WESCO International, Inc. $WCC Shares Sold by Farmers & Merchants Investments Inc.

Farmers & Merchants Investments Inc. lowered its position in WESCO International, Inc. (NYSE:WCC) by 7.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 178,219 shares of the technology company’s stock after selling 15,058 shares during the quarter. WESCO International accounts for 1.1% of Farmers & Merchants Investments Inc.’s investment portfolio, making the stock its 18th biggest position. Farmers & Merchants Investments Inc. owned 0.37% of WESCO International worth $37,693,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WCC. Vaughan Nelson Investment Management L.P. acquired a new position in shares of WESCO International in the 2nd quarter valued at about $75,136,000. River Road Asset Management LLC raised its holdings in WESCO International by 56.0% in the second quarter. River Road Asset Management LLC now owns 605,918 shares of the technology company’s stock valued at $112,216,000 after buying an additional 217,417 shares during the period. Bank of New York Mellon Corp lifted its position in WESCO International by 4.9% during the second quarter. Bank of New York Mellon Corp now owns 795,629 shares of the technology company’s stock valued at $147,351,000 after buying an additional 36,843 shares in the last quarter. BNP Paribas Financial Markets lifted its position in WESCO International by 516.8% during the second quarter. BNP Paribas Financial Markets now owns 41,354 shares of the technology company’s stock valued at $7,659,000 after buying an additional 34,649 shares in the last quarter. Finally, Strs Ohio purchased a new stake in WESCO International during the first quarter worth approximately $5,036,000. 93.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on WCC. Weiss Ratings reissued 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 raised their price objective for the company from $262.00 to $302.00 in a research report on Wednesday, November 19th. Oppenheimer boosted their price objective on WESCO International from $225.00 to $255.00 and gave the stock an “outperform” rating in a research note on Friday, September 5th. Barclays raised 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, JPMorgan Chase & Co. increased their price objective on shares of WESCO International from $225.00 to $245.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, WESCO International has a consensus rating of “Moderate Buy” and a consensus price target of $256.38.

Insider Buying and Selling

In other WESCO International news, EVP Diane Lazzaris sold 4,039 shares of the stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $258.42, for a total value of $1,043,758.38. Following the sale, the executive vice president directly owned 45,401 shares of the company’s stock, valued at $11,732,526.42. This trade represents a 8.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Christine Ann Wolf sold 4,685 shares of the firm’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $259.52, for a total value of $1,215,851.20. Following the completion of the sale, the executive vice president owned 30,195 shares in the company, valued at $7,836,206.40. The trade was a 13.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 17,036 shares of company stock valued at $4,385,254. Insiders own 3.10% of the company’s stock.

WESCO International Stock Performance

Shares of WCC opened at $251.79 on Tuesday. The stock has a market capitalization of $12.25 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of 1.91 and a beta of 1.47. The business’s fifty day moving average price is $253.83 and its 200 day moving average price is $223.55. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.09 and a quick ratio of 1.20. WESCO International, Inc. has a 12-month low of $125.21 and a 12-month high of $279.04.

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

WESCO International Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, December 12th. WESCO International’s dividend payout ratio is presently 14.27%.

WESCO International 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.