Empowered Funds LLC Makes New Investment in WESCO International, Inc. $WCC

Key Points

• Empowered Funds LLC acquired 16,080 WESCO International shares valued at approximately $5.56 million during the second quarter. Institutional investors collectively own 93.75% of the company.
• Analyst sentiment remains positive, with a consensus “Buy” rating and an average price target of $374.29; several firms recently upgraded the stock or raised their targets.
• WESCO exceeded quarterly expectations with $4.57 in earnings per share versus a $3.98 estimate and $6.67 billion in revenue. The company also announced a $0.50 quarterly dividend, equal to a 0.6% annual yield.

Empowered Funds LLC acquired 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 disclosure with the Securities and Exchange Commission. The firm acquired 16,080 shares of the technology company's stock, valued at approximately $5,555,000.

Several other hedge funds also recently modified their holdings of WCC. United Capital Financial Advisors LLC acquired a new position in shares of WESCO International during the 2nd quarter valued at $248,000. Formula Growth Ltd. acquired a new stake in WESCO International in the second quarter worth $794,000. Coastal Bridge Advisors LLC acquired a new stake in WESCO International in the second quarter worth $3,074,000. Jefferies Financial Group Inc. bought a new stake in WESCO International in the second quarter valued at $654,000. Finally, Public Employees Retirement System of Ohio bought a new stake in WESCO International in the second quarter valued at $24,985,000. Institutional investors own 93.75% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Weiss Ratings raised shares of WESCO International from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, August 17th. 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. Wall Street Zen lowered WESCO International from a "buy" rating to a "hold" rating in a research report on Sunday, July 12th. Zacks Research upgraded WESCO International from a "hold" rating to a "strong-buy" rating in a report on Monday, August 3rd. Finally, Stephens upgraded shares of WESCO International from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $350.00 to $400.00 in a research note on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $374.29.

Insiders Place Their Bets

In other news, EVP Akash Khurana sold 3,400 shares of the business's stock in a transaction that occurred on 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 owned 27,404 shares in the company, valued at $10,051,239.12. The trade was a 11.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Laura K. Thompson sold 270 shares of the company's stock in a transaction that occurred on 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 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 disclosure for this sale is available in the SEC filing. Insiders own 2.60% of the company's stock.

WESCO International Price Performance

WCC opened at $336.34 on Monday. WESCO International, Inc. has a 1 year low of $203.40 and a 1 year 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 $16.39 billion, a price-to-earnings ratio of 23.24, a P/E/G ratio of 2.01 and a beta of 1.54. The firm's fifty day moving average price is $342.01 and its two-hundred day moving average price is $324.14.

WESCO International (NYSE:WCC - Get Free Report) last announced its earnings results on Thursday, July 30th. The technology company reported $4.57 EPS for the quarter, beating the consensus estimate of $3.98 by $0.59. WESCO International had a net margin of 2.84% and a return on equity of 14.95%. The company had revenue of $6.67 billion during the quarter, compared to the consensus estimate of $6.44 billion. During the same quarter in the prior year, the company posted $3.83 earnings per share. The firm'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. As a group, analysts anticipate that WESCO International, Inc. will post 16.77 earnings per share for the current fiscal year.

WESCO International Dividend Announcement

The company also recently disclosed 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 is Friday, September 11th. This represents a $2.00 annualized dividend and a yield of 0.6%. WESCO International's dividend payout ratio (DPR) is 13.82%.

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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