722,298 Shares in WESCO International, Inc. $WCC Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp purchased a new position in shares of WESCO International, Inc. (NYSE:WCC - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 722,298 shares of the technology company's stock, valued at approximately $249,503,000. Bank of New York Mellon Corp owned approximately 1.48% of WESCO International as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. grew its stake in shares of WESCO International by 8.4% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 404,730 shares of the technology company's stock worth $110,742,000 after purchasing an additional 31,210 shares in the last quarter. Geode Capital Management LLC raised its stake in WESCO International by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 864,237 shares of the technology company's stock valued at $211,473,000 after buying an additional 14,739 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. raised its stake in WESCO International by 74.8% in the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 186,012 shares of the technology company's stock valued at $45,506,000 after buying an additional 79,612 shares in the last quarter. Aureus Asset Management LLC purchased a new stake in WESCO International during the 4th quarter worth about $5,916,000. Finally, Public Employees Retirement Association of Colorado lifted its holdings in WESCO International by 1,674.7% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 88,645 shares of the technology company's stock worth $21,686,000 after buying an additional 83,650 shares during the last quarter. 93.75% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other WESCO International news, EVP Daniel J. Castillo bought 960 shares of the firm's stock in a transaction dated Tuesday, August 4th. The stock was acquired at an average price of $365.89 per share, for a total transaction 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 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 Securities & Exchange Commission, which is accessible through this link. Also, EVP Akash Khurana sold 3,400 shares of the firm's stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $366.78, for a total value of $1,247,052.00. Following the transaction, the executive vice president directly owned 27,404 shares in the company, valued at approximately $10,051,239.12. This represents a 11.04% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 2.60% of the company's stock.

WESCO International Trading Up 3.2%

WCC opened at $348.92 on Friday. 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, Inc. has a 52 week low of $203.40 and a 52 week high of $385.37. The business's 50 day moving average is $343.56 and its two-hundred day moving average is $322.64. The firm has a market cap of $17.00 billion, a price-to-earnings ratio of 24.11, a price-to-earnings-growth ratio of 2.08 and a beta of 1.54.

WESCO International (NYSE:WCC - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The technology company reported $4.57 earnings per share for the quarter, beating the consensus estimate of $3.98 by $0.59. The business had revenue of $6.67 billion during the quarter, compared to the consensus estimate of $6.44 billion. WESCO International had a return on equity of 14.95% and a net margin of 2.84%.The company's revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the company earned $3.83 earnings per share. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. On average, research analysts predict that WESCO International, Inc. will post 16.77 EPS for the current year.

WESCO International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 12th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, June 12th. WESCO International's dividend payout ratio is presently 13.82%.

WESCO International News Roundup

Here are the key news stories impacting WESCO International this week:

• Positive Sentiment: Zacks raises earnings forecasts: Zacks Research increased its EPS estimates across multiple periods, including fiscal 2026 to $16.50 from $15.69, fiscal 2027 to $18.58 from $17.63, and fiscal 2028 to $21.24 from $20.37. Quarterly estimates were also raised, with Q3 2026 EPS lifted to $4.45 and Q4 2026 EPS to $4.11. The revisions indicate improving expectations for WESCO’s earnings growth. Zacks maintains a “Strong Buy” rating. Zacks Best Value Stocks article
• Positive Sentiment: Longer-term growth expectations improved: Zacks raised estimates for Q1 and Q2 2027, Q3 and Q4 2027, and Q1 and Q2 2028. The higher forecasts point to an expectation that recent operating momentum can continue beyond the current year, potentially supporting WCC’s valuation.
• Positive Sentiment: Recent fundamentals remain strong: WESCO’s latest quarterly results exceeded expectations, with EPS of $4.57 versus the $3.98 consensus estimate and revenue of $6.67 billion versus $6.44 billion. Revenue increased 13% year over year, while the company’s fiscal 2026 guidance remains $16.00-$17.50 per share.
• Positive Sentiment: Analyst and institutional support: Recent analyst actions included higher price targets from Barclays and RBC, while hedge funds and other institutions own approximately 93.75% of WCC shares. New or increased positions by large investors may reinforce market confidence.
• Neutral Sentiment: Dividend provides modest income: WESCO pays a quarterly dividend of $0.50, or $2.00 annualized, representing a yield of about 0.6%. The low payout ratio leaves room for reinvestment but makes the dividend a relatively minor stock-price driver.
• Negative Sentiment: Executive insider sale: EVP Akash Khurana sold 3,400 shares for approximately $1.25 million, reducing his holdings by 11.04%. The transaction could weigh modestly on sentiment, although a single insider sale does not necessarily signal deteriorating business prospects. WESCO insider sale article

Analyst Ratings Changes

A number of research firms have recently commented on WCC. Barclays increased their price objective on WESCO International from $376.00 to $390.00 and gave the company an "overweight" rating in a report on Monday, August 3rd. 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 shares of WESCO International from a "buy" rating to a "hold" rating in a research note on Sunday, July 12th. Royal Bank Of Canada raised their price objective on shares of WESCO International from $421.00 to $430.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. Finally, Weiss Ratings upgraded shares of WESCO International from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, August 17th. One research 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, the company has an average rating of "Buy" and an average target price 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.

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