WESCO International, Inc. $WCC Shares Sold by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. lowered its position in shares of WESCO International, Inc. (NYSE:WCC) by 9.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 368,030 shares of the technology company’s stock after selling 37,670 shares during the quarter. Vaughan Nelson Investment Management L.P. owned about 0.76% of WESCO International worth $77,838,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Regency Capital Management Inc. DE bought a new stake in shares of WESCO International in the 3rd quarter valued at approximately $3,215,000. Burns Matteson Capital Management LLC acquired a new position in WESCO International in the third quarter worth $464,000. Pacer Advisors Inc. bought a new stake in WESCO International during the third quarter valued at $1,923,000. Farther Finance Advisors LLC raised its holdings in shares of WESCO International by 6.3% during the third quarter. Farther Finance Advisors LLC now owns 1,340 shares of the technology company’s stock worth $283,000 after purchasing an additional 79 shares during the period. Finally, Norman Fields Gottscho Capital Management LLC lifted its position in shares of WESCO International by 112.7% in the 3rd quarter. Norman Fields Gottscho Capital Management LLC now owns 13,785 shares of the technology company’s stock worth $2,916,000 after buying an additional 7,303 shares during the last quarter. Institutional investors and hedge funds own 93.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Royal Bank Of Canada upgraded shares of WESCO International from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $262.00 to $302.00 in a research note on Wednesday, November 19th. Barclays increased their price target on WESCO International from $258.00 to $274.00 and gave the stock an “overweight” rating in a research report on Thursday, November 13th. Wall Street Zen raised WESCO International from a “hold” rating to a “buy” rating in a report on Saturday. KeyCorp upped their price objective on WESCO International from $258.00 to $300.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. Finally, JPMorgan Chase & Co. boosted their price target on shares of WESCO International from $225.00 to $245.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $256.38.

WESCO International Trading Up 2.2%

Shares of WCC opened at $272.77 on Wednesday. WESCO International, Inc. has a 1-year low of $125.21 and a 1-year high of $279.04. The business’s 50-day moving average price is $257.94 and its 200 day moving average price is $226.91. The company has a current ratio of 2.09, a quick ratio of 1.20 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $13.27 billion, a P/E ratio of 21.39, a P/E/G ratio of 1.70 and a beta of 1.45.

WESCO International (NYSE:WCC) last announced its quarterly earnings data on Thursday, October 30th. The technology company reported $3.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.75 by $0.17. WESCO International had a return on equity of 13.12% and a net margin of 2.81%.The firm had revenue of $6.20 billion during the quarter, compared to the consensus estimate of $5.91 billion. During the same period in the prior year, the business earned $3.58 EPS. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. WESCO International has set its FY 2025 guidance at 13.100-13.600 EPS. Analysts expect that WESCO International, Inc. will post 13.3 earnings per share for the current year.

WESCO International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a dividend of $0.4538 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $1.82 dividend on an annualized basis and a yield of 0.7%. WESCO International’s payout ratio is presently 14.27%.

Insiders Place Their Bets

In other news, EVP Diane Lazzaris sold 4,039 shares of the company’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $258.42, for a total value of $1,043,758.38. Following the transaction, the executive vice president directly owned 45,401 shares of the company’s stock, valued at approximately $11,732,526.42. This represents a 8.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Christine Ann Wolf sold 4,685 shares of WESCO International stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $259.52, for a total value of $1,215,851.20. Following the sale, the executive vice president directly owned 30,195 shares of the company’s stock, valued at approximately $7,836,206.40. The trade was a 13.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 17,036 shares of company stock worth $4,385,254 in the last quarter. 3.10% of the stock is currently owned by corporate insiders.

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.