Cetera Investment Advisers Has $310,000 Stock Position in MSC Industrial Direct Company, Inc. $MSM

Cetera Investment Advisers trimmed its holdings in shares of MSC Industrial Direct Company, Inc. (NYSE:MSM) by 6.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,995 shares of the industrial products company’s stock after selling 275 shares during the period. Cetera Investment Advisers’ holdings in MSC Industrial Direct were worth $310,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its position in 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 valued at $46,000 after buying an additional 537 shares during the period. GAMMA Investing LLC raised its position in MSC Industrial Direct by 47.1% during the first quarter. GAMMA Investing LLC now owns 681 shares of the industrial products company’s stock valued at $53,000 after buying an additional 218 shares during the period. UMB Bank n.a. raised its position in 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 valued at $56,000 after buying an additional 243 shares during the period. HM Payson & Co. acquired a new position in MSC Industrial Direct during the first quarter valued at $59,000. Finally, Whittier Trust Co. of Nevada Inc. raised its position in MSC Industrial Direct by 997.6% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 900 shares of the industrial products company’s stock valued at $70,000 after buying an additional 818 shares during the period. 79.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on MSM shares. Stephens upped their price target on MSC Industrial Direct from $85.00 to $90.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 2nd. Industrial Alliance Securities set a $89.00 target price on MSC Industrial Direct in a research report on Tuesday, May 27th. JPMorgan Chase & Co. raised MSC Industrial Direct from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $73.00 to $89.00 in a research report on Tuesday, May 27th. Robert W. Baird upped their target price on MSC Industrial Direct from $84.00 to $95.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 2nd. Finally, Loop Capital upped their target price on MSC Industrial Direct from $74.00 to $84.00 and gave the stock a “hold” rating in a research report on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $90.33.

MSC Industrial Direct Stock Performance

Shares of NYSE MSM opened at $88.9670 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 1.92. The firm has a market cap of $4.95 billion, a price-to-earnings ratio of 25.13 and a beta of 0.92. The business’s 50-day simple moving average is $86.33 and its 200-day simple moving average is $81.28. MSC Industrial Direct Company, Inc. has a 52 week low of $68.10 and a 52 week high of $92.68.

MSC Industrial Direct (NYSE:MSM) last issued its quarterly earnings data on Tuesday, July 1st. The industrial products company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.05. The business had revenue of $971.15 million for the quarter, compared to analyst estimates of $969.72 million. MSC Industrial Direct had a return on equity of 14.99% and a net margin of 5.30%.The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.33 EPS. As a group, equities research analysts expect that MSC Industrial Direct Company, Inc. will post 3.57 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 Wednesday, July 23rd. Shareholders of record on Wednesday, July 9th were issued a $0.85 dividend. The ex-dividend date of this dividend was Wednesday, July 9th. This represents a $3.40 dividend on an annualized basis and a yield of 3.8%. MSC Industrial Direct’s dividend payout ratio (DPR) is 96.05%.

Insider Transactions at MSC Industrial Direct

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