Focus Partners Advisor Solutions LLC Makes New $702,000 Investment in WESCO International, Inc. $WCC

Focus Partners Advisor Solutions LLC bought a new position in WESCO International, Inc. (NYSE:WCC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,031 shares of the technology company’s stock, valued at approximately $702,000.

Several other hedge funds have also modified their holdings of WCC. Cornerstone Planning Group LLC increased its holdings in shares of WESCO International by 92.7% in the fourth 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 in the last quarter. Torren Management LLC bought a new position in WESCO International in the 4th quarter worth approximately $32,000. Brown Brothers Harriman & Co. lifted its holdings in WESCO International by 166.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 133 shares of the technology company’s stock worth $28,000 after buying an additional 83 shares in the last quarter. Hilton Head Capital Partners LLC acquired a new position in WESCO International during the 4th quarter worth $39,000. Finally, Los Angeles Capital Management LLC bought a new position in WESCO International in the 4th quarter valued at $56,000. 93.75% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Daniel J. Castillo purchased 960 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were acquired at an average cost of $365.89 per share, for a total transaction of $351,254.40. Following the transaction, the executive vice president directly 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. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Laura K. Thompson sold 270 shares of WESCO International 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 directly owned 10,720 shares in the company, valued at $3,949,784. The trade was a 2.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 2.60% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. KeyCorp lifted their target price on WESCO International from $340.00 to $415.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Royal Bank Of Canada raised their price target on WESCO International from $421.00 to $430.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Zacks Research upgraded WESCO International from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd. Wall Street Zen cut WESCO International from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Finally, Weiss Ratings cut WESCO International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, WESCO International has a consensus rating of “Buy” and an average target price of $374.29.

WESCO International Stock Up 2.9%

Shares of WESCO International stock opened at $371.96 on Tuesday. The company has a quick ratio of 1.23, a current ratio of 2.09 and a debt-to-equity ratio of 1.13. WESCO International, Inc. has a 12 month low of $203.40 and a 12 month high of $385.37. The business has a fifty day simple moving average of $343.58 and a 200 day simple moving average of $321.36. The stock has a market cap of $18.13 billion, a PE ratio of 25.71, a price-to-earnings-growth ratio of 2.15 and a beta of 1.54.

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

WESCO International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 12th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.5%. WESCO International’s dividend payout ratio is 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.