Cwm LLC Has $237,000 Stock Holdings in MSC Industrial Direct Company, Inc. (NYSE:MSM)

Cwm LLC increased its holdings in MSC Industrial Direct Company, Inc. (NYSE:MSM) by 38.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,055 shares of the industrial products company’s stock after purchasing an additional 856 shares during the period. Cwm LLC’s holdings in MSC Industrial Direct were worth $237,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new position in MSC Industrial Direct in the fourth quarter worth about $25,000. Farther Finance Advisors LLC increased its holdings in shares of MSC Industrial Direct by 895.0% during the first quarter. Farther Finance Advisors LLC now owns 597 shares of the industrial products company’s stock worth $46,000 after buying an additional 537 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of MSC Industrial Direct by 47.1% during the first quarter. GAMMA Investing LLC now owns 681 shares of the industrial products company’s stock worth $53,000 after buying an additional 218 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of MSC Industrial Direct by 51.1% during the first quarter. UMB Bank n.a. now owns 719 shares of the industrial products company’s stock worth $56,000 after buying an additional 243 shares in the last quarter. Finally, HM Payson & Co. acquired a new stake in shares of MSC Industrial Direct during the first quarter worth approximately $59,000. Institutional investors and hedge funds own 79.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MSM. Wolfe Research raised shares of MSC Industrial Direct to a “strong-buy” rating in a report on Sunday, April 6th. Loop Capital raised their price target on shares of MSC Industrial Direct from $74.00 to $84.00 and gave the company a “hold” rating in a report on Wednesday, July 2nd. Robert W. Baird raised their price objective on shares of MSC Industrial Direct from $84.00 to $95.00 and gave the company a “neutral” rating in a research note on Wednesday, July 2nd. Industrial Alliance Securities set a $89.00 price objective on shares of MSC Industrial Direct in a research note on Tuesday, May 27th. Finally, Stephens raised their price objective on shares of MSC Industrial Direct from $85.00 to $90.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 2nd. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, MSC Industrial Direct presently has an average rating of “Moderate Buy” and a consensus target price of $90.33.

Insider Buying and Selling at MSC Industrial Direct

In other news, SVP Kimberly Shacklett sold 2,130 shares of MSC Industrial Direct stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $92.00, for a total transaction of $195,960.00. Following the transaction, the senior vice president directly owned 14,657 shares of the company’s stock, valued at $1,348,444. This trade represents a 12.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 18.30% of the stock is currently owned by corporate insiders.

MSC Industrial Direct Trading Up 0.3%

Shares of NYSE MSM opened at $87.35 on Friday. The company’s fifty day moving average is $84.38 and its 200-day moving average is $80.72. The stock has a market cap of $4.86 billion, a price-to-earnings ratio of 24.67 and a beta of 0.87. MSC Industrial Direct Company, Inc. has a twelve month low of $68.10 and a twelve month high of $92.68. The company has a quick ratio of 0.91, a current ratio of 1.92 and a debt-to-equity ratio of 0.21.

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

MSC Industrial Direct Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 9th were given a dividend of $0.85 per share. The ex-dividend date was Wednesday, July 9th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.89%. MSC Industrial Direct’s dividend payout ratio is 96.05%.

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.