Signaturefd LLC Purchases 128 Shares of MSC Industrial Direct Company, Inc. $MSM

Signaturefd LLC lifted its position in MSC Industrial Direct Company, Inc. (NYSE:MSM) by 11.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,277 shares of the industrial products company’s stock after purchasing an additional 128 shares during the quarter. Signaturefd LLC’s holdings in MSC Industrial Direct were worth $109,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of MSM. American Century Companies Inc. lifted its holdings in shares of MSC Industrial Direct by 6.8% during the 1st quarter. American Century Companies Inc. now owns 3,650,221 shares of the industrial products company’s stock worth $283,513,000 after acquiring an additional 231,961 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in MSC Industrial Direct by 5.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,781,503 shares of the industrial products company’s stock worth $138,369,000 after purchasing an additional 88,247 shares during the period. Boston Partners boosted its holdings in MSC Industrial Direct by 22.9% during the first quarter. Boston Partners now owns 1,762,248 shares of the industrial products company’s stock valued at $136,867,000 after purchasing an additional 327,833 shares in the last quarter. Invesco Ltd. grew its stake in shares of MSC Industrial Direct by 2.8% in the 1st quarter. Invesco Ltd. now owns 1,240,418 shares of the industrial products company’s stock valued at $96,343,000 after purchasing an additional 33,607 shares during the period. Finally, Epoch Investment Partners Inc. raised its holdings in shares of MSC Industrial Direct by 13.2% in the 1st quarter. Epoch Investment Partners Inc. now owns 1,089,926 shares of the industrial products company’s stock worth $84,655,000 after buying an additional 126,765 shares in the last quarter. Institutional investors and hedge funds own 79.26% of the company’s stock.

MSC Industrial Direct Stock Performance

Shares of NYSE:MSM opened at $91.91 on Friday. The company has a current ratio of 1.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21. MSC Industrial Direct Company, Inc. has a 1-year low of $68.10 and a 1-year high of $94.31. The stock has a market capitalization of $5.12 billion, a P/E ratio of 25.96 and a beta of 0.95. The business has a 50-day moving average price of $89.51 and a two-hundred day moving average price of $83.85.

Wall Street Analysts Forecast Growth

MSM has been the topic of several recent analyst reports. Stephens boosted their price target on 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. Loop Capital boosted their target price on shares of MSC Industrial Direct from $74.00 to $84.00 and gave the company a “hold” rating in a research note on Wednesday, July 2nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of MSC Industrial Direct in a report on Saturday, September 27th. Robert W. Baird lifted their price target on shares of MSC Industrial Direct from $84.00 to $95.00 and gave the company a “neutral” rating in a report on Wednesday, July 2nd. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $90.33.

Insiders Place Their Bets

In related news, SVP Kimberly Shacklett sold 2,130 shares of the stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $92.00, for a total value of $195,960.00. Following the transaction, the senior vice president directly owned 14,657 shares in the company, valued at $1,348,444. This represents a 12.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 18.30% of the stock is owned by corporate 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.