Diamond Hill Capital Management LLC Investment Advisor Makes New Investment in WESCO International, Inc. $WCC

Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of WESCO International, Inc. (NYSE:WCC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 120,317 shares of the technology company’s stock, valued at approximately $41,561,000. Diamond Hill Capital Management LLC Investment Advisor owned about 0.25% of WESCO International at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Cornerstone Planning Group LLC lifted its stake 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 valued at $26,000 after acquiring an additional 51 shares during the last quarter. Brown Brothers Harriman & Co. grew its position 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 acquiring an additional 83 shares during the last quarter. Torren Management LLC bought a new position in WESCO International during the 4th quarter worth approximately $32,000. Hilton Head Capital Partners LLC purchased a new position in WESCO International in the 4th quarter worth approximately $39,000. Finally, Los Angeles Capital Management LLC purchased a new position in WESCO International in the 4th quarter worth approximately $56,000. Hedge funds and other institutional investors own 93.75% of the company’s stock.

Insiders Place Their Bets

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 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. The trade was a 6.26% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Laura K. Thompson sold 270 shares of the stock in a transaction on Wednesday, August 12th. The stock was 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 in the company, valued at approximately $3,949,784. This represents a 2.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on WCC shares. Royal Bank Of Canada increased their price objective on WESCO International from $421.00 to $430.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Wall Street Zen lowered shares of WESCO International from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Barclays increased their price target on shares of WESCO International from $376.00 to $390.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. Zacks Research upgraded shares of WESCO International from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd. Finally, KeyCorp boosted their price objective on shares of WESCO International from $340.00 to $415.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, WESCO International presently has an average rating of “Buy” and an average target price of $374.29.

WESCO International Stock Up 0.1%

Shares of WESCO International stock opened at $361.73 on Monday. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.09 and a quick ratio of 1.23. The company has a 50-day moving average of $343.19 and a 200 day moving average of $320.76. 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. WESCO International, Inc. has a 1 year low of $203.40 and a 1 year high of $385.37.

WESCO International (NYSE:WCC) last announced its earnings results on Thursday, July 30th. The technology company reported $4.57 earnings per share for the quarter, beating 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 business had revenue of $6.67 billion during the quarter, compared to the consensus estimate of $6.44 billion. During the same quarter last year, the firm earned $3.83 earnings per share. The business’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. As a group, sell-side analysts anticipate that WESCO International, Inc. will post 16.82 earnings per share for the current fiscal year.

WESCO International Announces Dividend

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

WESCO International 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.