WESCO International, Inc. $WCC Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB boosted its position in shares of WESCO International, Inc. (NYSE:WCC) by 10.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 194,893 shares of the technology company’s stock after purchasing an additional 18,377 shares during the period. Handelsbanken Fonder AB owned approximately 0.40% of WESCO International worth $41,220,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in WCC. SG Americas Securities LLC raised its position in WESCO International by 172.5% in the third quarter. SG Americas Securities LLC now owns 10,742 shares of the technology company’s stock valued at $2,272,000 after purchasing an additional 6,800 shares during the period. Regency Capital Management Inc. DE purchased a new position in shares of WESCO International during the 3rd quarter worth $3,215,000. Rhumbline Advisers increased its position in shares of WESCO International by 4.9% during the 3rd quarter. Rhumbline Advisers now owns 127,991 shares of the technology company’s stock worth $27,070,000 after purchasing an additional 5,961 shares during the last quarter. Norman Fields Gottscho Capital Management LLC raised its holdings in WESCO International by 112.7% in the 3rd quarter. Norman Fields Gottscho Capital Management LLC now owns 13,785 shares of the technology company’s stock valued at $2,916,000 after buying an additional 7,303 shares during the period. Finally, Impax Asset Management Group plc purchased a new stake in WESCO International in the 3rd quarter valued at about $1,082,000. Hedge funds and other institutional investors own 93.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on WCC shares. Barclays increased their target price on shares of WESCO International from $302.00 to $313.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. KeyCorp set a $340.00 price objective on shares of WESCO International in a research report on Wednesday, February 11th. Wall Street Zen cut WESCO International from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Weiss Ratings restated a “hold (c+)” rating on shares of WESCO International in a research report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. lifted their price objective on WESCO International from $260.00 to $290.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $276.00.

WESCO International Trading Down 2.1%

WCC opened at $289.65 on Friday. The business has a fifty day moving average price of $281.92 and a 200 day moving average price of $250.36. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.20 and a quick ratio of 1.27. WESCO International, Inc. has a 12 month low of $125.21 and a 12 month high of $319.67. The stock has a market capitalization of $14.09 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 1.90 and a beta of 1.45.

WESCO International (NYSE:WCC) last announced its quarterly earnings data on Tuesday, February 10th. The technology company reported $3.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.82 by ($0.42). WESCO International had a net margin of 2.72% and a return on equity of 13.00%. The company had revenue of $6.07 billion during the quarter, compared to analysts’ expectations of $6.03 billion. During the same quarter in the previous year, the business posted $3.16 EPS. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. WESCO International has set its FY 2026 guidance at 14.500-16.500 EPS. Sell-side analysts expect that WESCO International, Inc. will post 13.3 earnings per share for the current fiscal year.

WESCO International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, March 13th. This is a positive change from WESCO International’s previous quarterly dividend of $0.45. WESCO International’s dividend payout ratio (DPR) is 13.94%.

Insider Activity

In other news, EVP Diane Lazzaris sold 2,747 shares of WESCO International stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $302.61, for a total transaction of $831,269.67. Following the completion of the sale, the executive vice president directly owned 28,865 shares of the company’s stock, valued at approximately $8,734,837.65. The trade was a 8.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 20,114 shares of company stock worth $6,128,353. 3.30% of the stock is currently owned by insiders.

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.