Allworth Financial LP Acquires Shares of 3,244 WESCO International, Inc. $WCC

Key Points

• Allworth Financial acquired 3,244 WESCO International shares in the second quarter, worth approximately $1.12 million. Hedge funds and other institutional investors collectively own 93.75% of WCC.
• WESCO reported strong quarterly results, with EPS of $4.57 versus the $3.98 consensus and revenue of $6.67 billion, up 13% year over year. Analysts expect continued growth, with Zacks raising its earnings forecasts and the consensus rating remaining “Buy.”
• WCC shares were trading near $348.92, while recent analysts set price targets ranging from $400 to $440. Company insiders sold shares recently, including an EVP’s approximately $1.25 million transaction, while the quarterly dividend remains modest at $0.50 per share.

Allworth Financial LP acquired a new stake in WESCO International, Inc. (NYSE:WCC - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,244 shares of the technology company's stock, valued at approximately $1,121,000.

A number of other hedge funds have also modified their holdings of the business. Cornerstone Planning Group LLC boosted its stake 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 purchasing an additional 51 shares during the period. Bell Investment Advisors Inc acquired a new position in WESCO International in the second quarter valued at $26,000. Brown Brothers Harriman & Co. increased its stake in WESCO International by 166.0% in the third quarter. Brown Brothers Harriman & Co. now owns 133 shares of the technology company's stock valued at $28,000 after purchasing an additional 83 shares during the period. Torren Management LLC purchased a new stake in shares of WESCO International in the fourth quarter valued at about $32,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of WESCO International in the second quarter valued at about $38,000. 93.75% of the stock is currently owned by hedge funds and other institutional investors.

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

Insider Buying and Selling at WESCO International

In other news, Director Laura K. Thompson sold 270 shares of the stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $368.45, for a total value of $99,481.50. Following the completion of the transaction, the director owned 10,720 shares in the company, valued at $3,949,784. This trade represents a 2.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Akash Khurana sold 3,400 shares of the firm's stock in a transaction dated 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 completion of the sale, the executive vice president owned 27,404 shares of the company's stock, valued at $10,051,239.12. This trade represents a 11.04% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.60% of the stock is owned by corporate insiders.

WESCO International Trading Up 3.2%

NYSE 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. The stock has a market capitalization of $17.00 billion, a P/E ratio of 24.11, a P/E/G ratio of 2.08 and a beta of 1.54. WESCO International, Inc. has a 52-week low of $203.40 and a 52-week high of $385.37. The firm has a 50-day moving average price of $343.56 and a 200 day moving average price of $322.64.

WESCO International (NYSE:WCC - Get Free Report) 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 return on equity of 14.95% and a net margin of 2.84%.The business had revenue of $6.67 billion during the quarter, compared to the consensus estimate of $6.44 billion. During the same period in the prior year, the business posted $3.83 EPS. The company'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. Equities research analysts expect 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. Shareholders of record on Friday, June 12th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $2.00 dividend on an annualized basis and a yield of 0.6%. WESCO International's dividend payout ratio (DPR) is 13.82%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on WCC shares. Wall Street Zen lowered WESCO International from a "buy" rating to a "hold" rating in a report on Sunday, July 12th. Stephens raised WESCO International from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $350.00 to $400.00 in a research report on Tuesday, July 14th. Royal Bank Of Canada increased their price objective on WESCO International from $421.00 to $430.00 and gave the stock an "outperform" rating in a research report on Friday, July 31st. Weiss Ratings raised WESCO International from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, August 17th. Finally, DA Davidson began coverage on WESCO International in a research note on Tuesday, June 16th. They set a "buy" rating and a $440.00 price target for the company. One analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $374.29.

About WESCO International

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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