WESCO International, Inc. $WCC Stake Reduced by Clearbridge Investments LLC

Clearbridge Investments LLC reduced its stake in shares of WESCO International, Inc. (NYSE:WCC) by 3.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 366,585 shares of the technology company’s stock after selling 12,407 shares during the quarter. Clearbridge Investments LLC’s holdings in WESCO International were worth $89,681,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC grew its stake in WESCO International by 92.7% during the 4th quarter. Cornerstone Planning Group LLC now owns 106 shares of the technology company’s stock worth $26,000 after buying an additional 51 shares during the last quarter. Brown Brothers Harriman & Co. grew its stake in WESCO International by 166.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 133 shares of the technology company’s stock worth $28,000 after buying an additional 83 shares during the last quarter. Rothschild Investment LLC grew its stake in WESCO International by 788.2% during the 3rd quarter. Rothschild Investment LLC now owns 151 shares of the technology company’s stock worth $32,000 after buying an additional 134 shares during the last quarter. Torren Management LLC bought a new position in WESCO International during the 4th quarter worth $32,000. Finally, Rossby Financial LCC grew its stake in WESCO International by 117.4% during the 3rd quarter. Rossby Financial LCC now owns 200 shares of the technology company’s stock worth $43,000 after buying an additional 108 shares during the last quarter. 93.75% of the stock is currently owned by institutional investors.

Insider Buying and Selling at WESCO International

In related news, CEO John Engel sold 79,440 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $358.75, for a total transaction of $28,499,100.00. Following the completion of the transaction, the chief executive officer owned 478,946 shares of the company’s stock, valued at $171,821,877.50. This trade represents a 14.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Diane Lazzaris sold 9,910 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $359.48, for a total value of $3,562,446.80. Following the transaction, the executive vice president directly owned 19,611 shares of the company’s stock, valued at $7,049,762.28. This represents a 33.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 144,486 shares of company stock valued at $51,846,641. Corporate insiders own 2.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on WCC. Stephens upped their price objective on WESCO International from $275.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Barclays upped their price objective on WESCO International from $313.00 to $375.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Weiss Ratings raised WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. KeyCorp increased their price target on WESCO International from $340.00 to $415.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Finally, Royal Bank Of Canada increased their price target on WESCO International from $352.00 to $411.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. 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’s stock. According to data from MarketBeat.com, WESCO International currently has an average rating of “Buy” and an average price target of $321.38.

WESCO International Trading Down 0.4%

NYSE:WCC opened at $352.87 on Tuesday. WESCO International, Inc. has a 1 year low of $171.36 and a 1 year high of $377.90. The stock has a market cap of $17.19 billion, a price-to-earnings ratio of 25.08, a PEG ratio of 2.23 and a beta of 1.53. The business has a fifty day moving average of $330.02 and a 200-day moving average of $293.78. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.22 and a current ratio of 2.12.

WESCO International (NYSE:WCC) last released its quarterly earnings results on Thursday, April 30th. The technology company reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.88 by $0.49. WESCO International had a return on equity of 13.82% and a net margin of 2.79%.The company had revenue of $6.08 billion during the quarter, compared to analysts’ expectations of $5.86 billion. During the same quarter in the prior year, the business posted $2.21 earnings per share. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. WESCO International has set its FY 2026 guidance at 15.000-17.000 EPS. Equities analysts predict that WESCO International, Inc. will post 15.9 earnings per share for the current year.

WESCO International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 12th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $2.00 annualized dividend and a yield of 0.6%. WESCO International’s dividend payout ratio (DPR) is currently 14.21%.

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.