WESCO International, Inc. $WCC Stake Lifted by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. lifted its stake in shares of WESCO International, Inc. (NYSE:WCC) by 8.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 404,730 shares of the technology company’s stock after acquiring an additional 31,210 shares during the quarter. WESCO International comprises about 1.1% of Vaughan Nelson Investment Management L.P.’s investment portfolio, making the stock its 24th biggest holding. Vaughan Nelson Investment Management L.P.’s holdings in WESCO International were worth $110,742,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In other WESCO International news, EVP Hemant Porwal sold 4,445 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $363.21, for a total value of $1,614,468.45. Following the completion of the sale, the executive vice president directly owned 16,618 shares of the company’s stock, valued at $6,035,823.78. This represents a 21.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Akash Khurana sold 4,000 shares of the firm’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $359.13, for a total transaction of $1,436,520.00. Following the completion of the sale, the executive vice president owned 30,775 shares in the company, valued at $11,052,225.75. This represents a 11.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 144,486 shares of company stock worth $51,846,641 in the last 90 days. 2.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on WCC shares. Barclays lifted their price objective on shares of WESCO International from $313.00 to $375.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. DA Davidson initiated coverage on WESCO International in a research report on Tuesday, June 16th. They issued a “buy” rating and a $440.00 price target for the company. Weiss Ratings upgraded WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Stephens raised 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. Finally, 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 research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, WESCO International currently has an average rating of “Buy” and a consensus price target of $334.56.

WESCO International Stock Up 0.1%

WCC opened at $365.78 on Monday. The company has a market capitalization of $17.82 billion, a PE ratio of 26.00, a price-to-earnings-growth ratio of 2.29 and a beta of 1.53. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.12 and a quick ratio of 1.22. WESCO International, Inc. has a fifty-two week low of $175.05 and a fifty-two week high of $377.90. The business has a 50-day moving average of $343.73 and a 200-day moving average of $299.68.

WESCO International (NYSE:WCC) last released its quarterly earnings data on Thursday, April 30th. The technology company reported $3.37 EPS for the quarter, topping analysts’ consensus estimates of $2.88 by $0.49. The firm had revenue of $6.08 billion for the quarter, compared to the consensus estimate of $5.86 billion. WESCO International had a return on equity of 13.82% and a net margin of 2.79%.The firm’s revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.21 earnings per share. WESCO International has set its FY 2026 guidance at 15.000-17.000 EPS. Equities research analysts forecast that WESCO International, Inc. will post 15.94 EPS for the current fiscal year.

WESCO International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 12th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, June 12th. WESCO International’s payout ratio is presently 14.21%.

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.