Empowered Funds LLC Makes New Investment in WESCO International, Inc. $WCC

Empowered Funds LLC bought a new stake in WESCO International, Inc. (NYSE:WCC) during the second quarter, HoldingsChannel reports. The institutional investor bought 16,080 shares of the technology company’s stock, valued at approximately $5,555,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Cornerstone Planning Group LLC increased its holdings in WESCO International by 92.7% in the 4th quarter. Cornerstone Planning Group LLC now owns 106 shares of the technology company’s stock worth $26,000 after acquiring an additional 51 shares during the last quarter. Bell Investment Advisors Inc bought a new stake in WESCO International during the 2nd quarter worth approximately $26,000. Transamerica Financial Advisors LLC purchased a new position in shares of WESCO International during the 2nd quarter valued at $27,000. Brown Brothers Harriman & Co. increased its holdings in shares of WESCO International by 166.0% in the third quarter. Brown Brothers Harriman & Co. now owns 133 shares of the technology company’s stock worth $28,000 after purchasing an additional 83 shares during the period. Finally, Jones Financial Companies Lllp purchased a new stake in shares of WESCO International in the second quarter worth $36,000. 93.75% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Akash Khurana sold 3,400 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $366.78, for a total value of $1,247,052.00. Following the transaction, the executive vice president directly owned 27,404 shares of the company’s stock, valued at approximately $10,051,239.12. This trade represents a 11.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Daniel J. Castillo purchased 960 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were bought at an average cost of $365.89 per share, with a total value of $351,254.40. Following the acquisition, the executive vice president directly owned 16,305 shares of the company’s stock, valued at $5,965,836.45. This trade represents a 6.26% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 2.60% of the company’s stock.

WESCO International Trading Down 0.0%

Shares of NYSE:WCC opened at $336.34 on Monday. The stock’s 50-day simple moving average is $342.01 and its two-hundred day simple moving average is $324.14. The stock has a market capitalization of $16.39 billion, a price-to-earnings ratio of 23.24, a PEG ratio of 2.01 and a beta of 1.54. WESCO International, Inc. has a 52-week low of $203.40 and a 52-week high of $385.37. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.23 and a current ratio of 2.09.

WESCO International (NYSE:WCC) last released its quarterly earnings results on Thursday, July 30th. The technology company reported $4.57 EPS for the quarter, beating the consensus estimate of $3.98 by $0.59. WESCO International had a net margin of 2.84% and a return on equity of 14.95%. The firm had revenue of $6.67 billion during the quarter, compared to analyst estimates of $6.44 billion. During the same quarter in the prior year, the firm earned $3.83 EPS. The business’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. Analysts expect that WESCO International, Inc. will post 16.77 EPS for the current year.

WESCO International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Friday, September 11th. WESCO International’s dividend payout ratio is currently 13.82%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Zacks Research raised WESCO International from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. 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 shares of WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 17th. Stephens upgraded WESCO International from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $350.00 to $400.00 in a research note on Tuesday, July 14th. Finally, Barclays upped their target price on shares of WESCO International from $376.00 to $390.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company’s stock. According to MarketBeat, WESCO International has a consensus rating of “Buy” and a consensus price target 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.