MSC Industrial Direct Co., Inc. (NYSE:MSM) Stock Holdings Decreased by New South Capital Management Inc.

New South Capital Management Inc. lessened its stake in shares of MSC Industrial Direct Co., Inc. (NYSE:MSM) by 1.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 715,081 shares of the industrial products company’s stock after selling 8,641 shares during the quarter. MSC Industrial Direct comprises approximately 2.5% of New South Capital Management Inc.’s portfolio, making the stock its 10th biggest position. New South Capital Management Inc. owned about 1.28% of MSC Industrial Direct worth $61,540,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Blue Trust Inc. raised its stake in shares of MSC Industrial Direct by 1,142.3% during the 2nd quarter. Blue Trust Inc. now owns 323 shares of the industrial products company’s stock worth $26,000 after buying an additional 297 shares in the last quarter. Ridgewood Investments LLC purchased a new stake in shares of MSC Industrial Direct during the 2nd quarter worth $26,000. V Square Quantitative Management LLC purchased a new position in shares of MSC Industrial Direct in the 3rd quarter valued at about $26,000. UMB Bank n.a. lifted its stake in shares of MSC Industrial Direct by 442.1% in the third quarter. UMB Bank n.a. now owns 309 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 252 shares during the period. Finally, Quest Partners LLC boosted its holdings in MSC Industrial Direct by 35,300.0% during the second quarter. Quest Partners LLC now owns 354 shares of the industrial products company’s stock worth $28,000 after buying an additional 353 shares in the last quarter. 79.26% of the stock is owned by institutional investors and hedge funds.

MSC Industrial Direct Trading Down 0.3 %

MSM stock traded down $0.28 during trading on Tuesday, reaching $89.90. 2,587 shares of the stock traded hands, compared to its average volume of 577,942. The business’s 50 day moving average price is $82.46 and its 200-day moving average price is $83.58. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.96 and a quick ratio of 0.90. MSC Industrial Direct Co., Inc. has a 52-week low of $75.05 and a 52-week high of $104.76. The firm has a market capitalization of $5.03 billion, a PE ratio of 19.70 and a beta of 0.87.

MSC Industrial Direct (NYSE:MSM) last announced its quarterly earnings data on Thursday, October 24th. The industrial products company reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.05). MSC Industrial Direct had a return on equity of 19.35% and a net margin of 6.77%. The company had revenue of $952.30 million for the quarter, compared to analyst estimates of $959.74 million. During the same period in the prior year, the business earned $1.64 earnings per share. MSC Industrial Direct’s revenue was down 8.0% on a year-over-year basis. As a group, sell-side analysts forecast that MSC Industrial Direct Co., Inc. will post 3.65 earnings per share for the current year.

MSC Industrial Direct Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be given a dividend of $0.85 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This is a boost from MSC Industrial Direct’s previous quarterly dividend of $0.83. This represents a $3.40 annualized dividend and a dividend yield of 3.78%. MSC Industrial Direct’s dividend payout ratio (DPR) is 72.49%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of MSC Industrial Direct from $87.00 to $73.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Robert W. Baird lifted their target price on shares of MSC Industrial Direct from $84.00 to $91.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, MSC Industrial Direct presently has an average rating of “Hold” and an average target price of $90.20.

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.