Public Employees Retirement System of Ohio Purchases 162 Shares of MSC Industrial Direct Company, Inc. $MSM

Public Employees Retirement System of Ohio grew its position in MSC Industrial Direct Company, Inc. (NYSE:MSM) by 0.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,514 shares of the industrial products company’s stock after purchasing an additional 162 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.10% of MSC Industrial Direct worth $4,805,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Clearstead Trust LLC bought a new position in MSC Industrial Direct during the first quarter worth $25,000. Investment Management Corp VA ADV increased its position in MSC Industrial Direct by 207.8% during the first quarter. Investment Management Corp VA ADV now owns 397 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 268 shares during the period. Neo Ivy Capital Management bought a new position in MSC Industrial Direct during the first quarter worth $32,000. Farther Finance Advisors LLC increased 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 worth $46,000 after acquiring an additional 537 shares during the period. Finally, GAMMA Investing LLC increased 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 worth $53,000 after acquiring an additional 218 shares during the period. Institutional investors own 79.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on MSM shares. Robert W. Baird boosted their target price on shares of MSC Industrial Direct from $84.00 to $95.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 2nd. Zacks Research lowered shares of MSC Industrial Direct from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 5th. Loop Capital boosted their target price on shares of MSC Industrial Direct from $74.00 to $84.00 and gave the stock a “hold” rating in a research report on Wednesday, July 2nd. Finally, Stephens boosted their target price 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. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $90.33.

MSC Industrial Direct Stock Down 0.1%

MSM opened at $90.81 on Tuesday. The firm’s 50-day simple moving average is $89.15 and its 200-day simple moving average is $83.51. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 1.92. MSC Industrial Direct Company, Inc. has a twelve month low of $68.10 and a twelve month high of $94.31. The firm has a market cap of $5.06 billion, a price-to-earnings ratio of 25.65 and a beta of 0.95.

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

Insider Buying and Selling at MSC Industrial Direct

In other news, SVP Kimberly Shacklett sold 2,130 shares of the company’s stock in a transaction dated Thursday, July 10th. The shares were 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 approximately $1,348,444. This represents a 12.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 18.30% of the company’s stock.

About MSC Industrial Direct

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.