Black Cypress Capital Management LLC Purchases Shares of 13,729 WESCO International, Inc. $WCC

Key Points

• Black Cypress Capital Management purchased 13,729 WESCO International shares worth approximately $4.74 million, making WCC about 3.2% of its portfolio. Institutional investors collectively own 93.75% of the company.
• WESCO reported quarterly earnings of $4.57 per share, beating estimates of $3.98, while revenue rose 13% year over year to $6.67 billion. The company reaffirmed fiscal 2026 EPS guidance of $16.00–$17.50.
• Analysts maintain a consensus “Buy” rating with an average price target of $374.29, compared with a recent share price of $349.08. WESCO also pays a quarterly dividend of $0.50, equivalent to a 0.6% annual yield.

Black Cypress Capital Management LLC purchased a new position in WESCO International, Inc. (NYSE:WCC - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,729 shares of the technology company's stock, valued at approximately $4,742,000. WESCO International makes up about 3.2% of Black Cypress Capital Management LLC's portfolio, making the stock its 12th largest holding.

A number of other large investors have also modified their holdings of WCC. Cornerstone Planning Group LLC raised its holdings in WESCO International by 92.7% in the fourth quarter. Cornerstone Planning Group LLC now owns 106 shares of the technology company's stock valued at $26,000 after acquiring an additional 51 shares in the last quarter. Bell Investment Advisors Inc acquired a new position in WESCO International during the 2nd quarter worth approximately $26,000. Brown Brothers Harriman & Co. grew its holdings in WESCO International by 166.0% during the 3rd 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. Torren Management LLC purchased a new stake in shares of WESCO International in the 4th quarter valued at approximately $32,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of WESCO International in the 2nd quarter valued at approximately $38,000. Hedge funds and other institutional investors own 93.75% of the company's stock.

Insider Activity at WESCO International

In other news, Director Laura K. Thompson sold 270 shares of the stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $368.45, for a total value of $99,481.50. Following the completion of the sale, the director directly owned 10,720 shares of the company's stock, valued at approximately $3,949,784. This represents a 2.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Daniel J. Castillo bought 960 shares of the stock in a transaction dated Tuesday, August 4th. The shares were acquired at an average price of $365.89 per share, for a total transaction of $351,254.40. Following the completion of the transaction, the executive vice president owned 16,305 shares of the company's stock, valued at approximately $5,965,836.45. The trade was a 6.26% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 2.60% of the stock is currently owned by corporate insiders.

WESCO International Trading Down 6.4%

NYSE WCC opened at $349.08 on Wednesday. The firm's fifty day moving average price is $343.44 and its 200 day moving average price is $321.76. WESCO International, Inc. has a 12 month low of $203.40 and a 12 month high of $385.37. 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 market capitalization of $17.01 billion, a price-to-earnings ratio of 24.12, a price-to-earnings-growth ratio of 2.15 and a beta of 1.54.

WESCO International (NYSE:WCC - Get Free Report) last announced its quarterly 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. 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 during the quarter, compared to analysts' expectations of $6.44 billion. During the same period in the previous year, the company earned $3.83 earnings per share. WESCO International's quarterly revenue 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. On average, sell-side analysts expect that WESCO International, Inc. will post 16.82 earnings per share for the current fiscal year.

WESCO International Dividend Announcement

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

Analyst Upgrades and Downgrades

WCC has been the subject of several recent analyst reports. KeyCorp lifted their price objective on shares of WESCO International from $340.00 to $415.00 and gave the stock an "overweight" rating in a research report on Friday, May 1st. Stephens raised WESCO International from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $350.00 to $400.00 in a report on Tuesday, July 14th. Wall Street Zen cut WESCO International from a "buy" rating to a "hold" rating in a research note on Sunday, July 12th. DA Davidson started coverage on WESCO International in a report on Tuesday, June 16th. They set a "buy" rating and a $440.00 price target for the company. Finally, Zacks Research raised WESCO International from a "hold" rating to a "strong-buy" rating in a research 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price 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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