Sequoia Financial Advisors LLC Raises Stake in WESCO International, Inc. $WCC

Sequoia Financial Advisors LLC increased its holdings in shares of WESCO International, Inc. (NYSE:WCC) by 28.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,336 shares of the technology company’s stock after purchasing an additional 5,224 shares during the period. Sequoia Financial Advisors LLC’s holdings in WESCO International were worth $8,061,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Bell Investment Advisors Inc acquired a new stake in shares of WESCO International during the second quarter worth approximately $26,000. Transamerica Financial Advisors LLC acquired a new stake in shares of WESCO International in the 2nd quarter worth about $27,000. Jones Financial Companies Lllp acquired a new stake in shares of WESCO International in the second quarter valued at approximately $36,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in WESCO International during the 2nd quarter valued at $38,000. Finally, 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 worth $28,000 after buying an additional 83 shares in the last quarter. 93.75% of the stock is currently owned by institutional investors and hedge funds.

WESCO International Stock Up 3.8%

Shares of WCC stock opened at $357.07 on Friday. 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 stock has a 50 day moving average of $343.25 and a 200-day moving average of $327.22. The firm has a market cap of $17.40 billion, a PE ratio of 24.68, a price-to-earnings-growth ratio of 2.04 and a beta of 1.53.

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 company had revenue of $6.67 billion for the quarter, compared to analyst estimates of $6.44 billion. During the same period last year, the business posted $3.83 EPS. The business’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. On average, equities analysts predict that WESCO International, Inc. will post 16.89 EPS for the current year.

WESCO International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 11th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, September 11th. WESCO International’s dividend payout ratio (DPR) is 13.82%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on WCC shares. DA Davidson started coverage on shares of WESCO International in a research report on Tuesday, June 16th. They issued a “buy” rating and a $440.00 price target on the stock. Royal Bank Of Canada boosted their target price on shares of WESCO International from $421.00 to $430.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Zacks Research upgraded WESCO International from a “hold” rating to a “strong-buy” rating in a report on Monday, August 3rd. Weiss Ratings lowered WESCO International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, September 1st. Finally, Stephens raised shares of WESCO International from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $350.00 to $400.00 in a research report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $394.17.

Insider Transactions at WESCO International

In other news, EVP Akash Khurana sold 3,400 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $366.78, for a total value of $1,247,052.00. Following the sale, the executive vice president owned 27,404 shares in the company, valued at approximately $10,051,239.12. The trade was a 11.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Laura K. Thompson sold 270 shares of the company’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $368.45, for a total transaction of $99,481.50. Following the sale, the director directly owned 10,720 shares in the company, valued at $3,949,784. This represents 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 insiders.

About WESCO International

WESCO International, Inc is a business-to-business distributor and supply chain solutions provider serving the electrical, communications, security, utility and broadband industries. The company supplies products such as electrical and electronic components, wire and cable, lighting, automation equipment, network infrastructure, security systems, safety products and utility equipment.

Through its distribution operations and supply chain services, WESCO helps commercial, industrial, institutional, utility and government customers manage procurement, inventory, logistics and other aspects of their operations.