Perigon Wealth Management LLC Invests $613,000 in WESCO International, Inc. $WCC

Perigon Wealth Management LLC purchased a new position in WESCO International, Inc. (NYSE:WCC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,774 shares of the technology company’s stock, valued at approximately $613,000.

Several other institutional investors also recently added to or reduced their stakes in WCC. Cornerstone Planning Group LLC increased its holdings in WESCO International by 92.7% during the fourth 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 last quarter. Bell Investment Advisors Inc purchased a new position in WESCO International in the second quarter valued at about $26,000. Brown Brothers Harriman & Co. grew its position 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 valued at $28,000 after acquiring an additional 83 shares during the period. Torren Management LLC bought a new position in shares of WESCO International during the 4th quarter valued at approximately $32,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of WESCO International during the 2nd quarter worth approximately $38,000. Institutional investors own 93.75% of the company’s stock.

Insider Buying and Selling

In other news, EVP Daniel J. Castillo bought 960 shares of the stock in a transaction on Tuesday, August 4th. The shares were acquired at an average cost of $365.89 per share, for a total transaction of $351,254.40. Following the purchase, the executive vice president directly owned 16,305 shares of the company’s stock, valued at $5,965,836.45. This trade represents a 6.26% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Laura K. Thompson sold 270 shares of the firm’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $368.45, for a total transaction of $99,481.50. Following the completion of the transaction, the director directly owned 10,720 shares of the company’s stock, valued at approximately $3,949,784. The trade was a 2.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.60% of the stock is currently owned by insiders.

WESCO International Stock Down 1.6%

Shares of NYSE WCC opened at $343.70 on Thursday. 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 company has a market cap of $16.75 billion, a P/E ratio of 23.75, a P/E/G ratio of 2.08 and a beta of 1.54. WESCO International, Inc. has a 52 week low of $203.40 and a 52 week high of $385.37. The business has a 50-day simple moving average of $343.62 and a two-hundred day simple moving average of $322.12.

WESCO International (NYSE:WCC) last announced its quarterly earnings results on Thursday, July 30th. The technology company reported $4.57 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $6.44 billion. During the same period in the prior year, the business posted $3.83 earnings per share. The company’s revenue 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 16.82 earnings per share for the current fiscal year.

WESCO International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 12th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Friday, June 12th. WESCO International’s dividend payout ratio is 13.82%.

Wall Street Analyst Weigh In

WCC has been the topic of a number of research reports. Wall Street Zen cut shares of WESCO International from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Royal Bank Of Canada raised their target price on WESCO International from $421.00 to $430.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. DA Davidson assumed coverage on WESCO International in a research report on Tuesday, June 16th. They issued a “buy” rating and a $440.00 target price for the company. Stephens upgraded WESCO International from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $350.00 to $400.00 in a research note on Tuesday, July 14th. Finally, Zacks Research raised WESCO International from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. Based on data from MarketBeat.com, WESCO International presently has an average rating of “Buy” and a consensus target price of $374.29.

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.