Kennedy Capital Management LLC Sells 41,207 Shares of WESCO International, Inc. $WCC

Kennedy Capital Management LLC lessened its holdings in WESCO International, Inc. (NYSE:WCC) by 51.5% during the fourth quarter, Holdings Channel reports. The fund owned 38,855 shares of the technology company’s stock after selling 41,207 shares during the period. Kennedy Capital Management LLC’s holdings in WESCO International were worth $9,505,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Greenleaf Trust raised its stake in WESCO International by 1.6% in the 4th quarter. Greenleaf Trust now owns 2,646 shares of the technology company’s stock valued at $647,000 after acquiring an additional 41 shares during the period. Cornerstone Planning Group LLC boosted its holdings 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. Lazard Asset Management LLC boosted its holdings in shares of WESCO International by 1.4% during the 2nd quarter. Lazard Asset Management LLC now owns 4,006 shares of the technology company’s stock worth $740,000 after buying an additional 54 shares during the period. Parallel Advisors LLC boosted its holdings in shares of WESCO International by 11.5% during the 4th quarter. Parallel Advisors LLC now owns 581 shares of the technology company’s stock worth $142,000 after buying an additional 60 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its holdings 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 during the period. Institutional investors own 93.75% of the company’s stock.

Insider Activity at WESCO International

In other news, EVP Christine Ann Wolf sold 2,549 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $355.25, for a total transaction of $905,532.25. Following the completion of the sale, the executive vice president owned 29,570 shares of the company’s stock, valued at approximately $10,504,742.50. This represents a 7.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Hemant Porwal sold 4,445 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $363.21, for a total transaction of $1,614,468.45. Following the sale, the executive vice president directly owned 16,618 shares of the company’s stock, valued at approximately $6,035,823.78. This trade represents a 21.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 144,486 shares of company stock worth $51,846,641 in the last 90 days. Corporate insiders own 2.60% of the company’s stock.

WESCO International Stock Performance

NYSE WCC opened at $346.32 on Monday. The company has a quick ratio of 1.22, a current ratio of 2.12 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $16.87 billion, a P/E ratio of 24.61, a P/E/G ratio of 2.18 and a beta of 1.53. WESCO International, Inc. has a 12-month low of $171.36 and a 12-month high of $377.90. The firm has a 50-day moving average price of $336.07 and a two-hundred day moving average price of $296.41.

WESCO International (NYSE:WCC) last posted its quarterly earnings data on Thursday, April 30th. The technology company reported $3.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.88 by $0.49. The firm had revenue of $6.08 billion during the quarter, compared to the consensus estimate of $5.86 billion. WESCO International had a net margin of 2.79% and a return on equity of 13.82%. The business’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.21 EPS. WESCO International has set its FY 2026 guidance at 15.000-17.000 EPS. Analysts anticipate that WESCO International, Inc. will post 15.9 earnings per share for the current year.

WESCO International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 12th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, June 12th. WESCO International’s dividend payout ratio is 14.21%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. KeyCorp lifted their target price on shares of WESCO International from $340.00 to $415.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Stephens lifted their target price on shares of WESCO International from $275.00 to $350.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Weiss Ratings raised shares of WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Royal Bank Of Canada lifted their target price on shares of WESCO International from $352.00 to $411.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Finally, Barclays boosted their price objective on shares of WESCO International from $313.00 to $375.00 and gave the company an “overweight” rating in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, WESCO International has an average rating of “Buy” and a consensus price target of $321.38.

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.