Deutsche Bank AG Purchases 555 Shares of MSC Industrial Direct Company, Inc. $MSM

Deutsche Bank AG raised its holdings in shares of MSC Industrial Direct Company, Inc. (NYSE:MSM) by 14.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,385 shares of the industrial products company’s stock after purchasing an additional 555 shares during the period. Deutsche Bank AG’s holdings in MSC Industrial Direct were worth $341,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of MSM. Ontario Teachers Pension Plan Board boosted its stake in MSC Industrial Direct by 53.6% in the first quarter. Ontario Teachers Pension Plan Board now owns 50,361 shares of the industrial products company’s stock valued at $3,912,000 after acquiring an additional 17,579 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in MSC Industrial Direct by 5.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,781,503 shares of the industrial products company’s stock valued at $138,369,000 after purchasing an additional 88,247 shares during the last quarter. New Age Alpha Advisors LLC increased its holdings in MSC Industrial Direct by 31.0% in the first quarter. New Age Alpha Advisors LLC now owns 40,320 shares of the industrial products company’s stock valued at $3,132,000 after purchasing an additional 9,539 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new position in MSC Industrial Direct in the first quarter valued at about $258,000. Finally, Clearstead Trust LLC acquired a new position in shares of MSC Industrial Direct during the 1st quarter worth about $25,000. 79.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MSM has been the topic of a number of recent analyst reports. Stephens lifted their price target on shares of MSC Industrial Direct from $85.00 to $90.00 and gave the stock 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 note on Tuesday, May 27th. JPMorgan Chase & Co. raised MSC Industrial Direct from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $73.00 to $89.00 in a research report on Tuesday, May 27th. Robert W. Baird boosted their price objective on MSC Industrial Direct from $84.00 to $95.00 and gave the company a “neutral” rating in a research report on Wednesday, July 2nd. Finally, Loop Capital raised their target price on shares of MSC Industrial Direct from $74.00 to $84.00 and gave the stock a “hold” rating in a report on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, MSC Industrial Direct has a consensus rating of “Moderate Buy” and an average price target of $90.33.

Insiders Place Their Bets

In other MSC Industrial Direct news, SVP Kimberly Shacklett sold 2,130 shares of the firm’s stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $92.00, for a total transaction of $195,960.00. Following the completion of 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 18.30% of the company’s stock.

MSC Industrial Direct Stock Down 0.8%

NYSE:MSM opened at $90.98 on Friday. 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. The stock’s 50 day moving average price is $87.47 and its two-hundred day moving average price is $81.74. The firm has a market capitalization of $5.07 billion, a price-to-earnings ratio of 25.70 and a beta of 0.92.

MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings results on Tuesday, July 1st. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.05. The firm had revenue of $971.15 million for the quarter, compared to analyst estimates of $969.72 million. MSC Industrial Direct had a net margin of 5.30% and a return on equity of 14.99%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.33 earnings per share. 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. Investors of record on Wednesday, July 9th were issued a dividend of $0.85 per share. The ex-dividend date of this dividend was Wednesday, July 9th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.7%. MSC Industrial Direct’s payout ratio is presently 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.