Nisa Investment Advisors LLC Cuts Stake in MSC Industrial Direct Co., Inc. (NYSE:MSM)

Nisa Investment Advisors LLC lowered its stake in shares of MSC Industrial Direct Co., Inc. (NYSE:MSM) by 1.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,256 shares of the industrial products company’s stock after selling 150 shares during the period. Nisa Investment Advisors LLC’s holdings in MSC Industrial Direct were worth $1,131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in MSC Industrial Direct by 30.0% in the 1st quarter. GAMMA Investing LLC now owns 528 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 122 shares in the last quarter. Carolina Wealth Advisors LLC lifted its position in shares of MSC Industrial Direct by 3.3% in the first quarter. Carolina Wealth Advisors LLC now owns 3,978 shares of the industrial products company’s stock worth $386,000 after buying an additional 127 shares in the last quarter. WCM Investment Management LLC boosted its stake in MSC Industrial Direct by 8.3% during the first quarter. WCM Investment Management LLC now owns 2,340 shares of the industrial products company’s stock valued at $227,000 after buying an additional 179 shares during the last quarter. Rockland Trust Co. grew its holdings in MSC Industrial Direct by 2.0% during the 1st quarter. Rockland Trust Co. now owns 10,471 shares of the industrial products company’s stock valued at $1,016,000 after buying an additional 207 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in MSC Industrial Direct by 0.3% in the 4th quarter. Franklin Resources Inc. now owns 97,323 shares of the industrial products company’s stock worth $9,855,000 after acquiring an additional 258 shares during the last quarter. Hedge funds and other institutional investors own 79.26% of the company’s stock.

MSC Industrial Direct Trading Down 1.0 %

MSM opened at $81.18 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.92 and a current ratio of 2.01. The stock’s 50 day moving average price is $81.06 and its 200-day moving average price is $89.61. MSC Industrial Direct Co., Inc. has a one year low of $75.05 and a one year high of $105.77. The stock has a market cap of $4.56 billion, a price-to-earnings ratio of 15.87 and a beta of 0.88.

MSC Industrial Direct (NYSE:MSM) last announced its quarterly earnings data on Tuesday, July 2nd. The industrial products company reported $1.33 EPS for the quarter, meeting the consensus estimate of $1.33. The company had revenue of $979.40 million for the quarter, compared to the consensus estimate of $979.10 million. MSC Industrial Direct had a return on equity of 21.31% and a net margin of 7.44%. MSC Industrial Direct’s quarterly revenue was down 7.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.74 EPS. On average, equities analysts forecast that MSC Industrial Direct Co., Inc. will post 4.84 EPS for the current year.

MSC Industrial Direct Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 23rd. Shareholders of record on Tuesday, July 9th were given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date was Tuesday, July 9th. MSC Industrial Direct’s dividend payout ratio (DPR) is 64.47%.

Insiders Place Their Bets

In other news, SVP Kimberly Shacklett sold 4,885 shares of the business’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $84.60, for a total transaction of $413,271.00. Following the sale, the senior vice president now owns 12,897 shares in the company, valued at $1,091,086.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 18.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on MSM shares. JPMorgan Chase & Co. lowered their target price on MSC Industrial Direct from $81.00 to $80.00 and set a “neutral” rating for the company in a research report on Wednesday, July 3rd. Stephens reiterated an “overweight” rating and set a $110.00 price objective on shares of MSC Industrial Direct in a research report on Friday, June 14th. Baird R W cut shares of MSC Industrial Direct from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 29th. Loop Capital dropped their price target on MSC Industrial Direct from $80.00 to $75.00 and set a “hold” rating for the company in a research report on Wednesday, July 3rd. Finally, Robert W. Baird cut their target price on MSC Industrial Direct from $95.00 to $84.00 and set a “neutral” rating on the stock in a research report on Friday, June 14th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $90.20.

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.