MSC Industrial Direct Co Inc (MSM) Stake Increased by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA raised its position in shares of MSC Industrial Direct Co Inc (NYSE:MSM) by 69.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 327,419 shares of the industrial products company’s stock after buying an additional 134,287 shares during the period. Massachusetts Financial Services Co. MA’s holdings in MSC Industrial Direct were worth $28,849,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MSM. Macquarie Group Ltd. acquired a new stake in shares of MSC Industrial Direct during the second quarter worth approximately $110,000. CHICAGO TRUST Co NA acquired a new stake in shares of MSC Industrial Direct during the second quarter worth approximately $218,000. Nomura Holdings Inc. acquired a new stake in shares of MSC Industrial Direct during the second quarter worth approximately $219,000. Meeder Asset Management Inc. increased its holdings in shares of MSC Industrial Direct by 374.5% during the second quarter. Meeder Asset Management Inc. now owns 3,089 shares of the industrial products company’s stock worth $262,000 after buying an additional 2,438 shares in the last quarter. Finally, Itau Unibanco Holding S.A. increased its holdings in shares of MSC Industrial Direct by 703.7% during the second quarter. Itau Unibanco Holding S.A. now owns 3,271 shares of the industrial products company’s stock worth $278,000 after buying an additional 2,864 shares in the last quarter. 75.39% of the stock is owned by institutional investors.

In other MSC Industrial Direct news, Director Denis F. Kelly sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $88.43, for a total value of $132,645.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 31.28% of the stock is currently owned by company insiders.

Several analysts have recently weighed in on MSM shares. BMO Capital Markets dropped their price objective on shares of MSC Industrial Direct from $104.00 to $92.00 and set a “market perform” rating for the company in a report on Thursday, July 12th. Wells Fargo & Co dropped their price objective on shares of MSC Industrial Direct from $95.00 to $87.00 and set a “market perform” rating for the company in a report on Thursday, July 12th. Northcoast Research set a $95.00 price objective on shares of MSC Industrial Direct and gave the stock a “buy” rating in a report on Friday, July 13th. ValuEngine raised shares of MSC Industrial Direct from a “sell” rating to a “hold” rating in a report on Saturday, July 14th. Finally, Zacks Investment Research raised shares of MSC Industrial Direct from a “sell” rating to a “hold” rating in a research note on Sunday, July 15th. Ten research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $100.00.

MSM opened at $83.88 on Friday. MSC Industrial Direct Co Inc has a one year low of $75.34 and a one year high of $99.94. The company has a current ratio of 2.34, a quick ratio of 1.14 and a debt-to-equity ratio of 0.22. The company has a market cap of $4.74 billion, a PE ratio of 16.51, a P/E/G ratio of 0.95 and a beta of 0.64.

MSC Industrial Direct (NYSE:MSM) last released its quarterly earnings results on Tuesday, October 30th. The industrial products company reported $1.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.29 by $0.03. MSC Industrial Direct had a net margin of 10.28% and a return on equity of 21.36%. The business had revenue of $838.00 million for the quarter, compared to analysts’ expectations of $838.88 million. During the same period in the prior year, the firm earned $1.07 earnings per share. MSC Industrial Direct’s revenue was up 11.2% compared to the same quarter last year. As a group, equities analysts anticipate that MSC Industrial Direct Co Inc will post 5.9 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 27th. Shareholders of record on Tuesday, November 13th will be paid a $0.63 dividend. The ex-dividend date is Friday, November 9th. This is a boost from MSC Industrial Direct’s previous quarterly dividend of $0.58. This represents a $2.52 dividend on an annualized basis and a yield of 3.00%. MSC Industrial Direct’s dividend payout ratio (DPR) is presently 45.67%.

MSC Industrial Direct Company Profile

MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes various ranges of metalworking and maintenance, repair, and operations (MRO) products primarily in the United States, Canada, and the United Kingdom. The company's MRO products comprise cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock, raw materials, abrasives, machinery hand and power tools, safety and janitorial supplies, plumbing supplies, materials handling products, power transmission components, and electrical supplies.

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Institutional Ownership by Quarter for MSC Industrial Direct (NYSE:MSM)

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