25,202 Shares in WESCO International, Inc. $WCC Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC acquired a new stake in shares of WESCO International, Inc. (NYSE:WCC) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 25,202 shares of the technology company’s stock, valued at approximately $8,745,000. Hsbc Holdings PLC owned 0.05% of WESCO International as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of WESCO International in the 2nd quarter valued at $3,094,634,000. Bank of New York Mellon Corp increased its position in shares of WESCO International by 10.3% in the 1st quarter. Bank of New York Mellon Corp now owns 907,473 shares of the technology company’s stock valued at $248,303,000 after buying an additional 84,905 shares in the last quarter. Geode Capital Management LLC raised its stake in WESCO International by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 864,237 shares of the technology company’s stock worth $211,473,000 after buying an additional 14,739 shares during the period. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in WESCO International during the 2nd quarter worth $175,189,000. Finally, Vaughan Nelson Investment Management L.P. lifted its holdings in WESCO International by 8.4% during 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 acquiring an additional 31,210 shares in the last quarter. 93.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on WCC. Weiss Ratings upgraded WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 17th. KeyCorp lifted their price objective on WESCO International from $340.00 to $415.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Wall Street Zen lowered WESCO International from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. DA Davidson started coverage on WESCO International in a research note on Tuesday, June 16th. They set a “buy” rating and a $440.00 target price for the company. Finally, Royal Bank Of Canada raised their target price on shares of WESCO International from $421.00 to $430.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $374.29.

WESCO International Stock Down 4.1%

WESCO International stock opened at $336.34 on Friday. The company has a current ratio of 2.09, a quick ratio of 1.23 and a debt-to-equity ratio of 1.13. WESCO International, Inc. has a 1-year low of $203.40 and a 1-year high of $385.37. The company has a fifty day simple moving average of $342.01 and a 200 day simple moving average of $323.99. The company has a market cap of $16.39 billion, a P/E ratio of 23.24, a price-to-earnings-growth ratio of 2.09 and a beta of 1.54.

WESCO International (NYSE:WCC) last issued its quarterly earnings results on Thursday, July 30th. The technology company reported $4.57 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 firm had revenue of $6.67 billion for the quarter, compared to analysts’ expectations of $6.44 billion. During the same period in the previous year, the firm posted $3.83 EPS. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. Research analysts anticipate that WESCO International, Inc. will post 16.77 earnings per share for the current fiscal year.

WESCO International Announces Dividend

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

Insider Activity at WESCO International

In other WESCO International news, EVP Akash Khurana sold 3,400 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $366.78, for a total transaction of $1,247,052.00. Following the transaction, the executive vice president owned 27,404 shares of the company’s stock, valued at $10,051,239.12. The trade was a 11.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Laura K. Thompson sold 270 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $368.45, for a total value of $99,481.50. Following the sale, the director owned 10,720 shares in the company, valued at approximately $3,949,784. This represents a 2.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 2.60% of the company’s stock.

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.