Barrow Hanley Mewhinney & Strauss LLC Raises Holdings in WESCO International, Inc. $WCC

Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of WESCO International, Inc. (NYSE:WCC) by 19.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 686,630 shares of the technology company’s stock after buying an additional 111,930 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned 1.41% of WESCO International worth $145,222,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Lazard Asset Management LLC boosted its holdings in WESCO International by 1.4% in the second quarter. Lazard Asset Management LLC now owns 4,006 shares of the technology company’s stock worth $740,000 after acquiring an additional 54 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of WESCO International by 6.3% during the third quarter. Farther Finance Advisors LLC now owns 1,340 shares of the technology company’s stock valued at $283,000 after acquiring an additional 79 shares in the last quarter. Foster & Motley Inc. raised its position in shares of WESCO International by 4.4% in the 3rd quarter. Foster & Motley Inc. now owns 2,117 shares of the technology company’s stock valued at $448,000 after purchasing an additional 90 shares during the last quarter. Rossby Financial LCC boosted its stake in WESCO International by 117.4% in the 3rd quarter. Rossby Financial LCC now owns 200 shares of the technology company’s stock worth $43,000 after purchasing an additional 108 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its stake in WESCO International by 129.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 232 shares of the technology company’s stock worth $43,000 after purchasing an additional 131 shares in the last quarter. Institutional investors own 93.75% of the company’s stock.

Insider Transactions at WESCO International

In other news, EVP Diane Lazzaris sold 2,747 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $302.61, for a total transaction of $831,269.67. Following the completion of the sale, the executive vice president owned 28,865 shares in the company, valued at $8,734,837.65. This trade represents a 8.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 20,114 shares of company stock worth $6,128,353 in the last ninety days. 3.10% of the stock is currently owned by company insiders.

WESCO International Stock Performance

WCC opened at $268.75 on Wednesday. The firm has a fifty day moving average price of $285.57 and a 200 day moving average price of $254.21. WESCO International, Inc. has a 1 year low of $125.21 and a 1 year high of $319.67. The stock has a market cap of $13.08 billion, a P/E ratio of 20.58, a P/E/G ratio of 1.72 and a beta of 1.45. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.20 and a quick ratio of 1.27.

WESCO International (NYSE:WCC) last posted its quarterly earnings data on Tuesday, February 10th. The technology company reported $3.40 EPS for the quarter, missing analysts’ consensus estimates of $3.82 by ($0.42). WESCO International had a net margin of 2.72% and a return on equity of 13.00%. The business had revenue of $6.07 billion during the quarter, compared to analysts’ expectations of $6.03 billion. During the same quarter last year, the firm earned $3.16 earnings per share. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. WESCO International has set its FY 2026 guidance at 14.500-16.500 EPS. Equities research analysts anticipate that WESCO International, Inc. will post 13.3 earnings per share for the current year.

WESCO International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be issued a $0.50 dividend. This is an increase from WESCO International’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, March 13th. WESCO International’s payout ratio is currently 13.94%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on WCC shares. Royal Bank Of Canada upped their price target on shares of WESCO International from $316.00 to $335.00 and gave the company an “outperform” rating in a research note on Wednesday, February 11th. JPMorgan Chase & Co. boosted their price objective on shares of WESCO International from $260.00 to $290.00 and gave the company an “overweight” rating in a report on Friday, January 16th. KeyCorp set a $340.00 target price on WESCO International in a research report on Wednesday, February 11th. Wall Street Zen lowered WESCO International from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of WESCO International in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, WESCO International has a consensus rating of “Moderate Buy” and a consensus price target of $276.00.

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.