Farther Finance Advisors LLC Grows Position in MSC Industrial Direct Company, Inc. $MSM

Farther Finance Advisors LLC increased its position in shares of MSC Industrial Direct Company, Inc. (NYSE:MSM) by 47.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 878 shares of the industrial products company’s stock after buying an additional 281 shares during the period. Farther Finance Advisors LLC’s holdings in MSC Industrial Direct were worth $75,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Butensky & Cohen Financial Security Inc. increased its stake in shares of MSC Industrial Direct by 1.5% during the second quarter. Butensky & Cohen Financial Security Inc. now owns 57,066 shares of the industrial products company’s stock worth $4,852,000 after buying an additional 851 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of MSC Industrial Direct by 5.5% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 12,184 shares of the industrial products company’s stock worth $1,096,000 after buying an additional 639 shares during the period. Jackson Square Capital LLC purchased a new stake in shares of MSC Industrial Direct during the second quarter worth approximately $229,000. Aaron Wealth Advisors LLC purchased a new stake in shares of MSC Industrial Direct during the second quarter worth approximately $218,000. Finally, Martin Capital Partners LLC increased its stake in shares of MSC Industrial Direct by 168.2% during the second quarter. Martin Capital Partners LLC now owns 8,825 shares of the industrial products company’s stock worth $750,000 after buying an additional 5,535 shares during the period. 79.26% of the stock is currently owned by hedge funds and other institutional investors.

MSC Industrial Direct Price Performance

Shares of NYSE MSM opened at $91.91 on Monday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.92 and a quick ratio of 0.91. The stock has a fifty day moving average price of $89.51 and a 200 day moving average price of $83.89. MSC Industrial Direct Company, Inc. has a 1-year low of $68.10 and a 1-year high of $94.31. The company has a market cap of $5.12 billion, a PE ratio of 25.96 and a beta of 0.95.

Insider Buying and Selling at MSC Industrial Direct

In related news, SVP Kimberly Shacklett sold 2,130 shares of the 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 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 Securities & Exchange Commission, which is available through this link. 18.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Zacks Research lowered shares of MSC Industrial Direct from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 5th. Loop Capital increased their price target 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. Stephens increased their price target 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of MSC Industrial Direct in a research note on Saturday, September 27th. Finally, Robert W. Baird increased their price target 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. One investment 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’s stock. Based on data from MarketBeat, MSC Industrial Direct has an average rating of “Hold” and a consensus price target of $90.33.

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.