Hennessy Advisors Inc. Acquires Shares of 26,600 WESCO International, Inc. $WCC

Hennessy Advisors Inc. purchased a new stake in WESCO International, Inc. (NYSE:WCC) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 26,600 shares of the technology company’s stock, valued at approximately $9,188,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC grew its position in shares of WESCO International by 92.7% during the 4th quarter. Cornerstone Planning Group LLC now owns 106 shares of the technology company’s stock worth $26,000 after buying an additional 51 shares during the period. Bell Investment Advisors Inc acquired a new stake in WESCO International during the 2nd quarter worth $26,000. Transamerica Financial Advisors LLC acquired a new stake in WESCO International during the 2nd quarter worth $27,000. Brown Brothers Harriman & Co. raised its position in shares of WESCO International by 166.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 133 shares of the technology company’s stock valued at $28,000 after acquiring an additional 83 shares during the last quarter. Finally, Torren Management LLC acquired a new position in shares of WESCO International in the 4th quarter valued at $32,000. 93.75% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Barclays upped their price objective on WESCO International from $376.00 to $390.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Stephens raised WESCO International from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $350.00 to $400.00 in a research note on Tuesday, July 14th. Zacks Research upgraded shares of WESCO International from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd. DA Davidson started coverage on shares of WESCO International in a research note on Tuesday, June 16th. They set a “buy” rating and a $440.00 price objective on the stock. Finally, Wall Street Zen cut shares of WESCO International from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. 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 data from MarketBeat, WESCO International currently has a consensus rating of “Buy” and an average target price of $374.29.

Insiders Place Their Bets

In other WESCO International news, EVP Daniel J. Castillo purchased 960 shares of the 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 transaction, the executive vice president owned 16,305 shares in the company, valued at $5,965,836.45. The trade was a 6.26% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Laura K. Thompson sold 270 shares of WESCO International stock in a transaction that occurred 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 completion of the sale, the director owned 10,720 shares of the company’s stock, valued at approximately $3,949,784. The trade was a 2.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.60% of the company’s stock.

WESCO International Trading Down 4.1%

WESCO International stock opened at $336.34 on Friday. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.09 and a quick ratio of 1.23. The firm has a 50-day moving average of $342.01 and a 200-day moving average of $323.99. The company has a market cap of $16.39 billion, a price-to-earnings ratio of 23.24, a P/E/G ratio of 2.01 and a beta of 1.54. WESCO International, Inc. has a one year low of $203.40 and a one year high of $385.37.

WESCO International (NYSE:WCC) last posted 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 firm had revenue of $6.67 billion for the quarter, compared to analyst estimates of $6.44 billion. During the same period in the prior year, the firm posted $3.83 earnings per share. The company’s quarterly revenue 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. On average, equities analysts expect that WESCO International, Inc. will post 16.77 earnings per share for the current fiscal year.

WESCO International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, September 11th. This represents a $2.00 annualized dividend and a yield of 0.6%. WESCO International’s dividend payout ratio (DPR) is presently 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.