Bank of New York Mellon Corp Has $248.30 Million Stake in WESCO International, Inc. $WCC

Bank of New York Mellon Corp grew its position in WESCO International, Inc. (NYSE:WCC) by 10.3% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 907,473 shares of the technology company’s stock after acquiring an additional 84,905 shares during the period. Bank of New York Mellon Corp’s holdings in WESCO International were worth $248,303,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in WCC. Cornerstone Planning Group LLC lifted its stake in WESCO International by 92.7% in the 4th quarter. Cornerstone Planning Group LLC now owns 106 shares of the technology company’s stock valued at $26,000 after purchasing an additional 51 shares during the last quarter. Brown Brothers Harriman & Co. raised its position in WESCO International by 166.0% during the third 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 in the last quarter. Torren Management LLC bought a new stake in WESCO International during the fourth quarter worth $32,000. Hilton Head Capital Partners LLC bought a new position in shares of WESCO International in the fourth quarter worth about $39,000. Finally, V Square Quantitative Management LLC acquired a new stake in shares of WESCO International during the 4th quarter valued at $52,000. Institutional investors own 93.75% of the company’s stock.

WESCO International Stock Performance

Shares of WCC opened at $327.69 on Friday. The company has a current ratio of 2.12, a quick ratio of 1.22 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $15.96 billion, a price-to-earnings ratio of 23.29, a PEG ratio of 2.05 and a beta of 1.54. The stock has a 50 day moving average of $348.23 and a 200 day moving average of $309.48. WESCO International, Inc. has a 12 month low of $197.96 and a 12 month high of $377.90.

WESCO International (NYSE:WCC) last posted its quarterly earnings data on Thursday, April 30th. The technology company reported $3.37 earnings per share for the quarter, topping the consensus estimate of $2.88 by $0.49. The business had revenue of $6.08 billion for the quarter, compared to analysts’ expectations of $5.86 billion. WESCO International had a return on equity of 13.82% and a net margin of 2.79%.The business’s revenue was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.21 earnings per share. WESCO International has set its FY 2026 guidance at 15.000-17.000 EPS. As a group, sell-side analysts forecast that WESCO International, Inc. will post 15.94 earnings per share for the current year.

WESCO International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 12th were given a dividend of $0.50 per share. The ex-dividend date was Friday, June 12th. This represents a $2.00 annualized dividend and a yield of 0.6%. WESCO International’s dividend payout ratio is presently 14.21%.

Analyst Ratings Changes

Several brokerages have recently weighed in on WCC. Wall Street Zen cut WESCO International from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Weiss Ratings upgraded WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Barclays increased their target price on shares of WESCO International from $313.00 to $375.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. DA Davidson initiated coverage on shares of WESCO International in a report on Tuesday, June 16th. They set a “buy” rating and a $440.00 price target for the company. Finally, Stephens upgraded shares of WESCO International from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $350.00 to $400.00 in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $341.22.

Insider Buying and Selling

In other WESCO International news, EVP Akash Khurana sold 4,000 shares of the company’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $359.13, for a total value of $1,436,520.00. Following the transaction, the executive vice president directly owned 30,775 shares in the company, valued at $11,052,225.75. This represents a 11.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David S. Schulz sold 31,951 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $360.44, for a total value of $11,516,418.44. Following the sale, the chief financial officer owned 77,038 shares in the company, valued at $27,767,576.72. The trade was a 29.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 144,486 shares of company stock worth $51,846,641 in the last three months. Insiders own 2.60% of the company’s stock.

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.