Global Retirement Partners LLC Invests $659,000 in WESCO International, Inc. $WCC

Global Retirement Partners LLC purchased a new position in shares of WESCO International, Inc. (NYSE:WCC) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 1,907 shares of the technology company’s stock, valued at approximately $659,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vaughan Nelson Investment Management L.P. boosted its stake in shares of 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 purchasing an additional 31,210 shares during the period. Geode Capital Management LLC increased its stake in WESCO International by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 864,237 shares of the technology company’s stock worth $211,473,000 after buying an additional 14,739 shares during the period. Van Lanschot Kempen Investment Management N.V. increased its stake in WESCO International by 74.8% during the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 186,012 shares of the technology company’s stock worth $45,506,000 after buying an additional 79,612 shares during the period. Quent Long Short Global Small Cap Fund LP acquired a new stake in WESCO International during the 4th quarter worth approximately $858,000. Finally, Bank of New York Mellon Corp boosted its position in WESCO International by 4.8% in the 4th quarter. Bank of New York Mellon Corp now owns 822,568 shares of the technology company’s stock valued at $201,233,000 after buying an additional 37,972 shares during the period. 93.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on WCC shares. Barclays increased 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. Royal Bank Of Canada boosted their price objective on WESCO International from $421.00 to $430.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Zacks Research upgraded shares of WESCO International from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. KeyCorp raised their target price on shares of WESCO International from $340.00 to $415.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Finally, Stephens upgraded shares of WESCO International from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $350.00 to $400.00 in a research note on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $374.29.

Insider Activity at WESCO International

In related news, Director Laura K. Thompson sold 270 shares of WESCO International stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $368.45, for a total transaction of $99,481.50. Following the sale, the director directly owned 10,720 shares in the company, valued at $3,949,784. This trade represents a 2.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel J. Castillo acquired 960 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were purchased at an average cost 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 approximately $5,965,836.45. The trade was a 6.26% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 2.60% of the stock is currently owned by insiders.

WESCO International Stock Performance

NYSE:WCC opened at $349.08 on Wednesday. The firm has a market capitalization of $17.01 billion, a PE ratio of 24.12, a price-to-earnings-growth ratio of 2.15 and a beta of 1.54. The business’s fifty day moving average price is $343.44 and its 200 day moving average price is $321.76. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.09 and a quick ratio of 1.23. WESCO International, Inc. has a 12 month low of $203.40 and a 12 month high of $385.37.

WESCO International (NYSE:WCC) last announced its quarterly earnings results on Thursday, July 30th. The technology company reported $4.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.98 by $0.59. The company had revenue of $6.67 billion during the quarter, compared to the consensus estimate of $6.44 billion. WESCO International had a return on equity of 14.95% and a net margin of 2.84%.WESCO International’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the previous year, the business earned $3.83 EPS. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. On average, sell-side analysts anticipate that WESCO International, Inc. will post 16.82 earnings per share for the current fiscal year.

WESCO International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 12th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Friday, June 12th. WESCO International’s payout ratio is currently 13.82%.

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.