First Republic Investment Management Inc. boosted its position in shares of MSC Industrial Direct Co Inc (NYSE:MSM) by 0.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,436 shares of the industrial products company’s stock after acquiring an additional 230 shares during the period. First Republic Investment Management Inc.’s holdings in MSC Industrial Direct were worth $2,187,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Investors Research Corp acquired a new position in shares of MSC Industrial Direct in the 1st quarter valued at $25,000. Pearl River Capital LLC acquired a new position in shares of MSC Industrial Direct in the 4th quarter valued at $35,000. Quadrant Capital Group LLC boosted its holdings in shares of MSC Industrial Direct by 1,212.1% in the 1st quarter. Quadrant Capital Group LLC now owns 761 shares of the industrial products company’s stock valued at $60,000 after buying an additional 703 shares in the last quarter. Trust Co. of Vermont boosted its holdings in shares of MSC Industrial Direct by 64.9% in the 4th quarter. Trust Co. of Vermont now owns 874 shares of the industrial products company’s stock valued at $67,000 after buying an additional 344 shares in the last quarter. Finally, Quantamental Technologies LLC acquired a new position in shares of MSC Industrial Direct in the 4th quarter valued at $82,000. Institutional investors own 77.30% of the company’s stock.
MSM has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of MSC Industrial Direct from a “sell” rating to a “hold” rating in a report on Thursday, January 17th. Wells Fargo & Co reduced their price target on shares of MSC Industrial Direct from $85.00 to $80.00 and set a “market perform” rating for the company in a research report on Thursday, April 11th. Buckingham Research set a $83.00 price target on shares of MSC Industrial Direct and gave the company a “hold” rating in a research report on Thursday, January 10th. Finally, Stephens downgraded shares of MSC Industrial Direct from an “overweight” rating to an “equal weight” rating and set a $92.00 price target for the company. in a research report on Friday, February 8th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. MSC Industrial Direct currently has an average rating of “Hold” and a consensus target price of $88.38.
MSM stock opened at $77.81 on Friday. MSC Industrial Direct Co Inc has a 12 month low of $73.28 and a 12 month high of $95.83. The firm has a market capitalization of $4.38 billion, a P/E ratio of 15.32, a price-to-earnings-growth ratio of 1.51 and a beta of 0.85. The company has a quick ratio of 1.18, a current ratio of 2.19 and a debt-to-equity ratio of 0.20.
MSC Industrial Direct (NYSE:MSM) last released its quarterly earnings results on Wednesday, April 10th. The industrial products company reported $1.24 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.02). MSC Industrial Direct had a net margin of 8.88% and a return on equity of 21.20%. The business had revenue of $823.00 million during the quarter, compared to analysts’ expectations of $826.98 million. During the same quarter last year, the company earned $1.34 EPS. On average, equities research analysts forecast that MSC Industrial Direct Co Inc will post 5.58 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th were given a $0.63 dividend. The ex-dividend date was Monday, April 8th. This represents a $2.52 annualized dividend and a yield of 3.24%. MSC Industrial Direct’s dividend payout ratio (DPR) is 49.61%.
In other MSC Industrial Direct news, EVP Douglas E. Jones sold 2,126 shares of the company’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $83.50, for a total transaction of $177,521.00. Following the completion of the transaction, the executive vice president now owns 7,496 shares in the company, valued at approximately $625,916. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Steven N. Baruch sold 5,404 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $82.00, for a total transaction of $443,128.00. The disclosure for this sale can be found here. 27.96% of the stock is owned by corporate insiders.
About MSC Industrial Direct
MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes metalworking and maintenance, repair, and operations (MRO) products in the United States, Canada, and the United Kingdom. The company's MRO products comprise 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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