1 week Ago By ABMN Staff
Prudential Financial Inc. decreased its holdings in shares of MSC Industrial Direct Co., Inc.
( NYSE:MSM – Free Report ) by 5.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,503 shares of the industrial products company’s stock after selling 210 shares during the quarter.
Prudential Financial Inc.’s holdings in MSC Industrial Direct were worth $262,000 as of its most recent filing with the Securities and Exchange Commission. A number of other institutional investors have also recently added to or reduced their stakes in MSM.
Barclays PLC lifted its stake in shares of MSC Industrial Direct by 36.9% during the third quarter. Barclays PLC now owns 25,490 shares of the industrial products company’s stock worth $2,195,000 after purchasing an additional 6,864 shares in the last quarter.
State of New Jersey Common Pension Fund D lifted its position in MSC Industrial Direct by 8.9% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 26,035 shares of the industrial products company’s stock worth $1,945,000 after acquiring an additional 2,136 shares in the last quarter.
Rhumbline Advisers lifted its position in MSC Industrial Direct by 0.9% during the 4th quarter. Rhumbline Advisers now owns 155,601 shares of the industrial products company’s stock worth $11,622,000 after acquiring an additional 1,418 shares in the last quarter.
Assenagon Asset Management S.A. purchased a new position in MSC Industrial Direct in the 4th quarter worth approximately $2,654,000.
Finally, JPMorgan Chase & Co. grew its position in MSC Industrial Direct by 15.8% in the third quarter.
JPMorgan Chase & Co. now owns 258,646 shares of the industrial products company’s stock valued at $22,259,000 after acquiring an additional 35,289 shares in the last quarter. 79.
26% of the stock is owned by hedge funds and other institutional investors. Insider Activity at MSC Industrial Direct In other news, Director Mitchell Jacobson purchased 27,642 shares of the company’s stock in a transaction on Tuesday, April 8th. The shares were bought at an average price of $69.
77 per share, for a total transaction of $1,928,582.34. Following the completion of the purchase, the director now owns 1,951,725 shares of the company’s stock, valued at $136,171,853.
25. This trade represents a 1.44 % increase in their ownership of the stock.
The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website . 18.30% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In Read Our Latest Stock Report on MSC Industrial Direct MSC Industrial Direct Trading Up 0.9 % MSM opened at $75.86 on Friday.
The stock has a market capitalization of $4.24 billion, a PE ratio of 18.11 and a beta of 0.
89. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.
93 and a quick ratio of 0.91. MSC Industrial Direct Co.
, Inc. has a 12-month low of $68.10 and a 12-month high of $94.
31. The firm’s fifty day moving average price is $78.46 and its 200 day moving average price is $80.
87. MSC Industrial Direct ( NYSE:MSM – Get Free Report ) last issued its earnings results on Thursday, April 3rd. The industrial products company reported $0.
72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04.
MSC Industrial Direct had a net margin of 6.21% and a return on equity of 17.80%.
The business had revenue of $891.70 million for the quarter, compared to analyst estimates of $908.30 million.
During the same quarter in the prior year, the business posted $1.18 EPS. The company’s revenue for the quarter was down 4.
7% on a year-over-year basis. As a group, research analysts expect that MSC Industrial Direct Co., Inc.
will post 3.57 EPS for the current fiscal year. MSC Industrial Direct Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd.
Investors of record on Wednesday, April 9th will be issued a $0.85 dividend. The ex-dividend date of this dividend is Wednesday, April 9th.
This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.48%.
MSC Industrial Direct’s dividend payout ratio (DPR) is presently 89.71%. 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. See Also Receive News & Ratings for MSC Industrial Direct Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MSC Industrial Direct and related companies with MarketBeat.com's FREE daily email newsletter .
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