Legal & General Group Plc Purchases New Position in WESCO International, Inc. $WCC

Legal & General Group Plc bought a new stake in WESCO International, Inc. (NYSE:WCC) during the 2nd quarter, Holdings Channel reports. The firm bought 72,887 shares of the technology company’s stock, valued at approximately $25,177,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WCC. Bell Investment Advisors Inc bought a new stake in WESCO International during the second quarter worth about $26,000. Jones Financial Companies Lllp acquired a new stake in shares of WESCO International during the second quarter valued at about $36,000. Cornerstone Planning Group LLC boosted its position 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 period. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of WESCO International in the second quarter worth $38,000. Finally, Torren Management LLC bought a new stake in shares of WESCO International in the 4th quarter valued at about $32,000. 93.75% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Daniel J. Castillo acquired 960 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was purchased at an average price 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 in the company, valued at $5,965,836.45. This trade represents a 6.26% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Akash Khurana sold 3,400 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $366.78, for a total transaction of $1,247,052.00. Following the sale, the executive vice president directly owned 27,404 shares of the company’s stock, valued at $10,051,239.12. The trade was a 11.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.60% of the stock is owned by corporate insiders.

WESCO International Stock Down 4.1%

WCC opened at $336.34 on Friday. 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 fifty day moving average price of $342.01 and a 200-day moving average price of $323.99. The firm has a market capitalization of $16.39 billion, a P/E ratio of 23.24, a price-to-earnings-growth ratio of 2.01 and a beta of 1.54. WESCO International, Inc. has a one year low of $203.40 and a one 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. The business 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%. WESCO International’s quarterly revenue was up 13.0% on a year-over-year basis. 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. Equities research analysts expect that WESCO International, Inc. will post 16.77 earnings per share for the current fiscal year.

WESCO International Announces Dividend

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

Wall Street Analysts Forecast Growth

WCC has been the topic of several recent analyst reports. Stephens upgraded shares of WESCO International from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $350.00 to $400.00 in a report on Tuesday, July 14th. Zacks Research upgraded shares of WESCO International from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. Royal Bank Of Canada raised their target price on WESCO International from $421.00 to $430.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Wall Street Zen downgraded shares of 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 shares of WESCO International from $376.00 to $390.00 and gave the stock an “overweight” rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $374.29.

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.