MSC Industrial Direct Company, Inc. (NYSE:MSM) Shares Acquired by Raiffeisen Bank International AG

Raiffeisen Bank International AG grew its holdings in MSC Industrial Direct Company, Inc. (NYSE:MSM) by 37.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,214 shares of the industrial products company’s stock after acquiring an additional 3,864 shares during the period. Raiffeisen Bank International AG’s holdings in MSC Industrial Direct were worth $1,104,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Treasurer of the State of North Carolina boosted its holdings in shares of MSC Industrial Direct by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 20,179 shares of the industrial products company’s stock valued at $1,507,000 after acquiring an additional 130 shares during the last quarter. Covestor Ltd boosted its holdings in shares of MSC Industrial Direct by 6.6% in the 4th quarter. Covestor Ltd now owns 2,325 shares of the industrial products company’s stock valued at $174,000 after acquiring an additional 143 shares during the last quarter. Beverly Hills Private Wealth LLC boosted its holdings in shares of MSC Industrial Direct by 4.5% in the 1st quarter. Beverly Hills Private Wealth LLC now owns 3,755 shares of the industrial products company’s stock valued at $292,000 after acquiring an additional 163 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of MSC Industrial Direct by 6.1% in the 1st quarter. Parallel Advisors LLC now owns 3,792 shares of the industrial products company’s stock valued at $295,000 after acquiring an additional 217 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of MSC Industrial Direct by 47.1% in the 1st quarter. GAMMA Investing LLC now owns 681 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 218 shares during the last quarter. 79.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at MSC Industrial Direct

In related news, SVP Kimberly Shacklett sold 2,130 shares of the firm’s stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $92.00, for a total transaction of $195,960.00. Following the completion of the sale, the senior vice president directly owned 14,657 shares in the company, valued at approximately $1,348,444. This trade represents a 12.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 18.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on MSM shares. Loop Capital increased their price target on shares of MSC Industrial Direct from $74.00 to $84.00 and gave the stock a “hold” rating in a report on Wednesday, July 2nd. JPMorgan Chase & Co. raised shares of MSC Industrial Direct from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $73.00 to $89.00 in a report on Tuesday, May 27th. Industrial Alliance Securities set a $89.00 price target on shares of MSC Industrial Direct in a report on Tuesday, May 27th. Robert W. Baird increased their price target on shares of MSC Industrial Direct from $84.00 to $95.00 and gave the stock a “neutral” rating in a report on Wednesday, July 2nd. Finally, Stephens increased their price target on shares of MSC Industrial Direct from $85.00 to $90.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 2nd. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $90.33.

MSC Industrial Direct Stock Performance

MSM opened at $85.38 on Tuesday. The firm’s fifty day simple moving average is $85.20 and its two-hundred day simple moving average is $80.92. The company has a quick ratio of 0.91, a current ratio of 1.92 and a debt-to-equity ratio of 0.21. The company has a market cap of $4.75 billion, a price-to-earnings ratio of 24.12 and a beta of 0.92. MSC Industrial Direct Company, Inc. has a 52-week low of $68.10 and a 52-week high of $92.68.

MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings results on Tuesday, July 1st. The industrial products company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.05. The firm had revenue of $971.15 million for the quarter, compared to the consensus estimate of $969.72 million. MSC Industrial Direct had a net margin of 5.30% and a return on equity of 14.99%. The company’s revenue for the quarter was down .8% on a year-over-year basis. During the same period last year, the firm posted $1.33 earnings per share. Equities analysts anticipate that MSC Industrial Direct Company, Inc. will post 3.57 earnings per share for the current fiscal year.

MSC Industrial Direct Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 9th were paid a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Wednesday, July 9th. MSC Industrial Direct’s dividend payout ratio (DPR) is currently 96.05%.

MSC Industrial Direct Company Profile

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