Foster & Motley Inc. Purchases Shares of 1,841 WESCO International, Inc. $WCC

Foster & Motley Inc. acquired a new stake in shares of WESCO International, Inc. (NYSE:WCC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,841 shares of the technology company’s stock, valued at approximately $636,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Cornerstone Planning Group LLC grew its position in WESCO International by 92.7% in the fourth quarter. Cornerstone Planning Group LLC now owns 106 shares of the technology company’s stock worth $26,000 after acquiring an additional 51 shares in the last quarter. Bell Investment Advisors Inc bought a new stake in WESCO International during the second quarter worth about $26,000. Brown Brothers Harriman & Co. boosted its holdings in shares of WESCO International by 166.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 133 shares of the technology company’s stock worth $28,000 after purchasing an additional 83 shares in the last quarter. Torren Management LLC purchased a new position in shares of WESCO International in the 4th quarter worth about $32,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of WESCO International during the 2nd quarter valued at about $38,000. Hedge funds and other institutional investors own 93.75% of the company’s stock.

WESCO International Price Performance

Shares of WESCO International stock opened at $343.70 on Thursday. The company’s fifty day simple moving average is $343.62 and its two-hundred day simple moving average is $322.12. WESCO International, Inc. has a 12-month low of $203.40 and a 12-month high of $385.37. The firm has a market cap of $16.75 billion, a PE ratio of 23.75, a price-to-earnings-growth ratio of 2.08 and a beta of 1.54. 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 (NYSE:WCC) last announced its earnings results on Thursday, July 30th. The technology company reported $4.57 EPS for the quarter, beating analysts’ consensus estimates of $3.98 by $0.59. The company had revenue of $6.67 billion during the quarter, compared to the consensus estimate of $6.44 billion. WESCO International had a return on equity of 14.95% and a net margin of 2.84%.The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.83 earnings per share. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. As a group, equities analysts expect that WESCO International, Inc. will post 16.82 EPS for the current year.

WESCO International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 12th were given 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 0.6%. WESCO International’s dividend payout ratio is currently 13.82%.

Insider Buying and Selling

In other WESCO International news, EVP Daniel J. Castillo bought 960 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was acquired at an average price 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 approximately $5,965,836.45. This trade represents a 6.26% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Laura K. Thompson sold 270 shares of the firm’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $368.45, for a total value of $99,481.50. Following the transaction, the director owned 10,720 shares of the company’s stock, valued at $3,949,784. The trade was a 2.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on WCC shares. Weiss Ratings upgraded shares of WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Stephens raised shares of WESCO International from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock 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. Wall Street Zen cut WESCO International from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Finally, DA Davidson assumed coverage on WESCO International in a research note on Tuesday, June 16th. They issued a “buy” rating and a $440.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $374.29.

WESCO International Company 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.