MassMutual Private Wealth & Trust FSB Sells 1,416 Shares of WESCO International, Inc. $WCC

MassMutual Private Wealth & Trust FSB cut its stake in shares of WESCO International, Inc. (NYSE:WCC) by 6.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,069 shares of the technology company’s stock after selling 1,416 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in WESCO International were worth $7,278,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of WCC. Bank of New York Mellon Corp grew its stake in shares of WESCO International by 10.3% in the first quarter. Bank of New York Mellon Corp now owns 907,473 shares of the technology company’s stock valued at $248,303,000 after buying an additional 84,905 shares in the last quarter. Public Employees Retirement Association of Colorado increased its holdings in WESCO International by 1,674.7% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 88,645 shares of the technology company’s stock worth $21,686,000 after buying an additional 83,650 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. raised its position in WESCO International by 74.8% during the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 186,012 shares of the technology company’s stock worth $45,506,000 after acquiring an additional 79,612 shares in the last quarter. Davis Selected Advisers lifted its stake in WESCO International by 24.6% in the fourth quarter. Davis Selected Advisers now owns 364,502 shares of the technology company’s stock valued at $89,172,000 after acquiring an additional 71,932 shares during the last quarter. Finally, Azimuth Capital Investment Management LLC acquired a new stake in WESCO International in the fourth quarter valued at $17,545,000. 93.75% of the stock is currently owned by institutional investors.

Insider Buying and Selling at WESCO International

In other news, CFO David S. Schulz sold 31,951 shares of the business’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $360.44, for a total transaction of $11,516,418.44. Following the completion of the transaction, the chief financial officer owned 77,038 shares of the company’s stock, valued at approximately $27,767,576.72. The trade was a 29.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Hemant Porwal sold 4,445 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $363.21, for a total value of $1,614,468.45. Following the transaction, the executive vice president directly owned 16,618 shares of the company’s stock, valued at approximately $6,035,823.78. The trade was a 21.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 135,065 shares of company stock valued at $48,533,459 over the last three months. 2.60% of the stock is owned by insiders.

WESCO International Stock Performance

WCC opened at $361.67 on Tuesday. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.09 and a quick ratio of 1.23. The business has a fifty day simple moving average of $342.96 and a 200 day simple moving average of $315.46. WESCO International, Inc. has a 1 year low of $200.60 and a 1 year high of $377.90. The company has a market capitalization of $17.62 billion, a PE ratio of 24.99, a price-to-earnings-growth ratio of 2.14 and a beta of 1.54.

WESCO International (NYSE:WCC) last released its quarterly earnings results on Thursday, July 30th. The technology company reported $4.57 EPS for the quarter, topping analysts’ consensus estimates of $3.98 by $0.59. WESCO International had a net margin of 2.84% and a return on equity of 14.95%. The business had revenue of $6.67 billion for the quarter, compared to analyst estimates of $6.44 billion. During the same period last year, the firm earned $3.83 earnings per share. WESCO International’s revenue for the quarter 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. Research analysts expect that WESCO International, Inc. will post 16.08 EPS 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 paid 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 was Friday, June 12th. WESCO International’s payout ratio is 13.82%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. DA Davidson started coverage on WESCO International in a report on Tuesday, June 16th. They set a “buy” rating and a $440.00 price target for the company. Stephens upgraded WESCO International from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $350.00 to $400.00 in a research note on Tuesday, July 14th. Wall Street Zen cut WESCO International from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. KeyCorp lifted their target price on WESCO International from $340.00 to $415.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Finally, Royal Bank Of Canada boosted their target price on WESCO International from $421.00 to $430.00 and gave the stock an “outperform” rating in a report on Friday. Eight research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $356.88.

About WESCO International

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.