESCO International Trading Down 1.2 %

NYSE:WCC opened at $185.60 on Friday. The company has a quick ratio of 1.29, a current ratio of 2.21 and a debt-to-equity ratio of 0.99. WESCO International, Inc. has a 52-week low of $132.37 and a 52-week high of $216.17. The stock’s 50 day moving average price is $188.49 and its 200 day moving average price is $179.15. The company has a market capitalization of $9.09 billion, a PE ratio of 14.86, a P/E/G ratio of 1.34 and a beta of 2.01.

WESCO International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a $0.4125 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 0.89%. WESCO International’s payout ratio is 13.21%.

Analysts Set New Price Targets

A number of research firms recently weighed in on WCC. StockNews.com upgraded shares of WESCO International from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. KeyCorp increased their price objective on shares of WESCO International from $225.00 to $245.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Robert W. Baird lifted their price objective on shares of WESCO International from $215.00 to $223.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Royal Bank of Canada increased their target price on WESCO International from $186.00 to $199.00 and gave the company a “sector perform” rating in a report on Friday, November 1st. Finally, Oppenheimer lifted their price target on WESCO International from $205.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $215.88.

WESCO International Profile

WESCO International, Inc provides business-to-business distribution, logistics services, and supply chain solutions in the United States, Canada, and internationally. It operates through three segments: Electrical & Electronic Solutions (EES), Communications & Security Solutions (CSS), and Utility and Broadband Solutions (UBS).