Chase Investment Counsel Corp Acquires New Shares in WESCO International, Inc. $WCC

Chase Investment Counsel Corp purchased a new position in WESCO International, Inc. (NYSE:WCC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 32,075 shares of the technology company’s stock, valued at approximately $11,079,000. WESCO International accounts for approximately 2.3% of Chase Investment Counsel Corp’s portfolio, making the stock its 19th largest position.

Several other hedge funds also recently made changes to their positions in WCC. Bank of New York Mellon Corp increased its holdings in WESCO International by 10.3% during the 1st quarter. Bank of New York Mellon Corp now owns 907,473 shares of the technology company’s stock worth $248,303,000 after acquiring an additional 84,905 shares during the period. Geode Capital Management LLC boosted its holdings in WESCO International by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 864,237 shares of the technology company’s stock valued at $211,473,000 after purchasing an additional 14,739 shares during the period. Vaughan Nelson Investment Management L.P. grew its position in shares of WESCO International by 8.4% during 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 in the last quarter. Davis Selected Advisers grew its position in shares of WESCO International by 24.6% during the 4th quarter. Davis Selected Advisers now owns 364,502 shares of the technology company’s stock valued at $89,172,000 after purchasing an additional 71,932 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of WESCO International by 6.2% in the third quarter. Ameriprise Financial Inc. now owns 324,068 shares of the technology company’s stock worth $68,541,000 after purchasing an additional 19,056 shares during the period. 93.75% of the stock is currently owned by hedge funds and other institutional investors.

WESCO International Stock Performance

NYSE:WCC opened at $361.73 on Monday. The company has a market capitalization 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 of $343.19 and a 200 day moving average of $320.76. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.09 and a quick ratio of 1.23. WESCO International, Inc. has a 1-year low of $203.40 and a 1-year high of $385.37.

WESCO International (NYSE:WCC) last posted its quarterly earnings results on Thursday, July 30th. The technology company reported $4.57 EPS for the quarter, topping the consensus estimate of $3.98 by $0.59. The firm had revenue of $6.67 billion for the quarter, compared to the consensus estimate of $6.44 billion. WESCO International had a net margin of 2.84% and a return on equity of 14.95%. The business’s revenue was up 13.0% compared to the same quarter last year. During the same period last year, the firm posted $3.83 earnings per share. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. On average, sell-side analysts predict that WESCO International, Inc. will post 16.82 earnings per share for the current fiscal year.

WESCO International Announces Dividend

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

Insider Activity

In related news, EVP Daniel J. Castillo acquired 960 shares of WESCO International stock in a transaction dated Tuesday, August 4th. The shares were purchased at an average cost of $365.89 per share, with a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Laura K. Thompson sold 270 shares of the business’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $368.45, for a total value of $99,481.50. Following the completion of the sale, the director directly owned 10,720 shares of the company’s stock, valued at approximately $3,949,784. This trade represents a 2.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Stephens upgraded WESCO International from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $350.00 to $400.00 in a research report on Tuesday, July 14th. Barclays raised their price target on WESCO International from $376.00 to $390.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Wall Street Zen downgraded WESCO International from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. DA Davidson assumed coverage on WESCO International in a report on Tuesday, June 16th. They set a “buy” rating and a $440.00 price objective for the company. Finally, Zacks Research raised shares of WESCO International from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $374.29.

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.