Pathstone Family Office LLC Buys 2,113 Shares of MSC Industrial Direct Co., Inc. (NYSE:MSM)

Pathstone Family Office LLC raised its stake in MSC Industrial Direct Co., Inc. (NYSE:MSM – Get Rating) by 28.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,536 shares of the industrial products company’s stock after purchasing an additional 2,113 shares during the period. Pathstone Family Office LLC’s holdings in MSC Industrial Direct were worth $695,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Quadrant Capital Group LLC boosted its holdings in MSC Industrial Direct by 73.3% in the 3rd quarter. Quadrant Capital Group LLC now owns 350 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 148 shares during the period. Bessemer Group Inc. raised its stake in shares of MSC Industrial Direct by 1,379.3% in the 3rd quarter. Bessemer Group Inc. now owns 429 shares of the industrial products company’s stock valued at $31,000 after buying an additional 400 shares in the last quarter. Cary Street Partners Investment Advisory LLC raised its stake in shares of MSC Industrial Direct by 271.0% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 742 shares of the industrial products company’s stock valued at $54,000 after buying an additional 542 shares in the last quarter. IFP Advisors Inc raised its stake in shares of MSC Industrial Direct by 19.6% in the 3rd quarter. IFP Advisors Inc now owns 1,213 shares of the industrial products company’s stock valued at $114,000 after buying an additional 199 shares in the last quarter. Finally, Point72 Hong Kong Ltd raised its stake in shares of MSC Industrial Direct by 224.5% in the 1st quarter. Point72 Hong Kong Ltd now owns 1,441 shares of the industrial products company’s stock valued at $123,000 after buying an additional 997 shares in the last quarter. 73.89% of the stock is owned by institutional investors.

MSC Industrial Direct Trading Down 1.4 %

Shares of MSC Industrial Direct stock opened at $81.08 on Tuesday. The stock has a market capitalization of $4.53 billion, a P/E ratio of 12.79, a price-to-earnings-growth ratio of 2.71 and a beta of 1.02. The company has a quick ratio of 1.15, a current ratio of 2.14 and a debt-to-equity ratio of 0.32. The company has a 50-day simple moving average of $83.34 and a 200 day simple moving average of $81.41. MSC Industrial Direct Co., Inc. has a 12-month low of $71.32 and a 12-month high of $90.04.

MSC Industrial Direct (NYSE:MSM – Get Rating) last announced its earnings results on Thursday, January 5th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.02. The business had revenue of $957.75 million during the quarter, compared to analysts’ expectations of $948.17 million. MSC Industrial Direct had a net margin of 9.34% and a return on equity of 26.97%. Research analysts expect that MSC Industrial Direct Co., Inc. will post 6.07 earnings per share for the current fiscal year.

MSC Industrial Direct Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 24th. Investors of record on Tuesday, January 10th were given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date was Monday, January 9th. MSC Industrial Direct’s dividend payout ratio (DPR) is currently 49.84%.

Insider Buying and Selling

In related news, EVP Douglas E. Jones sold 23,918 shares of the stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $89.92, for a total transaction of $2,150,706.56. Following the completion of the sale, the executive vice president now owns 5,823 shares in the company, valued at approximately $523,604.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other MSC Industrial Direct news, EVP Douglas E. Jones sold 23,918 shares of the stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $89.92, for a total transaction of $2,150,706.56. Following the sale, the executive vice president now owns 5,823 shares of the company’s stock, valued at approximately $523,604.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Douglas E. Jones sold 885 shares of the stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $88.00, for a total transaction of $77,880.00. Following the sale, the executive vice president now directly owns 4,938 shares in the company, valued at approximately $434,544. The disclosure for this sale can be found here. 28.39% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Robert W. Baird increased their price objective on shares of MSC Industrial Direct from $92.00 to $95.00 in a research note on Friday, January 6th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $93.00.

MSC Industrial Direct Profile

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MSC Industrial Direct Co, Inc engages in the distribution of metalworking and maintenance, repair, and operations products and services. Its products include cutting tools, measuring instruments, tooling components, metalworking, 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.