WESCO International, Inc. $WCC Stock Holdings Increased by California State Teachers Retirement System

California State Teachers Retirement System increased its stake in shares of WESCO International, Inc. (NYSE:WCC) by 34,555.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,529,576 shares of the technology company’s stock after purchasing an additional 19,473,223 shares during the quarter. California State Teachers Retirement System owned approximately 0.40% of WESCO International worth $6,746,101,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the stock. Bell Investment Advisors Inc purchased a new stake in WESCO International in the 2nd quarter worth approximately $26,000. Transamerica Financial Advisors LLC purchased a new position in shares of WESCO International during the 2nd quarter valued at $27,000. Jones Financial Companies Lllp acquired a new position in shares of WESCO International in the second quarter worth $36,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of WESCO International in the second quarter worth $38,000. Finally, Brown Brothers Harriman & Co. raised its holdings in shares of WESCO International by 166.0% during the third quarter. Brown Brothers Harriman & Co. now owns 133 shares of the technology company’s stock worth $28,000 after acquiring an additional 83 shares in the last quarter. Institutional investors and hedge funds own 93.75% of the company’s stock.

Insider Activity at WESCO International

In related news, EVP Daniel J. Castillo purchased 960 shares of the stock in a transaction on Tuesday, August 4th. The shares were bought at an average price of $365.89 per share, for a total transaction of $351,254.40. Following the completion of the acquisition, the executive vice president directly owned 16,305 shares in the company, valued at approximately $5,965,836.45. This trade represents a 6.26% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Laura K. Thompson sold 270 shares of WESCO International stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $368.45, for a total transaction of $99,481.50. Following the completion of the transaction, the director directly owned 10,720 shares in the company, valued at approximately $3,949,784. This represents a 2.46% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.60% of the stock is owned by company insiders.

WESCO International Trading Down 1.2%

Shares of NYSE:WCC opened at $355.83 on Thursday. The stock has a market capitalization of $17.34 billion, a PE ratio of 24.59, a P/E/G ratio of 2.13 and a beta of 1.53. WESCO International, Inc. has a 1 year low of $203.40 and a 1 year high of $385.37. The firm has a fifty day moving average price of $341.57 and a 200 day moving average price of $326.68. The company has a current ratio of 2.09, a quick ratio of 1.23 and a debt-to-equity ratio of 1.13.

WESCO International (NYSE:WCC) last posted its 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. 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 the consensus estimate of $6.44 billion. During the same period in the prior year, the business posted $3.83 earnings per share. The business’s quarterly 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. Analysts expect that WESCO International, Inc. will post 16.89 EPS for the current fiscal year.

WESCO International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.6%. WESCO International’s dividend payout ratio is currently 13.82%.

Analysts Set New Price Targets

WCC has been the subject of a number of research reports. Barclays lifted their price objective on WESCO International from $376.00 to $390.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. Weiss Ratings downgraded WESCO International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, September 1st. Stephens upgraded WESCO International from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $350.00 to $400.00 in a report on Tuesday, July 14th. Zacks Research raised WESCO International from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. Finally, DA Davidson began coverage on WESCO International in a report on Tuesday, June 16th. They issued a “buy” rating and a $440.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $394.17.

About WESCO International

WESCO International, Inc is a business-to-business distributor and supply chain solutions provider serving the electrical, communications, security, utility and broadband industries. The company supplies products such as electrical and electronic components, wire and cable, lighting, automation equipment, network infrastructure, security systems, safety products and utility equipment.

Through its distribution operations and supply chain services, WESCO helps commercial, industrial, institutional, utility and government customers manage procurement, inventory, logistics and other aspects of their operations.