Capstone Asset Management Co. reduced its stake in shares of MSC Industrial Direct Company, Inc. (NYSE:MSM) by 3.2% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 6,073 shares of the industrial products company’s stock after selling 200 shares during the period. Capstone Asset Management Co.’s holdings in MSC Industrial Direct were worth $522,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of MSM. Fox Run Management L.L.C. bought a new stake in MSC Industrial Direct during the second quarter valued at $834,000. Leith Wheeler Investment Counsel Ltd. boosted its stake in MSC Industrial Direct by 49.0% in the second quarter. Leith Wheeler Investment Counsel Ltd. now owns 16,237 shares of the industrial products company’s stock valued at $1,396,000 after buying an additional 5,340 shares during the last quarter. Janus Capital Management LLC boosted its stake in MSC Industrial Direct by 207.3% in the first quarter. Janus Capital Management LLC now owns 83,900 shares of the industrial products company’s stock valued at $8,622,000 after buying an additional 56,600 shares during the last quarter. Grandeur Peak Global Advisors LLC boosted its stake in MSC Industrial Direct by 13.8% in the first quarter. Grandeur Peak Global Advisors LLC now owns 85,000 shares of the industrial products company’s stock valued at $8,735,000 after buying an additional 10,275 shares during the last quarter. Finally, Driehaus Capital Management LLC bought a new stake in MSC Industrial Direct during the first quarter valued at $781,000. Hedge funds and other institutional investors own 77.95% of the company’s stock.
MSC Industrial Direct Company, Inc. (NYSE:MSM) traded down 0.83% on Friday, reaching $67.28. 726,008 shares of the company traded hands. MSC Industrial Direct Company, Inc. has a one year low of $66.89 and a one year high of $105.70. The firm has a 50 day moving average of $74.49 and a 200-day moving average of $89.12. The stock has a market capitalization of $3.83 billion, a PE ratio of 16.78 and a beta of 0.50.
MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings results on Wednesday, July 12th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.09. The firm had revenue of $743.90 million for the quarter, compared to analysts’ expectations of $744.49 million. MSC Industrial Direct had a return on equity of 20.05% and a net margin of 8.07%. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.05 EPS. On average, analysts anticipate that MSC Industrial Direct Company, Inc. will post $3.98 EPS 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 dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date was Friday, July 14th. MSC Industrial Direct’s payout ratio is 45.11%.
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Several research analysts have recently issued reports on MSM shares. BidaskClub raised 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 note on Friday, June 9th. Robert W. Baird reaffirmed a “neutral” rating and issued a $85.00 target price (down previously from $92.00) on shares of MSC Industrial Direct in a research note on Thursday, July 13th. J P Morgan Chase & Co started coverage on shares of MSC Industrial Direct in a research note on Friday, June 2nd. They issued an “overweight” rating and a $91.00 target price on the stock. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $78.00 target price (down previously from $88.00) on shares of MSC Industrial Direct in a research note on Friday, July 14th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $90.85.
In other news, Director Philip Peller bought 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 19th. The shares were bought at an average cost of $72.00 per share, for a total transaction of $72,000.00. Following the acquisition, the director now directly 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 through the SEC website. 31.28% of the stock is currently owned by corporate insiders.
MSC Industrial Direct Company Profile
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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