1 day Ago By Defense World Staff
Commonwealth Equity Services LLC raised its position in MSC Industrial Direct Co., Inc. ( NYSE:MSM – Free Report ) by 36.
7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,739 shares of the industrial products company’s stock after buying an additional 3,419 shares during the quarter. Commonwealth Equity Services LLC’s holdings in MSC Industrial Direct were worth $1,010,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Future Financial Wealth Managment LLC acquired a new position in shares of MSC Industrial Direct during the first quarter worth $29,000. Blue Trust Inc.
increased its position in MSC Industrial Direct by 1,142.3% in the 2nd quarter. Blue Trust Inc.
now owns 323 shares of the industrial products company’s stock valued at $26,000 after buying an additional 297 shares in the last quarter. Ridgewood Investments LLC bought a new position in shares of MSC Industrial Direct in the 2nd quarter worth $26,000. Bessemer Group Inc.
increased its position in shares of MSC Industrial Direct by 261.7% during the first quarter. Bessemer Group Inc.
now owns 387 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 280 shares in the last quarter. Finally, Quarry LP purchased a new stake in shares of MSC Industrial Direct in the fourth quarter valued at about $40,000. 79.
26% of the stock is currently owned by institutional investors. Analyst Ratings Changes MSM has been the subject of a number of research reports. Loop Capital reduced their target price on shares of MSC Industrial Direct from $80.
00 to $75.00 and set a “hold” rating for the company in a research report on Wednesday, July 3rd. Baird R W lowered MSC Industrial Direct from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 29th.
StockNews.com lowered shares of MSC Industrial Direct from a “buy” rating to a “hold” rating in a report on Saturday, June 8th. Robert W.
Baird dropped their price target on MSC Industrial Direct from $95.00 to $84.00 and set a “neutral” rating for the company in a research report on Friday, June 14th.
Finally, JPMorgan Chase & Co. cut their price target on shares of MSC Industrial Direct from $81.00 to $80.
00 and set a “neutral” rating for the company in a research note on Wednesday, July 3rd. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $90.
20. Insiders Place Their Bets In other news, SVP Kimberly Shacklett sold 4,885 shares of MSC Industrial Direct stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $84.
60, for a total value of $413,271.00. Following the completion of the sale, the senior vice president now directly owns 12,897 shares in the company, valued at $1,091,086.
20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink . Corporate insiders own 18.
80% of the company’s stock. MSC Industrial Direct Price Performance MSM opened at $81.88 on Wednesday.
MSC Industrial Direct Co., Inc. has a 12-month low of $75.
05 and a 12-month high of $105.77. The company has a current ratio of 2.
01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.21.
The stock has a fifty day simple moving average of $81.52 and a two-hundred day simple moving average of $87.13.
The company has a market cap of $4.60 billion, a price-to-earnings ratio of 15.91 and a beta of 0.
86. MSC Industrial Direct ( NYSE:MSM – Get Free Report ) last posted its quarterly earnings data on Tuesday, July 2nd. The industrial products company reported $1.
33 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.33. MSC Industrial Direct had a return on equity of 21.
31% and a net margin of 7.44%. The company had revenue of $979.
40 million during the quarter, compared to analyst estimates of $979.10 million. During the same quarter last year, the company earned $1.
74 EPS. The firm’s revenue for the quarter was down 7.1% on a year-over-year basis.
Research analysts predict that MSC Industrial Direct Co., Inc. will post 4.
84 earnings per share for the current fiscal year. MSC Industrial Direct Announces Dividend The company also recently declared a quarterly dividend, which was paid on Tuesday, July 23rd. Stockholders of record on Tuesday, July 9th were issued a dividend of $0.
83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.
05%. The ex-dividend date of this dividend was Tuesday, July 9th. MSC Industrial Direct’s payout ratio is 64.
47%. MSC Industrial Direct Profile ( Free Report ) 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.
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