Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of WESCO International, Inc. (NYSE:WCC - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 507,163 shares of the technology company's stock, valued at approximately $175,189,000. Barrow Hanley Mewhinney & Strauss LLC owned about 1.04% of WESCO International as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently bought and sold shares of WCC. Cornerstone Planning Group LLC increased its holdings 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 last quarter. Bell Investment Advisors Inc purchased a new position in shares of WESCO International during the 2nd quarter valued at approximately $26,000. Brown Brothers Harriman & Co. boosted its stake in shares of WESCO International by 166.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 133 shares of the technology company's stock valued at $28,000 after buying an additional 83 shares during the last quarter. Torren Management LLC acquired a new stake in shares of WESCO International during the fourth quarter worth approximately $32,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of WESCO International in the second quarter worth $38,000. Hedge funds and other institutional investors own 93.75% of the company's stock.
WESCO International News Summary
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
WESCO International Price Performance
Shares of NYSE:WCC opened at $348.92 on Monday. The firm's 50 day moving average is $343.56 and its two-hundred day moving average is $322.82. The firm has a market capitalization of $17.00 billion, a P/E ratio of 24.11, a PEG ratio of 2.08 and a beta of 1.54. 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, Inc. has a 52 week low of $203.40 and a 52 week high of $385.37.
WESCO International (NYSE:WCC - Get Free Report) last issued its quarterly earnings data 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 analyst estimates of $6.44 billion. During the same period in the prior year, the company posted $3.83 EPS. The business's revenue for the quarter was up 13.0% compared to the same quarter last year. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. Analysts anticipate that WESCO International, Inc. will post 16.77 earnings per share for the current year.
WESCO International Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 12th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Friday, June 12th. WESCO International's payout ratio is currently 13.82%.
Analysts Set New Price Targets
Several research analysts have weighed in on the stock. KeyCorp raised their price objective on shares of WESCO International from $340.00 to $415.00 and gave the stock an "overweight" rating in a report on Friday, May 1st. Zacks Research raised shares of WESCO International from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 3rd. DA Davidson assumed coverage on WESCO International in a research note on Tuesday, June 16th. They issued a "buy" rating and a $440.00 price target for the company. Royal Bank Of Canada boosted their price objective on WESCO International from $421.00 to $430.00 and gave the company an "outperform" rating in a report on Friday, July 31st. Finally, Barclays increased their target price on 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 assigned a Buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $374.29.
View Our Latest Analysis on WCC
Insider Buying and Selling
In other WESCO International news, 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 transaction, the executive vice president owned 27,404 shares of the company's stock, valued at approximately $10,051,239.12. This trade represents a 11.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Daniel J. Castillo purchased 960 shares of WESCO International stock in a transaction dated Tuesday, August 4th. The stock was bought at an average cost 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 approximately $5,965,836.45. This trade represents a 6.26% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 2.60% of the company's stock.
WESCO International Profile
(
Free Report)
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.
Further Reading
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