Campbell & CO Investment Adviser LLC bought a new position in MSC Industrial Direct Company, Inc. (NYSE:MSM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,961 shares of the industrial products company’s stock, valued at approximately $255,000.
Other institutional investors also recently modified their holdings of the company. Nationwide Fund Advisors boosted its stake in shares of MSC Industrial Direct by 1.0% in the first quarter. Nationwide Fund Advisors now owns 74,878 shares of the industrial products company’s stock valued at $7,694,000 after buying an additional 757 shares during the last quarter. Simplex Trading LLC purchased a new stake in MSC Industrial Direct during the first quarter worth approximately $139,000. Hermes Investment Management Ltd. boosted its stake in MSC Industrial Direct by 1.5% in the first quarter. Hermes Investment Management Ltd. now owns 384,951 shares of the industrial products company’s stock worth $39,558,000 after buying an additional 5,610 shares during the last quarter. Oakbrook Investments LLC purchased a new stake in MSC Industrial Direct during the first quarter worth approximately $373,000. Finally, Nisa Investment Advisors LLC boosted its stake in MSC Industrial Direct by 6.8% in the first quarter. Nisa Investment Advisors LLC now owns 15,810 shares of the industrial products company’s stock worth $1,625,000 after buying an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 77.95% of the company’s stock.
MSC Industrial Direct Company, Inc. (NYSE MSM) opened at 67.28 on Friday. MSC Industrial Direct Company, Inc. has a one year low of $66.89 and a one year high of $105.70. The company has a 50 day moving average of $74.49 and a 200-day moving average of $89.12. The firm has a market cap of $3.83 billion, a PE ratio of 16.78 and a beta of 0.50.
MSC Industrial Direct (NYSE:MSM) last released its earnings results on Wednesday, July 12th. The industrial products company reported $1.09 earnings per share for the quarter, meeting the consensus estimate of $1.09. MSC Industrial Direct had a return on equity of 20.05% and a net margin of 8.07%. The firm had revenue of $743.90 million for the quarter, compared to analyst estimates of $744.49 million. During the same quarter in the prior year, the firm posted $1.05 earnings per share. The company’s quarterly revenue was up 2.3% on a year-over-year basis. On average, equities research analysts predict that MSC Industrial Direct Company, Inc. will post $3.98 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Tuesday, July 18th were issued a $0.45 dividend. The ex-dividend date of this dividend was Friday, July 14th. This represents a $1.80 annualized dividend and a dividend yield of 2.68%. MSC Industrial Direct’s dividend payout ratio (DPR) is currently 45.11%.
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MSM has been the subject of a number of research analyst reports. BidaskClub upgraded shares of MSC Industrial Direct from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 5th. Zacks Investment Research lowered shares of MSC Industrial Direct from a “buy” rating to a “hold” rating in a research report on Friday, June 9th. Robert W. Baird restated a “neutral” rating and set a $85.00 price target (down previously from $92.00) on shares of MSC Industrial Direct in a research report on Thursday, July 13th. J P Morgan Chase & Co assumed coverage on shares of MSC Industrial Direct in a research report on Friday, June 2nd. They set an “overweight” rating and a $91.00 price target on the stock. Finally, Stifel Nicolaus restated a “hold” rating and set a $78.00 price target (down previously from $88.00) on shares of MSC Industrial Direct in a research report on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $90.85.
In other news, Director Philip Peller acquired 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 19th. The stock was acquired at an average cost of $72.00 per share, for a total transaction of $72,000.00. Following the completion of the acquisition, the director now owns 2,422 shares in the company, valued at $174,384. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 31.28% of the stock is owned by corporate insiders.
About MSC Industrial Direct
MSC Industrial Direct Co, Inc is a North American distributor of metalworking and maintenance, repair and operations (MRO) products and services. The Company’s range of MRO products include cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock, 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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