Mutual of America Capital Management LLC Sells 2,146 Shares of MSC Industrial Direct Co., Inc. (NYSE:MSM)

Mutual of America Capital Management LLC reduced its holdings in shares of MSC Industrial Direct Co., Inc. (NYSE:MSM) by 7.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 28,668 shares of the industrial products company’s stock after selling 2,146 shares during the quarter. Mutual of America Capital Management LLC’s holdings in MSC Industrial Direct were worth $2,903,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Global Retirement Partners LLC boosted its stake in shares of MSC Industrial Direct by 9.2% during the 3rd quarter. Global Retirement Partners LLC now owns 1,160 shares of the industrial products company’s stock worth $115,000 after acquiring an additional 98 shares during the period. Verity Asset Management Inc. boosted its stake in shares of MSC Industrial Direct by 3.9% during the 3rd quarter. Verity Asset Management Inc. now owns 5,141 shares of the industrial products company’s stock worth $505,000 after acquiring an additional 193 shares during the period. Stifel Financial Corp boosted its stake in shares of MSC Industrial Direct by 2.9% during the 3rd quarter. Stifel Financial Corp now owns 7,056 shares of the industrial products company’s stock worth $693,000 after acquiring an additional 197 shares during the period. Arizona State Retirement System boosted its stake in shares of MSC Industrial Direct by 1.7% during the 3rd quarter. Arizona State Retirement System now owns 13,495 shares of the industrial products company’s stock worth $1,325,000 after acquiring an additional 221 shares during the period. Finally, Commonwealth Equity Services LLC boosted its stake in shares of MSC Industrial Direct by 6.0% during the 1st quarter. Commonwealth Equity Services LLC now owns 3,930 shares of the industrial products company’s stock worth $330,000 after acquiring an additional 222 shares during the period. 79.26% of the stock is currently owned by institutional investors.

MSC Industrial Direct Stock Performance

MSM opened at $91.46 on Friday. The business has a fifty day simple moving average of $97.34 and a 200 day simple moving average of $98.06. The company has a market capitalization of $5.15 billion, a PE ratio of 16.42 and a beta of 0.95. MSC Industrial Direct Co., Inc. has a 1 year low of $88.14 and a 1 year high of $105.77. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.01 and a quick ratio of 0.92.

MSC Industrial Direct (NYSE:MSM) last announced its quarterly earnings data on Thursday, March 28th. The industrial products company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.02. The firm had revenue of $935.30 million during the quarter, compared to analysts’ expectations of $946.55 million. MSC Industrial Direct had a return on equity of 22.58% and a net margin of 7.89%. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.45 EPS. Research analysts expect that MSC Industrial Direct Co., Inc. will post 5.79 EPS for the current year.

MSC Industrial Direct Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th will be issued a $0.83 dividend. The ex-dividend date is Monday, April 8th. This represents a $3.32 annualized dividend and a yield of 3.63%. MSC Industrial Direct’s dividend payout ratio is presently 59.61%.

Insider Buying and Selling at MSC Industrial Direct

In other MSC Industrial Direct news, Director Mitchell Jacobson sold 18,746 shares of MSC Industrial Direct stock in a transaction on Friday, January 26th. The stock was sold at an average price of $97.63, for a total value of $1,830,171.98. Following the completion of the transaction, the director now directly owns 1,846,027 shares of the company’s stock, valued at approximately $180,227,616.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 232,003 shares of company stock valued at $22,679,413 in the last three months. Corporate insiders own 18.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MSM. Stephens reiterated an “overweight” rating and set a $110.00 target price on shares of MSC Industrial Direct in a research note on Monday, April 1st. KeyCorp reduced their price target on MSC Industrial Direct from $105.00 to $102.00 and set an “overweight” rating for the company in a research note on Wednesday, January 10th. Finally, StockNews.com downgraded MSC Industrial Direct from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, MSC Industrial Direct has a consensus rating of “Moderate Buy” and an average target price of $107.00.

MSC Industrial Direct 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.