Northwestern Mutual Wealth Management Co. Buys New Shares in WESCO International, Inc. $WCC

Northwestern Mutual Wealth Management Co. bought a new position in shares of WESCO International, Inc. (NYSE:WCC) in the 2nd quarter, Holdings Channel.com reports. The firm bought 7,093 shares of the technology company’s stock, valued at approximately $2,450,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. lifted its position in shares of WESCO International by 8.4% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 404,730 shares of the technology company’s stock worth $110,742,000 after buying an additional 31,210 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of WESCO International by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 864,237 shares of the technology company’s stock valued at $211,473,000 after acquiring an additional 14,739 shares during the last quarter. BlackRock Inc. purchased a new position in shares of WESCO International in the second quarter valued at $3,094,634,000. Van Lanschot Kempen Investment Management N.V. increased its position in WESCO International by 74.8% in the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 186,012 shares of the technology company’s stock worth $45,506,000 after purchasing an additional 79,612 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado raised its stake in WESCO International by 1,674.7% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 88,645 shares of the technology company’s stock valued at $21,686,000 after purchasing an additional 83,650 shares in the last quarter. 93.75% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Daniel J. Castillo acquired 960 shares of WESCO International stock in a transaction that occurred on Tuesday, August 4th. The shares were purchased at an average cost of $365.89 per share, for a total transaction of $351,254.40. Following the acquisition, the executive vice president owned 16,305 shares in the company, valued at approximately $5,965,836.45. This represents a 6.26% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Laura K. Thompson sold 270 shares of the 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 of the company’s stock, valued at $3,949,784. The trade was a 2.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.60% of the stock is owned by insiders.

WESCO International Stock Performance

Shares of WCC stock opened at $337.07 on Tuesday. 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, Inc. has a 1 year low of $203.40 and a 1 year high of $385.37. The firm has a market capitalization of $16.43 billion, a price-to-earnings ratio of 23.29, a price-to-earnings-growth ratio of 2.08 and a beta of 1.54. The business has a fifty day moving average of $343.34 and a 200 day moving average of $323.05.

WESCO International (NYSE:WCC) last issued its quarterly earnings data on Thursday, July 30th. The technology company reported $4.57 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $6.44 billion. During the same quarter last year, the company earned $3.83 EPS. The business’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. As a group, research analysts expect that WESCO International, Inc. will post 16.77 earnings per share for the current year.

WESCO International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 12th were given a dividend of $0.50 per share. 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 payout ratio is presently 13.82%.

Analyst Upgrades and Downgrades

WCC has been the subject of several analyst reports. KeyCorp raised their price objective on WESCO International from $340.00 to $415.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Wall Street Zen cut shares of WESCO International from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Barclays lifted their price target 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. Stephens raised shares of WESCO International from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $350.00 to $400.00 in a research note on Tuesday, July 14th. Finally, DA Davidson assumed coverage on WESCO International in a research note on Tuesday, June 16th. They set a “buy” rating and a $440.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price 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.