Commonwealth Equity Services LLC grew its position in shares of MSC Industrial Direct Co., Inc. (NYSE:MSM) by 3.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 4,110 shares of the industrial products company’s stock after acquiring an additional 142 shares during the period. Commonwealth Equity Services LLC’s holdings in MSC Industrial Direct were worth $329,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Willis Investment Counsel increased its position in shares of MSC Industrial Direct by 18.4% during the 2nd quarter. Willis Investment Counsel now owns 66,098 shares of the industrial products company’s stock valued at $5,931,000 after purchasing an additional 10,280 shares during the last quarter. Martin Capital Partners LLC increased its position in shares of MSC Industrial Direct by 1.3% during the 3rd quarter. Martin Capital Partners LLC now owns 64,439 shares of the industrial products company’s stock valued at $5,167,000 after purchasing an additional 854 shares during the last quarter. Blair William & Co. IL bought a new position in shares of MSC Industrial Direct during the 2nd quarter valued at about $2,976,000. AlphaCrest Capital Management LLC increased its position in shares of MSC Industrial Direct by 8.2% during the 2nd quarter. AlphaCrest Capital Management LLC now owns 14,957 shares of the industrial products company’s stock valued at $1,342,000 after purchasing an additional 1,139 shares during the last quarter. Finally, Mirabella Financial Services LLP increased its position in shares of MSC Industrial Direct by 80.9% during the 2nd quarter. Mirabella Financial Services LLP now owns 4,135 shares of the industrial products company’s stock valued at $372,000 after purchasing an additional 1,849 shares during the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.
MSM has been the topic of several recent research reports. KeyCorp reduced their price target on MSC Industrial Direct from $102.00 to $91.00 and set an “overweight” rating on the stock in a research report on Monday, September 27th. Zacks Investment Research lowered MSC Industrial Direct from a “buy” rating to a “hold” rating in a research report on Friday, January 7th. Robert W. Baird raised their price target on MSC Industrial Direct from $98.00 to $101.00 and gave the stock an “outperform” rating in a research report on Thursday, October 21st. Finally, TheStreet upgraded MSC Industrial Direct from a “c+” rating to a “b” rating in a research report on Wednesday, November 10th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $99.57.
MSC Industrial Direct (NYSE:MSM) last issued its quarterly earnings data on Wednesday, December 22nd. The industrial products company reported $1.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.05. The firm had revenue of $848.50 million for the quarter, compared to analyst estimates of $839.63 million. MSC Industrial Direct had a return on equity of 24.06% and a net margin of 7.37%. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period last year, the company earned $1.10 EPS. As a group, equities analysts predict that MSC Industrial Direct Co., Inc. will post 5.76 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 25th. Stockholders of record on Tuesday, January 11th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date of this dividend is Monday, January 10th. MSC Industrial Direct’s payout ratio is presently 68.81%.
MSC Industrial Direct Profile
MSC Industrial Direct Co, Inc engages in the distribution of metalworking and maintenance, repair, and operations products and services to manufacturing companies. Its products include cutting tools, measuring instruments, tooling components, metalworking, fasteners, flat stock, raw materials, abrasives, machinery hand and power tools, safety and janitorial supplies, plumbing supplies, materials handling products, power transmission components, and electrical supplies.
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