26,600 Shares in WESCO International, Inc. $WCC Purchased by Hennessy Advisors Inc.

Hennessy Advisors Inc. bought a new stake in shares of WESCO International, Inc. (NYSE:WCC) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 26,600 shares of the technology company’s stock, valued at approximately $9,188,000. Hennessy Advisors Inc. owned approximately 0.05% of WESCO International at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in WCC. BlackRock Inc. purchased a new position in WESCO International during the second quarter valued at approximately $3,094,634,000. Bank of New York Mellon Corp lifted its position in 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 worth $248,303,000 after buying an additional 84,905 shares in the last quarter. Geode Capital Management LLC lifted its position in WESCO International by 1.7% in 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 in the last quarter. Bank of America Corp DE acquired a new stake in shares of WESCO International during the 2nd quarter valued at $296,304,000. Finally, Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of WESCO International during the 2nd quarter valued at $175,189,000. Institutional investors and hedge funds own 93.75% of the company’s stock.

WESCO International Price Performance

Shares of NYSE:WCC opened at $336.34 on Friday. The company has a market cap of $16.39 billion, a price-to-earnings ratio of 23.24, a PEG ratio of 2.01 and a beta of 1.54. The business has a 50 day moving average price of $342.01 and a 200 day moving average price of $323.99. The company has a quick ratio of 1.23, a current ratio of 2.09 and a debt-to-equity ratio of 1.13. WESCO International, Inc. has a twelve month low of $203.40 and a twelve month high of $385.37.

WESCO International (NYSE:WCC) last announced 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. The business had revenue of $6.67 billion for the quarter, compared to analyst estimates of $6.44 billion. WESCO International had a net margin of 2.84% and a return on equity of 14.95%. WESCO International’s revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.83 earnings per share. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. Research analysts predict that WESCO International, Inc. will post 16.77 earnings per share for the current year.

WESCO International Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on WCC. DA Davidson assumed coverage on WESCO International in a research note on Tuesday, June 16th. They issued a “buy” rating and a $440.00 target price on the stock. Wall Street Zen lowered WESCO International from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Royal Bank Of Canada boosted their price target on WESCO International from $421.00 to $430.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Weiss Ratings upgraded WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 17th. Finally, Barclays raised their price objective on shares of WESCO International from $376.00 to $390.00 and gave the company an “overweight” 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $374.29.

Insider Activity

In other WESCO International news, EVP Daniel J. Castillo purchased 960 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was purchased at an average price of $365.89 per share, for a total transaction of $351,254.40. Following the completion of the purchase, the executive vice president directly owned 16,305 shares in the company, valued at approximately $5,965,836.45. This trade represents a 6.26% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Akash Khurana sold 3,400 shares of the firm’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 value 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. This trade represents a 11.04% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 2.60% of the company’s stock.

WESCO International 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.