Corient Private Wealth LP Buys Shares of 49,126 WESCO International, Inc. $WCC

Corient Private Wealth LP bought a new stake in shares of WESCO International, Inc. (NYSE:WCC) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 49,126 shares of the technology company’s stock, valued at approximately $16,970,000. Corient Private Wealth LP owned about 0.10% of WESCO International at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in WCC. Bell Investment Advisors Inc acquired a new stake in WESCO International in the second quarter valued at $26,000. Jones Financial Companies Lllp acquired a new position in WESCO International during the 2nd quarter worth $36,000. Cornerstone Planning Group LLC increased its position in shares of WESCO International by 92.7% in the 4th quarter. Cornerstone Planning Group LLC now owns 106 shares of the technology company’s stock worth $26,000 after purchasing an additional 51 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of WESCO International in the 2nd quarter valued at about $38,000. Finally, Torren Management LLC acquired a new stake in shares of WESCO International in the 4th quarter valued at about $32,000. Institutional investors own 93.75% of the company’s stock.

WESCO International Price Performance

Shares of NYSE:WCC opened at $336.34 on Friday. The company has a market cap of $16.39 billion, a PE ratio of 23.24, a P/E/G ratio of 2.09 and a beta of 1.54. WESCO International, Inc. has a fifty-two week low of $203.40 and a fifty-two week high of $385.37. The firm has a 50-day simple moving average of $342.01 and a 200 day simple moving average of $323.99. 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 (NYSE:WCC) last issued its earnings results on Thursday, July 30th. The technology company reported $4.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 posted $3.83 earnings per share. WESCO International’s revenue was up 13.0% on a year-over-year basis. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. On average, sell-side analysts anticipate that WESCO International, Inc. will post 16.77 EPS for the current year.

WESCO International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 11th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $2.00 annualized dividend and a dividend yield of 0.6%. WESCO International’s dividend payout ratio (DPR) is 13.82%.

Insider Activity at WESCO International

In related news, EVP Daniel J. Castillo bought 960 shares of the company’s stock in a transaction on 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 transaction, the executive vice president directly owned 16,305 shares of the company’s stock, valued at approximately $5,965,836.45. This represents a 6.26% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Akash Khurana sold 3,400 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $366.78, for a total value of $1,247,052.00. Following the completion of the sale, the executive vice president owned 27,404 shares in the company, valued at $10,051,239.12. The trade was a 11.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 2.60% of the company’s stock.

Analysts Set New Price Targets

WCC has been the subject of a number of research reports. Royal Bank Of Canada lifted their price target on WESCO International from $421.00 to $430.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. DA Davidson assumed coverage on WESCO International in a research note on Tuesday, June 16th. They set a “buy” rating and a $440.00 price objective on the stock. Zacks Research raised WESCO International from a “hold” rating to a “strong-buy” rating in a report on Monday, August 3rd. Wall Street Zen lowered WESCO International from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Finally, Barclays boosted 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. One analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $374.29.

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.