WESCO International, Inc. $WCC Shares Sold by Wellington Management Group LLP

Key Points

• Wellington Management Group reduced its WESCO International stake by 43.9% in the second quarter, selling 1.58 million shares and retaining 2.02 million shares worth approximately $697.2 million. Institutional investors and hedge funds collectively own 93.75% of WESCO’s stock.
• 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 issued fiscal 2026 EPS guidance of $16.00 to $17.50.
• The company declared a quarterly dividend of $0.50 per share, equivalent to a $2.00 annualized payout and a 0.6% yield. Analysts maintain a consensus “Buy” rating with an average price target of $374.29.

Wellington Management Group LLP cut its holdings in WESCO International, Inc. (NYSE:WCC - Free Report) by 43.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,018,251 shares of the technology company's stock after selling 1,581,864 shares during the period. Wellington Management Group LLP owned about 4.14% of WESCO International worth $697,164,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in WCC. Beacon Pointe Advisors LLC purchased a new position in WESCO International in the second quarter valued at approximately $459,000. Empowered Funds LLC purchased a new position in WESCO International during the 2nd quarter worth approximately $5,555,000. United Capital Financial Advisors LLC acquired a new position in WESCO International during the second quarter worth approximately $248,000. Formula Growth Ltd. acquired a new position in WESCO International during the second quarter worth approximately $794,000. Finally, Coastal Bridge Advisors LLC purchased a new stake in WESCO International in the second quarter valued at approximately $3,074,000. 93.75% of the stock is owned by institutional investors and hedge funds.

WESCO International Trading Down 4.1%

NYSE:WCC opened at $336.34 on Friday. The firm has a market cap of $16.39 billion, a P/E ratio of 23.24, a PEG ratio of 2.01 and a beta of 1.54. The company has a current ratio of 2.09, a quick ratio of 1.23 and a debt-to-equity ratio of 1.13. The stock's 50 day simple moving average is $342.01 and its 200-day simple moving average is $323.99. 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 posted its quarterly earnings data on Thursday, July 30th. The technology company reported $4.57 earnings per share for the quarter, beating analysts' consensus estimates of $3.98 by $0.59. WESCO International had a net margin of 2.84% and a return on equity of 14.95%. The firm had revenue of $6.67 billion for the quarter, compared to analyst estimates of $6.44 billion. During the same period last year, the firm posted $3.83 EPS. WESCO International's quarterly revenue was up 13.0% on a year-over-year basis. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. Equities analysts anticipate that WESCO International, Inc. will post 16.77 EPS for the current year.

WESCO International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 11th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, September 11th. WESCO International's dividend payout ratio is currently 13.82%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on WCC. DA Davidson assumed coverage on shares of WESCO International in a research report on Tuesday, June 16th. They set a "buy" rating and a $440.00 target price on the stock. Royal Bank Of Canada upped their price target on shares of WESCO International from $421.00 to $430.00 and gave the company an "outperform" rating in a research report on Friday, July 31st. Zacks Research upgraded shares of WESCO International from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 3rd. 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. Finally, Stephens raised shares of WESCO International from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $350.00 to $400.00 in a report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. According to MarketBeat, WESCO International currently has an average rating of "Buy" and a consensus target price of $374.29.

Insider Activity at WESCO International

In related news, EVP Akash Khurana sold 3,400 shares of the company's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $366.78, for a total transaction of $1,247,052.00. Following the transaction, the executive vice president owned 27,404 shares of the company's stock, valued at $10,051,239.12. This represents a 11.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Laura K. Thompson sold 270 shares of the stock in a transaction 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 transaction, the director owned 10,720 shares of the company's stock, valued at $3,949,784. The trade was a 2.46% decrease in their position. The SEC filing for this sale provides additional information. 2.60% of the stock is owned by insiders.

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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