WESCO International, Inc. $WCC Shares Sold by Handelsbanken Fonder AB

Key Points

• Handelsbanken Fonder reduced its WESCO International stake by 24.9% in the second quarter, selling 20,916 shares and retaining 62,977 shares valued at approximately $21.8 million. Institutional investors and hedge funds 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 and pays a $0.50 quarterly dividend.
• Analyst sentiment remains broadly positive, with an average rating of “Buy” and a consensus price target of $374.29, despite mixed recent rating changes. Shares opened at $365.53 and have traded between $203.40 and $385.37 over the past year.

Handelsbanken Fonder AB trimmed its stake in shares of WESCO International, Inc. (NYSE:WCC - Free Report) by 24.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,977 shares of the technology company's stock after selling 20,916 shares during the quarter. Handelsbanken Fonder AB owned about 0.13% of WESCO International worth $21,754,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in WCC. Bank of New York Mellon Corp increased its stake in shares of WESCO International by 10.3% during the first quarter. Bank of New York Mellon Corp now owns 907,473 shares of the technology company's stock valued at $248,303,000 after acquiring an additional 84,905 shares during the period. Public Employees Retirement Association of Colorado lifted its position in 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 worth $21,686,000 after purchasing an additional 83,650 shares during the period. Van Lanschot Kempen Investment Management N.V. boosted its stake in 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 purchasing an additional 79,612 shares in the last quarter. Davis Selected Advisers boosted its stake in WESCO International by 24.6% during the 4th quarter. Davis Selected Advisers now owns 364,502 shares of the technology company's stock valued at $89,172,000 after purchasing an additional 71,932 shares in the last quarter. Finally, Azimuth Capital Investment Management LLC acquired a new position in shares of WESCO International during the 4th quarter valued at $17,545,000. 93.75% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at WESCO International

In other news, EVP Daniel J. Castillo bought 960 shares of the company's stock in a transaction dated Tuesday, August 4th. The shares were acquired at an average cost of $365.89 per share, with a total value of $351,254.40. Following the completion of the transaction, the executive vice president directly owned 16,305 shares in the company, valued at approximately $5,965,836.45. The trade was a 6.26% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.60% of the stock is currently owned by company insiders.

WESCO International Price Performance

Shares of NYSE:WCC opened at $365.53 on Thursday. The company has a market capitalization of $17.81 billion, a PE ratio of 25.26, a price-to-earnings-growth ratio of 2.18 and a beta of 1.54. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.23 and a current ratio of 2.09. The stock has a fifty day moving average of $343.13 and a 200-day moving average of $319.72. WESCO International, Inc. has a one year low of $203.40 and a one year high of $385.37.

WESCO International (NYSE:WCC - Get Free Report) last announced its earnings results on Thursday, July 30th. The technology company reported $4.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.98 by $0.59. WESCO International had a return on equity of 14.95% and a net margin of 2.84%.The company had revenue of $6.67 billion for the quarter, compared to analyst estimates of $6.44 billion. During the same period in the previous year, the firm earned $3.83 earnings per share. WESCO International's revenue for the quarter 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. As a group, equities analysts anticipate that WESCO International, Inc. will post 16.82 EPS for the current fiscal year.

WESCO International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 12th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Friday, June 12th. WESCO International's dividend payout ratio (DPR) is presently 13.82%.

Analyst Ratings Changes

Several analysts have recently weighed in on WCC shares. Stephens upgraded WESCO International from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $350.00 to $400.00 in a report on Tuesday, July 14th. Royal Bank Of Canada lifted their target price on WESCO International from $421.00 to $430.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. Weiss Ratings cut shares of WESCO International from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, July 31st. Zacks Research raised shares of WESCO International from a "hold" rating to a "strong-buy" rating in a report on Monday, August 3rd. Finally, KeyCorp raised their price objective on shares of WESCO International from $340.00 to $415.00 and gave the company an "overweight" rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus 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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