Bank of New York Mellon Corp Purchases 10,016 Shares of WESCO International, Inc. (NYSE:WCC)

Bank of New York Mellon Corp grew its position in WESCO International, Inc. (NYSE:WCC - Free Report) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 403,216 shares of the technology company's stock after purchasing an additional 10,016 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.82% of WESCO International worth $72,966,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Geode Capital Management LLC grew its stake in WESCO International by 3.0% during the third 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 during the last quarter. Thompson Siegel & Walmsley LLC grew its position in WESCO International by 341.8% during the 3rd 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 during the last quarter. Farmers & Merchants Investments Inc. increased its holdings in WESCO International by 0.4% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 195,731 shares of the technology company's stock valued at $35,419,000 after purchasing an additional 752 shares in the last quarter. Handelsbanken Fonder AB raised its position in WESCO International by 167.3% in the 4th quarter. Handelsbanken Fonder AB now owns 192,182 shares of the technology company's stock valued at $34,777,000 after purchasing an additional 120,289 shares during the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc grew its holdings in shares of WESCO International by 0.5% during the third quarter. AEGON ASSET MANAGEMENT UK Plc now owns 186,081 shares of the technology company's stock worth $31,258,000 after purchasing an additional 983 shares during the last quarter. Institutional investors and hedge funds own 93.76% of the company's stock.

Analyst Ratings Changes

WCC has been the topic of a number of recent research reports. Royal Bank of Canada increased their price objective on WESCO International from $212.00 to $213.00 and gave the company a "sector perform" rating in a research report on Wednesday, February 12th. Stephens boosted their price objective on WESCO International from $205.00 to $215.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. KeyCorp boosted their price target on shares of WESCO International from $225.00 to $245.00 and gave the stock an "overweight" rating in a research note on Monday, December 9th. Jefferies Financial Group raised their price objective on shares of WESCO International from $225.00 to $245.00 and gave the company a "buy" rating in a research note on Friday, December 6th. Finally, StockNews.com lowered shares of WESCO International from a "buy" rating to a "hold" rating in a report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $218.88.

WESCO International Price Performance

Shares of WCC stock traded up $7.11 on Wednesday, hitting $170.85. 443,922 shares of the company's stock were exchanged, compared to its average volume of 706,131. The company has a 50 day moving average of $185.70 and a 200 day moving average of $182.40. WESCO International, Inc. has a 12 month low of $143.06 and a 12 month high of $216.17. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.20 and a quick ratio of 1.27. The stock has a market cap of $8.34 billion, a P/E ratio of 13.09, a price-to-earnings-growth ratio of 1.45 and a beta of 2.01.

WESCO International (NYSE:WCC - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The technology company reported $3.16 earnings per share for the quarter, missing the consensus estimate of $3.23 by ($0.07). WESCO International had a return on equity of 13.63% and a net margin of 3.29%. On average, equities research analysts predict that WESCO International, Inc. will post 13.3 EPS for the current year.

WESCO International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.4538 per share. This is an increase from WESCO International's previous quarterly dividend of $0.41. This represents a $1.82 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Friday, March 14th. WESCO International's dividend payout ratio is currently 12.62%.

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).