Deutsche Bank AG Purchases Shares of 12,214 WESCO International, Inc. $WCC

Deutsche Bank AG purchased a new position in WESCO International, Inc. (NYSE:WCC) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 12,214 shares of the technology company’s stock, valued at approximately $4,219,000.

Several other institutional investors and hedge funds also recently made changes to their positions in WCC. Perigon Wealth Management LLC acquired a new position in shares of WESCO International during the second quarter valued at about $613,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in WESCO International during the second quarter worth about $38,000. Bell Investment Advisors Inc bought a new position in WESCO International during the second quarter valued at about $26,000. Chase Investment Counsel Corp acquired a new position in WESCO International in the 2nd quarter valued at approximately $11,079,000. Finally, Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of WESCO International in the 2nd quarter worth approximately $41,561,000. Institutional investors own 93.75% of the company’s stock.

Insider Transactions at WESCO International

In other news, EVP Akash Khurana sold 3,400 shares of WESCO International stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $366.78, for a total transaction of $1,247,052.00. Following the completion of the sale, the executive vice president owned 27,404 shares in the company, valued at $10,051,239.12. The trade was a 11.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Daniel J. Castillo purchased 960 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were acquired at an average cost of $365.89 per share, with a total value of $351,254.40. Following the completion of the purchase, the executive vice president owned 16,305 shares of the company’s stock, valued at $5,965,836.45. The trade was a 6.26% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 2.60% of the stock is owned by corporate insiders.

WESCO International Stock Up 0.7%

NYSE WCC opened at $339.38 on Wednesday. The stock’s 50 day simple moving average is $343.01 and its 200 day simple moving average is $323.32. WESCO International, Inc. has a one year low of $203.40 and a one year high of $385.37. The firm has a market cap of $16.54 billion, a PE ratio of 23.45, a price-to-earnings-growth ratio of 2.01 and a beta of 1.54. 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 quarterly earnings results on Thursday, July 30th. The technology company reported $4.57 earnings per share (EPS) for the quarter, topping 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 business had revenue of $6.67 billion for the quarter, compared to the consensus estimate of $6.44 billion. During the same quarter in the prior year, the company earned $3.83 EPS. The firm’s quarterly 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. As a group, sell-side analysts forecast that WESCO International, Inc. will post 16.77 earnings per share for the current fiscal year.

WESCO International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 12th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, June 12th. WESCO International’s dividend payout ratio (DPR) is 13.82%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on WCC shares. Royal Bank Of Canada upped their target price on WESCO International from $421.00 to $430.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. 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. Barclays boosted their price target on shares of WESCO International from $376.00 to $390.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Zacks Research upgraded shares of WESCO International from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. Finally, Wall Street Zen downgraded shares of WESCO International from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. One analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. Based on data from MarketBeat.com, WESCO International currently 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.