WESCO International, Inc. $WCC Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. trimmed its stake in WESCO International, Inc. (NYSE:WCC) by 8.5% during the third quarter, Holdings Channel.com reports. The fund owned 132,983 shares of the technology company’s stock after selling 12,283 shares during the period. Vontobel Holding Ltd.’s holdings in WESCO International were worth $47,819,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Vaughan Nelson Investment Management L.P. increased its holdings in WESCO International by 8.4% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 404,730 shares of the technology company’s stock valued at $110,742,000 after purchasing an additional 31,210 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in WESCO International by 28.8% during the second quarter. Sequoia Financial Advisors LLC now owns 23,336 shares of the technology company’s stock worth $8,061,000 after purchasing an additional 5,224 shares in the last quarter. BlackRock Inc. purchased a new position in shares of WESCO International during the second quarter worth $3,094,634,000. Engineers Gate Manager LP purchased a new position in shares of WESCO International during the second quarter worth $8,338,000. Finally, Bank of America Corp DE purchased a new position in shares of WESCO International during the second quarter worth $296,304,000. 93.75% of the stock is currently owned by institutional investors and hedge funds.

WESCO International Stock Down 1.6%

Shares of WCC traded down $5.68 during midday trading on Friday, hitting $340.98. The company had a trading volume of 520,350 shares, compared to its average volume of 583,174. The company’s 50-day simple moving average is $354.10 and its 200-day simple moving average is $342.18. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.23 and a current ratio of 2.09. WESCO International, Inc. has a 1 year low of $211.47 and a 1 year high of $388.64. The firm has a market capitalization of $16.62 billion, a P/E ratio of 23.56, a P/E/G ratio of 2.07 and a beta of 1.54.

WESCO International (NYSE:WCC) last issued its 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 net margin of 2.84% and a return on equity of 14.95%. The firm had revenue of $6.67 billion for the quarter, compared to analysts’ expectations of $6.44 billion. During the same quarter last year, the company earned $3.83 earnings per share. The firm’s revenue was up 13.0% compared to the same quarter last year. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. As a group, sell-side analysts expect that WESCO International, Inc. will post 16.77 EPS for the current year.

WESCO International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th were given 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, September 11th. WESCO International’s payout ratio is 13.82%.

Insider Transactions at WESCO International

In other WESCO International news, EVP Akash Khurana sold 3,400 shares of the firm’s stock in a transaction 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 sale, the executive vice president directly owned 27,404 shares in the company, valued at $10,051,239.12. This trade represents a 11.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Daniel J. Castillo purchased 960 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was acquired 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 owned 16,305 shares of the company’s stock, valued at $5,965,836.45. This represents a 6.26% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 2.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on WCC shares. Barclays boosted their price objective on WESCO International from $390.00 to $437.00 and gave the company an “overweight” rating in a report on Monday, October 12th. Weiss Ratings raised WESCO International from a “hold (c+)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Stephens upgraded WESCO International from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $350.00 to $400.00 in a report on Tuesday, July 14th. Royal Bank Of Canada lifted their target price on WESCO International from $430.00 to $435.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Wall Street Zen lowered shares of WESCO International from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. One equities research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $402.83.

WESCO International Company Profile

WESCO International, Inc is a global provider of electrical, communications, utility and supply chain solutions. Through its distribution and service operations, the company supplies products used in commercial, industrial, institutional, utility, data center, broadband and residential markets.

Its product offerings include electrical and electronic components, wire and cable, lighting and controls, network infrastructure, security and safety products, automation equipment, and general industrial supplies.