Northwestern Mutual Wealth Management Co. Makes New $2.45 Million Investment in WESCO International, Inc. $WCC

Key Points

• Northwestern Mutual Wealth Management acquired 7,093 WESCO International shares worth approximately $2.45 million, while institutional investors collectively own 93.75% of the company.
• Analysts remain bullish, with WESCO receiving a consensus “Buy” rating and an average price target of $374.29; several firms recently raised their targets to between $390 and $440.
• WESCO exceeded quarterly expectations with $4.57 in EPS and $6.67 billion in revenue, up 13% year over year. Shares opened at $337.07, while the company pays a $2.00 annualized dividend yielding about 0.6%.

Northwestern Mutual Wealth Management Co. purchased a new stake in shares of WESCO International, Inc. (NYSE:WCC - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 7,093 shares of the technology company's stock, valued at approximately $2,450,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. purchased a new stake in WESCO International in the second quarter worth $3,094,634,000. Bank of New York Mellon Corp bought a new position in WESCO International during the second quarter worth about $249,503,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of WESCO International in the second quarter worth about $41,561,000. Public Employees Retirement Association of Colorado raised its position in shares of WESCO International by 1,674.7% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 88,645 shares of the technology company's stock valued at $21,686,000 after purchasing an additional 83,650 shares during the period. Finally, Van Lanschot Kempen Investment Management N.V. lifted its stake in shares of WESCO International by 74.8% during the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 186,012 shares of the technology company's stock valued at $45,506,000 after buying an additional 79,612 shares in the last quarter. Hedge funds and other institutional investors own 93.75% of the company's stock.

Wall Street Analysts Forecast Growth

WCC has been the topic of a number of analyst reports. Royal Bank Of Canada boosted their target price on shares of WESCO International from $421.00 to $430.00 and gave the company an "outperform" rating in a report on Friday, July 31st. Stephens upgraded WESCO International from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $350.00 to $400.00 in a research report on Tuesday, July 14th. Barclays increased their price target on shares of WESCO International from $376.00 to $390.00 and gave the stock an "overweight" rating in a report on Monday, August 3rd. KeyCorp boosted their price objective on shares of WESCO International from $340.00 to $415.00 and gave the company an "overweight" rating in a research note on Friday, May 1st. Finally, DA Davidson assumed coverage on shares of WESCO International in a research note on Tuesday, June 16th. They issued a "buy" rating and a $440.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. According to data from MarketBeat.com, WESCO International presently has a consensus rating of "Buy" and an average target price of $374.29.

WESCO International Stock Down 3.5%

Shares of NYSE:WCC opened at $337.07 on Tuesday. The stock has a market capitalization of $16.43 billion, a P/E ratio of 23.29, a price-to-earnings-growth ratio of 2.08 and a beta of 1.54. The stock's 50-day moving average price is $343.34 and its 200-day moving average price is $323.05. 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 12-month low of $203.40 and a 12-month high of $385.37.

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 the consensus estimate of $3.98 by $0.59. The firm had revenue of $6.67 billion for the quarter, compared to analysts' expectations of $6.44 billion. WESCO International had a net margin of 2.84% and a return on equity of 14.95%. The business's revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the business earned $3.83 earnings per share. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. On average, equities analysts anticipate that WESCO International, Inc. will post 16.77 earnings per share for the current 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 issued 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 dividend payout ratio is 13.82%.

Insider Buying and Selling at WESCO International

In other WESCO International news, EVP Daniel J. Castillo acquired 960 shares of the company's stock in a transaction that occurred on Tuesday, August 4th. The shares were acquired at an average price of $365.89 per share, with a total value of $351,254.40. Following the completion of the purchase, the executive vice president directly 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. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Laura K. Thompson sold 270 shares of the company's 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 owned 10,720 shares in the company, valued at $3,949,784. The trade was a 2.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.60% of the company's stock.

WESCO International Company Profile

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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