Diamond Hill Capital Management LLC Investment Advisor Takes $41.56 Million Position in WESCO International, Inc. $WCC

Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of WESCO International, Inc. (NYSE:WCC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 120,317 shares of the technology company’s stock, valued at approximately $41,561,000.

Other hedge funds also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC lifted its position in WESCO International by 92.7% in the 4th quarter. Cornerstone Planning Group LLC now owns 106 shares of the technology company’s stock valued at $26,000 after acquiring an additional 51 shares in the last quarter. Brown Brothers Harriman & Co. grew its holdings in shares of WESCO International by 166.0% in the third quarter. Brown Brothers Harriman & Co. now owns 133 shares of the technology company’s stock worth $28,000 after acquiring an additional 83 shares during the period. Torren Management LLC purchased a new stake in WESCO International during the fourth quarter valued at approximately $32,000. Hilton Head Capital Partners LLC purchased a new stake in shares of WESCO International in the 4th quarter worth $39,000. Finally, Los Angeles Capital Management LLC purchased a new stake in WESCO International in the fourth quarter worth about $56,000. 93.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Laura K. Thompson sold 270 shares of the stock in a transaction that occurred on Wednesday, August 12th. The stock was 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 in the company, valued at approximately $3,949,784. This represents a 2.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Daniel J. Castillo bought 960 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was acquired at an average cost of $365.89 per share, with a total value of $351,254.40. Following the completion of the acquisition, the executive vice president owned 16,305 shares of the company’s stock, valued at $5,965,836.45. This represents a 6.26% increase in their position. The SEC filing for this purchase provides additional information. 2.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Wall Street Zen downgraded shares of WESCO International from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. DA Davidson started coverage on WESCO International in a research note on Tuesday, June 16th. They issued a “buy” rating and a $440.00 price target for the company. KeyCorp raised their price target on WESCO International from $340.00 to $415.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Weiss Ratings lowered WESCO International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. Finally, Zacks Research upgraded WESCO International from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, WESCO International presently has an average rating of “Buy” and an average target price of $374.29.

WESCO International Trading Up 0.1%

Shares of WESCO International stock opened at $361.73 on Monday. The firm has a market cap of $17.63 billion, a price-to-earnings ratio of 25.00, a PEG ratio of 2.15 and a beta of 1.54. The business has a 50-day moving average price of $343.19 and a 200-day moving average price of $320.76. 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 posted its earnings results on Thursday, July 30th. The technology company reported $4.57 EPS for the quarter, topping analysts’ consensus estimates of $3.98 by $0.59. WESCO International had a return on equity of 14.95% and a net margin of 2.84%.The company had revenue of $6.67 billion for the quarter, compared to the consensus estimate of $6.44 billion. During the same period in the previous year, the business earned $3.83 earnings per share. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. Equities research analysts anticipate that WESCO International, Inc. will post 16.82 EPS for the current fiscal year.

WESCO International Dividend Announcement

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

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.