WESCO International, Inc. (NYSE:WCC) Shares Acquired by Farmers & Merchants Investments Inc.

Farmers & Merchants Investments Inc. increased its position in shares of WESCO International, Inc. (NYSE:WCC) by 0.4% in the 4th quarter, HoldingsChannel reports. The firm owned 195,731 shares of the technology company’s stock after purchasing an additional 752 shares during the period. WESCO International comprises approximately 1.1% of Farmers & Merchants Investments Inc.’s holdings, making the stock its 17th largest position. Farmers & Merchants Investments Inc.’s holdings in WESCO International were worth $35,419,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in shares of WESCO International by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 762,653 shares of the technology company’s stock worth $128,143,000 after buying an additional 22,080 shares in the last quarter. Thompson Siegel & Walmsley LLC raised its position in WESCO International by 341.8% in the third quarter. Thompson Siegel & Walmsley LLC now owns 258,486 shares of the technology company’s stock worth $43,420,000 after acquiring an additional 199,975 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc lifted its holdings in WESCO International by 0.5% in the third quarter. AEGON ASSET MANAGEMENT UK Plc now owns 186,081 shares of the technology company’s stock valued at $31,258,000 after acquiring an additional 983 shares during the period. Harbor Capital Advisors Inc. boosted its position in shares of WESCO International by 142.8% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 30,063 shares of the technology company’s stock worth $5,050,000 after purchasing an additional 17,682 shares in the last quarter. Finally, Van ECK Associates Corp grew its stake in shares of WESCO International by 128.3% during the 3rd quarter. Van ECK Associates Corp now owns 29,666 shares of the technology company’s stock worth $5,182,000 after purchasing an additional 16,673 shares during the period. Institutional investors and hedge funds own 93.76% of the company’s stock.

WESCO International Stock Down 1.2 %

Shares of NYSE:WCC opened at $185.60 on Friday. The company has a quick ratio of 1.29, a current ratio of 2.21 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $9.09 billion, a P/E ratio of 14.86, a P/E/G ratio of 1.34 and a beta of 2.01. WESCO International, Inc. has a 52-week low of $132.37 and a 52-week high of $216.17. The stock’s fifty day simple moving average is $188.49 and its 200-day simple moving average is $179.15.

WESCO International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a dividend of $0.4125 per share. The ex-dividend date was Friday, December 13th. This represents a $1.65 annualized dividend and a dividend yield of 0.89%. WESCO International’s dividend payout ratio is currently 13.21%.

Analysts Set New Price Targets

WCC has been the subject of several recent analyst reports. StockNews.com upgraded shares of WESCO International from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Stephens lifted their price target on shares of WESCO International from $190.00 to $205.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Jefferies Financial Group upped their price target on WESCO International from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, December 6th. KeyCorp boosted their target price on WESCO International from $225.00 to $245.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Finally, Oppenheimer upped their target price on WESCO International from $205.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, November 1st. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, WESCO International has a consensus rating of “Buy” and a consensus price target of $215.88.

Insider Transactions at WESCO International

In related news, CFO David S. Schulz sold 14,938 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $206.55, for a total transaction of $3,085,443.90. Following the sale, the chief financial officer now owns 104,471 shares in the company, valued at approximately $21,578,485.05. This trade represents a 12.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP William Clayton Geary sold 2,829 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $205.73, for a total value of $582,010.17. Following the completion of the transaction, the executive vice president now owns 35,063 shares of the company’s stock, valued at $7,213,510.99. This trade represents a 7.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.

About WESCO International

WESCO International, Inc provides business-to-business distribution, logistics services, and supply chain solutions in the United States, Canada, and internationally. It operates through three segments: Electrical & Electronic Solutions (EES), Communications & Security Solutions (CSS), and Utility and Broadband Solutions (UBS).