MassMutual Private Wealth & Trust FSB Has $2.78 Million Stake in WESCO International, Inc. (NYSE:WCC)

MassMutual Private Wealth & Trust FSB grew its position in WESCO International, Inc. (NYSE:WCC - Free Report) by 53.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,888 shares of the technology company's stock after purchasing an additional 6,218 shares during the period. MassMutual Private Wealth & Trust FSB's holdings in WESCO International were worth $2,778,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. V Square Quantitative Management LLC lifted its stake in shares of WESCO International by 39.9% during the 4th quarter. V Square Quantitative Management LLC now owns 235 shares of the technology company's stock worth $43,000 after buying an additional 67 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in WESCO International by 43.5% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 267 shares of the technology company's stock valued at $48,000 after purchasing an additional 81 shares in the last quarter. Millstone Evans Group LLC bought a new stake in shares of WESCO International during the fourth quarter worth about $122,000. Raiffeisen Bank International AG bought a new position in shares of WESCO International in the fourth quarter valued at approximately $180,000. Finally, Dorsey & Whitney Trust CO LLC purchased a new position in WESCO International in the fourth quarter valued at about $204,000. 93.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on WCC. Wall Street Zen lowered shares of WESCO International from a "buy" rating to a "hold" rating in a report on Wednesday, February 12th. Stephens increased their target price on WESCO International from $205.00 to $215.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. decreased their price objective on shares of WESCO International from $210.00 to $180.00 and set an "overweight" rating for the company in a report on Tuesday, May 27th. Oppenheimer dropped their target price on shares of WESCO International from $225.00 to $195.00 and set an "outperform" rating for the company in a report on Monday, May 5th. Finally, KeyCorp dropped their price objective on shares of WESCO International from $245.00 to $205.00 and set an "overweight" rating for the company in a report on Monday, March 17th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $212.00.

WESCO International Stock Up 3.5%

Shares of WCC traded up $5.87 during mid-day trading on Tuesday, reaching $171.33. 163,004 shares of the stock traded hands, compared to its average volume of 737,731. The firm has a market cap of $8.36 billion, a price-to-earnings ratio of 13.11, a P/E/G ratio of 1.45 and a beta of 1.92. The stock has a fifty day simple moving average of $158.50 and a 200 day simple moving average of $176.28. WESCO International, Inc. has a 12-month low of $125.21 and a 12-month high of $216.17. The company has a quick ratio of 1.27, a current ratio of 2.20 and a debt-to-equity ratio of 1.02.

WESCO International (NYSE:WCC - Get Free Report) last released its earnings results on Thursday, May 1st. The technology company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.02). WESCO International had a net margin of 3.29% and a return on equity of 13.63%. The business had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.27 billion. During the same quarter in the previous year, the firm earned $2.30 EPS. The firm's revenue for the quarter was down .1% on a year-over-year basis. Sell-side analysts expect that WESCO International, Inc. will post 13.3 EPS for the current fiscal year.

WESCO International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $0.4538 dividend. This represents a $1.82 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Friday, June 13th. WESCO International's payout ratio is presently 13.69%.

WESCO International Profile

WESCO International, Inc provides business-to-business distribution, logistics services, and supply chain solutions in the United States, Canada, and internationally. It operates through three segments: Electrical & Electronic Solutions (EES), Communications & Security Solutions (CSS), and Utility and Broadband Solutions (UBS).