Arizona State Retirement System boosted its stake in MSC Industrial Direct Company, Inc. (NYSE:MSM) by 1.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,000 shares of the industrial products company’s stock after buying an additional 300 shares during the period. Arizona State Retirement System’s holdings in MSC Industrial Direct were worth $1,633,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Canada Pension Plan Investment Board boosted its position in shares of MSC Industrial Direct by 20.1% in the second quarter. Canada Pension Plan Investment Board now owns 384,005 shares of the industrial products company’s stock valued at $33,009,000 after buying an additional 64,305 shares during the period. Retirement Systems of Alabama boosted its position in shares of MSC Industrial Direct by 2.5% in the second quarter. Retirement Systems of Alabama now owns 92,522 shares of the industrial products company’s stock valued at $7,953,000 after buying an additional 2,295 shares during the period. Texas Permanent School Fund boosted its position in shares of MSC Industrial Direct by 1.4% in the second quarter. Texas Permanent School Fund now owns 32,918 shares of the industrial products company’s stock valued at $2,830,000 after buying an additional 447 shares during the period. World Asset Management Inc boosted its position in shares of MSC Industrial Direct by 10.0% in the second quarter. World Asset Management Inc now owns 3,225 shares of the industrial products company’s stock valued at $277,000 after buying an additional 292 shares during the period. Finally, Lebenthal Lisanti Capital Growth LLC boosted its position in shares of MSC Industrial Direct by 26.7% in the second quarter. Lebenthal Lisanti Capital Growth LLC now owns 6,412 shares of the industrial products company’s stock valued at $551,000 after buying an additional 1,352 shares during the period. 77.95% of the stock is owned by institutional investors and hedge funds.

MSC Industrial Direct Company, Inc. (NYSE MSM) opened at 67.00 on Thursday. MSC Industrial Direct Company, Inc. has a 12-month low of $65.42 and a 12-month high of $105.70. The stock’s 50 day moving average is $73.14 and its 200 day moving average is $88.26. The stock has a market capitalization of $3.82 billion, a PE ratio of 16.71 and a beta of 0.50.

MSC Industrial Direct (NYSE:MSM) last released its quarterly earnings results on Wednesday, July 12th. The industrial products company reported $1.09 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.09. MSC Industrial Direct had a return on equity of 20.05% and a net margin of 8.07%. The business had revenue of $743.90 million during the quarter, compared to analysts’ expectations of $744.49 million. During the same quarter in the prior year, the business earned $1.05 earnings per share. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. Equities analysts anticipate that MSC Industrial Direct Company, Inc. will post $3.98 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Tuesday, July 18th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.69%. The ex-dividend date was Friday, July 14th. MSC Industrial Direct’s dividend payout ratio (DPR) is presently 45.11%.

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Several research analysts have issued reports on the stock. TheStreet cut shares of MSC Industrial Direct from a “b” rating to a “c+” rating in a report on Wednesday, August 16th. J P Morgan Chase & Co cut shares of MSC Industrial Direct from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $80.00 to $76.00 in a report on Friday, August 4th. Zacks Investment Research raised shares of MSC Industrial Direct from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. BidaskClub cut shares of MSC Industrial Direct from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Finally, Northcoast Research assumed coverage on shares of MSC Industrial Direct in a report on Tuesday, July 25th. They issued a “neutral” rating for the company. Two investment 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 price target of $90.85.

In related news, Director Philip Peller purchased 1,000 shares of the business’s stock in a transaction dated Wednesday, July 19th. The stock was acquired at an average price of $72.00 per share, for a total transaction of $72,000.00. Following the completion of the purchase, the director now directly owns 2,422 shares of the company’s stock, valued at $174,384. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 31.28% of the stock is 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.

Institutional Ownership by Quarter for MSC Industrial Direct (NYSE:MSM)

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