TD Private Client Wealth LLC Grows Position in WESCO International, Inc. (NYSE:WCC)

TD Private Client Wealth LLC boosted its holdings in shares of WESCO International, Inc. (NYSE:WCC - Free Report) by 4,600.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,974 shares of the technology company's stock after acquiring an additional 1,932 shares during the period. TD Private Client Wealth LLC's holdings in WESCO International were worth $307,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of WCC. Whittier Trust Co. of Nevada Inc. increased its stake in WESCO International by 43.5% during the 4th 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. Parallel Advisors LLC increased its stake in WESCO International by 21.1% during the 1st quarter. Parallel Advisors LLC now owns 447 shares of the technology company's stock valued at $69,000 after purchasing an additional 78 shares in the last quarter. GAMMA Investing LLC increased its stake in WESCO International by 27.7% during the 1st quarter. GAMMA Investing LLC now owns 479 shares of the technology company's stock valued at $74,000 after purchasing an additional 104 shares in the last quarter. Millstone Evans Group LLC bought a new stake in WESCO International during the 4th quarter valued at about $122,000. Finally, NBC Securities Inc. increased its stake in WESCO International by 101,900.0% during the 1st quarter. NBC Securities Inc. now owns 1,020 shares of the technology company's stock valued at $158,000 after purchasing an additional 1,019 shares in the last quarter. 93.76% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other WESCO International news, EVP Christine Ann Wolf sold 3,106 shares of WESCO International stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $177.14, for a total transaction of $550,196.84. Following the transaction, the executive vice president owned 30,181 shares of the company's stock, valued at $5,346,262.34. The trade was a 9.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.10% of the stock is owned by corporate insiders.

WESCO International Stock Performance

Shares of WCC traded down $0.67 on Monday, reaching $198.38. The company's stock had a trading volume of 455,870 shares, compared to its average volume of 719,898. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.15 and a quick ratio of 1.23. The stock has a market capitalization of $9.68 billion, a P/E ratio of 15.01, a PEG ratio of 1.54 and a beta of 1.83. The stock's 50 day simple moving average is $176.69 and its two-hundred day simple moving average is $173.35. WESCO International, Inc. has a 12-month low of $125.21 and a 12-month high of $216.17.

WESCO International (NYSE:WCC - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The technology company reported $2.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.23 by ($0.02). The business had revenue of $5.34 billion during the quarter, compared to analysts' expectations of $5.27 billion. WESCO International had a return on equity of 13.40% and a net margin of 3.30%. The business's quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.30 EPS. Research analysts forecast that WESCO International, Inc. will post 13.3 earnings per share for the current fiscal year.

WESCO International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were issued a dividend of $0.4538 per share. This represents a $1.82 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend was Friday, June 13th. WESCO International's dividend payout ratio is currently 13.77%.

Wall Street Analysts Forecast Growth

WCC has been the subject of a number of analyst reports. Loop Capital reduced their price objective on shares of WESCO International from $250.00 to $220.00 and set a "buy" rating for the company in a research note on Monday, May 12th. JPMorgan Chase & Co. reduced their price objective on shares of WESCO International from $210.00 to $180.00 and set an "overweight" rating for the company in a research note on Tuesday, May 27th. Oppenheimer reduced their price target on shares of WESCO International from $225.00 to $195.00 and set an "outperform" rating for the company in a research note on Monday, May 5th. Finally, KeyCorp lifted their price target on shares of WESCO International from $180.00 to $210.00 and gave the stock an "overweight" rating in a research note on Friday, June 13th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $212.63.

WESCO International Company 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).