Pallas Capital Advisors LLC Invests $998,000 in WESCO International, Inc. $WCC

Pallas Capital Advisors LLC bought a new stake in WESCO International, Inc. (NYSE:WCC) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,890 shares of the technology company’s stock, valued at approximately $998,000.

A number of other large investors have also added to or reduced their stakes in WCC. Trust Point Inc. increased its stake in WESCO International by 4.5% during the 2nd quarter. Trust Point Inc. now owns 771 shares of the technology company’s stock worth $266,000 after buying an additional 33 shares during the period. Cornerstone Planning Group LLC boosted its position 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 buying an additional 51 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of WESCO International by 2.4% during the first quarter. Bessemer Group Inc. now owns 2,214 shares of the technology company’s stock valued at $606,000 after acquiring an additional 51 shares in the last quarter. Lazard Asset Management LLC grew its stake in shares of WESCO International by 1.4% during the second quarter. Lazard Asset Management LLC now owns 4,006 shares of the technology company’s stock valued at $740,000 after acquiring an additional 54 shares in the last quarter. Finally, Parallel Advisors LLC increased its position in shares of WESCO International by 11.5% during the fourth quarter. Parallel Advisors LLC now owns 581 shares of the technology company’s stock worth $142,000 after acquiring an additional 60 shares during the last quarter. 93.75% of the stock is owned by institutional investors and hedge funds.

WESCO International Price Performance

Shares of WCC stock opened at $349.08 on Wednesday. The firm has a fifty day moving average of $343.44 and a two-hundred day moving average of $321.76. The firm has a market cap of $17.01 billion, a P/E ratio of 24.12, a P/E/G ratio of 2.15 and a beta of 1.54. WESCO International, Inc. has a 1-year low of $203.40 and a 1-year high of $385.37. 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 (NYSE:WCC) last issued its earnings results on Thursday, July 30th. The technology company reported $4.57 earnings per share (EPS) for the quarter, beating 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 quarter in the prior year, the business posted $3.83 EPS. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. As a group, research analysts anticipate that WESCO International, Inc. will post 16.82 earnings per share for the current fiscal year.

WESCO International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 12th were paid 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 13.82%.

Insider Activity at WESCO International

In other WESCO International news, Director Laura K. Thompson sold 270 shares of the stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $368.45, for a total transaction of $99,481.50. Following the transaction, the director owned 10,720 shares of the company’s stock, valued at $3,949,784. This trade represents a 2.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Daniel J. Castillo bought 960 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was purchased at an average price of $365.89 per share, with a total value of $351,254.40. Following the transaction, the executive vice president owned 16,305 shares in the company, valued at approximately $5,965,836.45. This represents a 6.26% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 2.60% of the company’s stock.

Analyst Upgrades and Downgrades

WCC has been the topic of several recent analyst reports. Barclays boosted their price target on WESCO International from $376.00 to $390.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. Stephens upgraded WESCO International from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $350.00 to $400.00 in a research note on Tuesday, July 14th. KeyCorp lifted their price objective on WESCO International from $340.00 to $415.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Zacks Research raised WESCO International from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd. Finally, Wall Street Zen cut WESCO International from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. One analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price 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.