1 day Ago By ABMN Staff
Commonwealth Equity Services LLC lifted its holdings in MSC Industrial Direct Co., Inc. ( NYSE:MSM – Free Report ) by 36.
7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,739 shares of the industrial products company’s stock after purchasing 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.
Several other large investors also recently bought and sold shares of MSM. Capital Research Global Investors raised its position in MSC Industrial Direct by 14.8% during the 4th quarter.
Capital Research Global Investors now owns 775,000 shares of the industrial products company’s stock valued at $78,476,000 after purchasing an additional 100,000 shares in the last quarter. Norges Bank bought a new stake in MSC Industrial Direct during the fourth quarter valued at about $56,088,000. Entropy Technologies LP purchased a new position in MSC Industrial Direct in the first quarter valued at about $775,000.
Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of MSC Industrial Direct by 183.6% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 22,323 shares of the industrial products company’s stock worth $2,142,000 after acquiring an additional 14,451 shares in the last quarter.
Finally, Swedbank AB acquired a new position in shares of MSC Industrial Direct during the first quarter worth $16,571,000. Institutional investors own 79.26% of the company’s stock.
Insider Activity at MSC Industrial Direct In other MSC Industrial Direct news, SVP Kimberly Shacklett sold 4,885 shares of the company’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $84.60, for a total transaction of $413,271.
00. Following the sale, the senior vice president now owns 12,897 shares in the company, valued at approximately $1,091,086.20.
The sale was disclosed in a document filed with the SEC, which is available through the SEC website . 18.80% of the stock is currently owned by company insiders.
Analyst Ratings Changes Check Out Our Latest Stock Report on MSC Industrial Direct MSC Industrial Direct Stock Performance Shares of MSC Industrial Direct stock opened at $81.88 on Wednesday. MSC Industrial Direct Co.
, Inc. has a one year low of $75.05 and a one year high of $105.
77. The company has a market cap of $4.60 billion, a price-to-earnings ratio of 15.
91 and a beta of 0.86. The business’s 50 day moving average price is $81.
52 and its 200 day moving average price is $87.13. The company has a debt-to-equity ratio of 0.
21, a quick ratio of 0.92 and a current ratio of 2.01.
MSC Industrial Direct ( NYSE:MSM – Get Free Report ) last posted its quarterly earnings results on Tuesday, July 2nd. The industrial products company reported $1.33 earnings per share for the quarter, meeting the consensus estimate of $1.
33. The business had revenue of $979.40 million during the quarter, compared to analysts’ expectations of $979.
10 million. MSC Industrial Direct had a net margin of 7.44% and a return on equity of 21.
31%. The business’s revenue for the quarter was down 7.1% on a year-over-year basis.
During the same quarter in the prior year, the company posted $1.74 EPS. On average, research analysts predict that MSC Industrial Direct Co.
, Inc. will post 4.84 EPS for the current year.
MSC Industrial Direct Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Tuesday, July 23rd. Shareholders of record on Tuesday, July 9th were given a $0.83 dividend.
This represents a $3.32 dividend on an annualized basis and a yield of 4.05%.
The ex-dividend date of this dividend was Tuesday, July 9th. MSC Industrial Direct’s payout ratio is 64.47%.
About MSC Industrial Direct ( 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. Read More Want to see what other hedge funds are holding MSM? Visit HoldingsChannel.
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