Burns Matteson Capital Management LLC Takes $464,000 Position in WESCO International, Inc. $WCC

Burns Matteson Capital Management LLC acquired a new position in shares of WESCO International, Inc. (NYSE:WCC) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,193 shares of the technology company’s stock, valued at approximately $464,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Ameriprise Financial Inc. boosted its stake in WESCO International by 21.2% during the first quarter. Ameriprise Financial Inc. now owns 309,081 shares of the technology company’s stock worth $48,001,000 after buying an additional 54,046 shares during the period. Gabelli Funds LLC lifted its holdings in shares of WESCO International by 210.0% in the 1st quarter. Gabelli Funds LLC now owns 10,850 shares of the technology company’s stock worth $1,685,000 after acquiring an additional 7,350 shares during the last quarter. United Services Automobile Association purchased a new position in shares of WESCO International during the 1st quarter worth approximately $455,000. Strs Ohio acquired a new stake in WESCO International in the 1st quarter valued at approximately $5,036,000. Finally, Parallel Advisors LLC raised its holdings in shares of WESCO International by 13.4% in the 2nd quarter. Parallel Advisors LLC now owns 507 shares of the technology company’s stock valued at $94,000 after buying an additional 60 shares during the period. 93.75% of the stock is currently owned by hedge funds and other institutional investors.

WESCO International Stock Down 0.3%

Shares of NYSE WCC opened at $253.82 on Friday. The company has a market capitalization of $12.35 billion, a price-to-earnings ratio of 19.91, a price-to-earnings-growth ratio of 1.91 and a beta of 1.47. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.09 and a quick ratio of 1.20. The business has a 50-day moving average of $253.18 and a two-hundred day moving average of $222.40. WESCO International, Inc. has a 1 year low of $125.21 and a 1 year high of $279.04.

WESCO International (NYSE:WCC) last issued its earnings results on Thursday, October 30th. The technology company reported $3.92 earnings per share for the quarter, topping the consensus estimate of $3.75 by $0.17. The business had revenue of $6.20 billion for the quarter, compared to analyst estimates of $5.91 billion. WESCO International had a return on equity of 13.12% and a net margin of 2.81%.The business’s quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter last year, the company earned $3.58 EPS. WESCO International has set its FY 2025 guidance at 13.100-13.600 EPS. On average, analysts forecast that WESCO International, Inc. will post 13.3 earnings per share for the current fiscal year.

WESCO International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th will be given a dividend of $0.4538 per share. This represents a $1.82 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, December 12th. WESCO International’s payout ratio is currently 14.27%.

Insider Activity

In related news, CAO Matthew S. Kulasa sold 790 shares of the stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $253.18, for a total value of $200,012.20. Following the transaction, the chief accounting officer directly owned 3,320 shares of the company’s stock, valued at $840,557.60. This trade represents a 19.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Diane Lazzaris sold 7,522 shares of the business’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $256.00, for a total transaction of $1,925,632.00. Following the completion of the sale, the executive vice president directly owned 45,401 shares of the company’s stock, valued at approximately $11,622,656. This trade represents a 14.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 17,036 shares of company stock worth $4,385,254. Corporate insiders own 3.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Oppenheimer upped their target price on shares of WESCO International from $225.00 to $255.00 and gave the stock an “outperform” rating in a research note on Friday, September 5th. Weiss Ratings restated a “hold (c+)” rating on shares of WESCO International in a research note on Wednesday, October 8th. Royal Bank Of Canada raised WESCO International from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $262.00 to $302.00 in a research report on Wednesday, November 19th. Barclays lifted their target price on WESCO International from $258.00 to $274.00 and gave the company an “overweight” rating in a report on Thursday, November 13th. Finally, Wall Street Zen cut WESCO International from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, WESCO International currently has a consensus rating of “Moderate Buy” and an average target price of $256.38.

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.