TD Asset Management Inc. Acquires 613 Shares of MSC Industrial Direct Co., Inc. (NYSE:MSM)

TD Asset Management Inc. raised its holdings in shares of MSC Industrial Direct Co., Inc. (NYSE:MSM) by 1.0% during the third quarter, Holdings Channel.com reports. The fund owned 65,037 shares of the industrial products company’s stock after buying an additional 613 shares during the period. TD Asset Management Inc.’s holdings in MSC Industrial Direct were worth $5,215,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of MSM. Amundi Pioneer Asset Management Inc. raised its holdings in MSC Industrial Direct by 6.1% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 36,006 shares of the industrial products company’s stock valued at $2,978,000 after acquiring an additional 2,075 shares during the period. Rockefeller Capital Management L.P. grew its position in shares of MSC Industrial Direct by 1,022.0% during the second quarter. Rockefeller Capital Management L.P. now owns 460 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 419 shares in the last quarter. Van ECK Associates Corp grew its position in shares of MSC Industrial Direct by 55.3% during the second quarter. Van ECK Associates Corp now owns 1,008 shares of the industrial products company’s stock valued at $90,000 after purchasing an additional 359 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in shares of MSC Industrial Direct by 80.6% during the second quarter. BNP Paribas Arbitrage SA now owns 53,760 shares of the industrial products company’s stock valued at $4,824,000 after purchasing an additional 23,987 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its position in shares of MSC Industrial Direct by 59.4% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 11,520 shares of the industrial products company’s stock valued at $1,034,000 after purchasing an additional 4,293 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

NYSE:MSM opened at $85.39 on Friday. The firm’s fifty day moving average is $83.71 and its two-hundred day moving average is $84.37. The firm has a market cap of $4.76 billion, a price-to-earnings ratio of 19.58 and a beta of 1.06. MSC Industrial Direct Co., Inc. has a one year low of $77.47 and a one year high of $96.23. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.24 and a current ratio of 2.30.

MSC Industrial Direct (NYSE:MSM) last released its quarterly earnings results on Wednesday, December 22nd. The industrial products company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.05. The firm had revenue of $848.50 million during the quarter, compared to the consensus estimate of $839.63 million. MSC Industrial Direct had a net margin of 7.37% and a return on equity of 24.06%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.10 EPS. As a group, equities research analysts predict that MSC Industrial Direct Co., Inc. will post 5.76 earnings per share for the current fiscal year.

The company also recently declared 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. The ex-dividend date is Monday, January 10th. This represents a $3.00 annualized dividend and a dividend yield of 3.51%. MSC Industrial Direct’s dividend payout ratio (DPR) is 68.81%.

A number of research analysts have recently weighed in on MSM shares. 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 objective on MSC Industrial Direct from $98.00 to $101.00 and gave the company an “outperform” rating in a research report on Thursday, October 21st. TheStreet upgraded MSC Industrial Direct from a “c+” rating to a “b” rating in a research report on Wednesday, November 10th. Finally, KeyCorp dropped their price target on MSC Industrial Direct from $102.00 to $91.00 and set an “overweight” rating for the company in a research report on Monday, September 27th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $99.57.

About MSC Industrial Direct

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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Institutional Ownership by Quarter for MSC Industrial Direct (NYSE:MSM)

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