MSC Industrial Direct Co., Inc. (NYSE:MSM) Shares Purchased by Signaturefd LLC

Signaturefd LLC boosted its holdings in MSC Industrial Direct Co., Inc. (NYSE:MSM) by 52.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,050 shares of the industrial products company’s stock after acquiring an additional 1,044 shares during the period. Signaturefd LLC’s holdings in MSC Industrial Direct were worth $309,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Bison Wealth LLC lifted its holdings in MSC Industrial Direct by 7.3% in the fourth quarter. Bison Wealth LLC now owns 2,685 shares of the industrial products company’s stock valued at $272,000 after acquiring an additional 182 shares during the last quarter. Verity Asset Management Inc. raised its position in MSC Industrial Direct by 3.9% in the third quarter. Verity Asset Management Inc. now owns 5,141 shares of the industrial products company’s stock valued at $505,000 after purchasing an additional 193 shares during the period. Arizona State Retirement System raised its position in MSC Industrial Direct by 1.7% in the third quarter. Arizona State Retirement System now owns 13,495 shares of the industrial products company’s stock valued at $1,325,000 after purchasing an additional 221 shares during the period. Butensky & Cohen Financial Security Inc. raised its position in MSC Industrial Direct by 0.5% in the fourth quarter. Butensky & Cohen Financial Security Inc. now owns 50,106 shares of the industrial products company’s stock valued at $5,074,000 after purchasing an additional 240 shares during the period. Finally, Contravisory Investment Management Inc. purchased a new stake in MSC Industrial Direct in the fourth quarter valued at approximately $25,000. 79.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Stephens reissued an “overweight” rating and issued a $110.00 target price on shares of MSC Industrial Direct in a research report on Monday, April 1st. KeyCorp cut their target price on MSC Industrial Direct from $105.00 to $102.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 10th. Finally, StockNews.com lowered MSC Industrial Direct from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, MSC Industrial Direct presently has an average rating of “Moderate Buy” and an average price target of $107.00.

MSC Industrial Direct Stock Down 0.0 %

MSC Industrial Direct stock opened at $93.22 on Friday. MSC Industrial Direct Co., Inc. has a twelve month low of $88.61 and a twelve month high of $105.77. The stock’s fifty day simple moving average is $96.66 and its 200-day simple moving average is $97.82. The company has a current ratio of 2.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $5.25 billion, a P/E ratio of 16.74 and a beta of 0.95.

MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings data on Thursday, March 28th. The industrial products company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.02. MSC Industrial Direct had a return on equity of 22.58% and a net margin of 7.89%. The business had revenue of $935.30 million for the quarter, compared to analyst estimates of $946.55 million. During the same quarter in the prior year, the company earned $1.45 earnings per share. The company’s revenue was down 2.7% on a year-over-year basis. As a group, equities analysts expect that MSC Industrial Direct Co., Inc. will post 5.69 earnings per share for the current fiscal year.

MSC Industrial Direct Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th were issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 3.56%. The ex-dividend date was Monday, April 8th. MSC Industrial Direct’s dividend payout ratio (DPR) is presently 59.61%.

Insider Activity at MSC Industrial Direct

In related news, Director Mitchell Jacobson sold 24,501 shares of the stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $99.31, for a total value of $2,433,194.31. Following the transaction, the director now owns 1,683,810 shares of the company’s stock, valued at $167,219,171.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 18.80% of the stock is currently owned by corporate insiders.

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.