Corient Private Wealth LP Purchases Shares of 49,126 WESCO International, Inc. $WCC

Corient Private Wealth LP purchased a new stake in shares of WESCO International, Inc. (NYSE:WCC) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 49,126 shares of the technology company’s stock, valued at approximately $16,970,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its position in WESCO International by 95.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 753 shares of the technology company’s stock valued at $139,000 after acquiring an additional 368 shares during the period. Gamco Investors INC. ET AL acquired a new position in WESCO International during the 2nd quarter worth $573,000. California State Teachers Retirement System grew its stake in shares of WESCO International by 0.8% in the second quarter. California State Teachers Retirement System now owns 45,604 shares of the technology company’s stock worth $8,446,000 after purchasing an additional 365 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of WESCO International by 516.8% in the second quarter. BNP Paribas Financial Markets now owns 41,354 shares of the technology company’s stock worth $7,659,000 after purchasing an additional 34,649 shares in the last quarter. Finally, Lazard Asset Management LLC increased its holdings in shares of WESCO International by 1.4% during the second quarter. Lazard Asset Management LLC now owns 4,006 shares of the technology company’s stock valued at $740,000 after purchasing an additional 54 shares during the period. 93.75% of the stock is owned by institutional investors.

Insider Transactions at WESCO International

In related news, Director Laura K. Thompson sold 270 shares of the business’s stock in a transaction that occurred 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 sale, the director directly owned 10,720 shares in the company, valued at $3,949,784. The trade was a 2.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Daniel J. Castillo purchased 960 shares of the company’s stock in a transaction on Tuesday, August 4th. The stock was bought at an average cost of $365.89 per share, for a total transaction of $351,254.40. Following the acquisition, the executive vice president directly owned 16,305 shares of the company’s stock, valued at $5,965,836.45. This represents a 6.26% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 2.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on WCC shares. Zacks Research upgraded shares of WESCO International from a “hold” rating to a “strong-buy” 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 target price for the company from $350.00 to $400.00 in a research note on Tuesday, July 14th. KeyCorp boosted their price target on shares of WESCO International from $340.00 to $415.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. DA Davidson started coverage on shares of WESCO International in a research note on Tuesday, June 16th. They issued a “buy” rating and a $440.00 price target for the company. Finally, Weiss Ratings upgraded shares of WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 17th. 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 has a consensus rating of “Buy” and an average price target of $374.29.

WESCO International Trading Down 4.1%

Shares of WESCO International stock opened at $336.34 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. The firm has a market cap of $16.39 billion, a price-to-earnings ratio of 23.24, a price-to-earnings-growth ratio of 2.09 and a beta of 1.54. The business has a fifty day simple moving average of $342.01 and a 200-day simple moving average of $323.99. WESCO International, Inc. has a fifty-two week low of $203.40 and a fifty-two week high of $385.37.

WESCO International (NYSE:WCC) last released its earnings results on Thursday, July 30th. The technology company reported $4.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.98 by $0.59. WESCO International had a return on equity of 14.95% and a net margin of 2.84%.The firm had revenue of $6.67 billion for the quarter, compared to analyst estimates of $6.44 billion. During the same period in the previous year, the company earned $3.83 earnings per share. WESCO International’s revenue was up 13.0% compared to the same quarter last year. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. On average, equities analysts forecast that WESCO International, Inc. will post 16.77 EPS for the current fiscal year.

WESCO International Announces Dividend

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

About WESCO International

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.