Sanctuary Advisors LLC Invests $3.66 Million in WESCO International, Inc. $WCC

Sanctuary Advisors LLC bought a new stake in WESCO International, Inc. (NYSE:WCC) during the 2nd quarter, HoldingsChannel reports. The fund bought 10,589 shares of the technology company’s stock, valued at approximately $3,658,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Meiji Yasuda Asset Management Co Ltd. purchased a new position in WESCO International during the second quarter worth about $388,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in WESCO International in the 2nd quarter valued at approximately $175,189,000. Vista Investment Management acquired a new position in WESCO International during the 2nd quarter worth approximately $4,559,000. Elevation Point Wealth Partners LLC acquired a new position in WESCO International during the 2nd quarter worth approximately $441,000. Finally, Commerce Bank purchased a new position in shares of WESCO International during the 2nd quarter worth approximately $632,000. 93.75% of the stock is currently owned by institutional investors and hedge funds.

WESCO International Price Performance

Shares of NYSE:WCC opened at $339.38 on Wednesday. The firm has a market capitalization of $16.54 billion, a price-to-earnings ratio of 23.45, a price-to-earnings-growth ratio of 2.01 and a beta of 1.54. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.09 and a quick ratio of 1.23. The business’s 50 day simple moving average is $343.01 and its 200-day simple moving average is $323.32. WESCO International, Inc. has a 12 month low of $203.40 and a 12 month high of $385.37.

WESCO International (NYSE:WCC) last released its quarterly earnings data 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. The firm had revenue of $6.67 billion during the quarter, compared to the consensus estimate of $6.44 billion. WESCO International had a return on equity of 14.95% and a net margin of 2.84%.WESCO International’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period last year, the business posted $3.83 EPS. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. As a group, equities analysts forecast that WESCO International, Inc. will post 16.77 earnings per share for the current fiscal year.

WESCO International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 12th were given a $0.50 dividend. The ex-dividend date was Friday, June 12th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.6%. WESCO International’s dividend payout ratio (DPR) is currently 13.82%.

Insider Transactions at WESCO International

In other WESCO International news, EVP Daniel J. Castillo acquired 960 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president directly owned 16,305 shares of the company’s stock, valued at approximately $5,965,836.45. This represents a 6.26% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Akash Khurana sold 3,400 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $366.78, for a total transaction of $1,247,052.00. Following the completion of the sale, the executive vice president directly owned 27,404 shares in the company, valued at approximately $10,051,239.12. The trade was a 11.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 2.60% of the company’s stock.

Analyst Ratings Changes

WCC has been the topic of a number of analyst reports. Zacks Research upgraded WESCO International from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. KeyCorp increased their price objective on WESCO International from $340.00 to $415.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Barclays raised their target price on WESCO International from $376.00 to $390.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. DA Davidson initiated coverage on shares of WESCO International in a research report on Tuesday, June 16th. They set a “buy” rating and a $440.00 target price on the stock. Finally, Weiss Ratings raised shares of WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $374.29.

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.