Dorsey & Whitney Trust CO LLC Makes New Investment in WESCO International, Inc. (NYSE:WCC)

Dorsey & Whitney Trust CO LLC acquired a new stake in WESCO International, Inc. (NYSE:WCC) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 1,129 shares of the technology company’s stock, valued at approximately $204,000.

A number of other hedge funds also recently made changes to their positions in WCC. V Square Quantitative Management LLC raised its position in WESCO International by 39.9% in the fourth quarter. V Square Quantitative Management LLC now owns 235 shares of the technology company’s stock worth $43,000 after purchasing an additional 67 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of WESCO International by 25.0% during the 4th quarter. GAMMA Investing LLC now owns 375 shares of the technology company’s stock worth $68,000 after buying an additional 75 shares during the period. Integrated Investment Consultants LLC acquired a new stake in WESCO International in the 4th quarter valued at $278,000. Burns Matteson Capital Management LLC acquired a new position in WESCO International during the fourth quarter worth $390,000. Finally, Jones Financial Companies Lllp increased its position in shares of WESCO International by 44.8% during the 4th quarter. Jones Financial Companies Lllp now owns 3,314 shares of the technology company’s stock worth $600,000 after purchasing an additional 1,026 shares in the last quarter. Institutional investors and hedge funds own 93.76% of the company’s stock.

WESCO International Stock Up 1.0 %

NYSE:WCC opened at $158.37 on Wednesday. The company has a market cap of $7.73 billion, a price-to-earnings ratio of 12.12, a P/E/G ratio of 1.45 and a beta of 2.00. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.27 and a current ratio of 2.20. The stock’s fifty day moving average price is $184.12 and its two-hundred day moving average price is $182.52. WESCO International, Inc. has a 52-week low of $143.06 and a 52-week high of $216.17.

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

WESCO International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.4538 dividend. This represents a $1.82 annualized dividend and a dividend yield of 1.15%. The ex-dividend date is Friday, March 14th. This is a positive change from WESCO International’s previous quarterly dividend of $0.41. WESCO International’s dividend payout ratio (DPR) is 13.85%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. KeyCorp boosted their price target on shares of WESCO International from $225.00 to $245.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. StockNews.com downgraded WESCO International from a “buy” rating to a “hold” rating in a report on Wednesday, February 12th. Jefferies Financial Group increased their price target on WESCO International from $225.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Royal Bank of Canada lifted 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. Finally, Stephens increased their target price on WESCO International from $205.00 to $215.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $218.88.

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).