Cadence Capital Management LLC lessened its position in MSC Industrial Direct Co Inc (NYSE:MSM) by 41.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,460 shares of the industrial products company’s stock after selling 4,572 shares during the period. Cadence Capital Management LLC’s holdings in MSC Industrial Direct were worth $488,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of MSM. Zurcher Kantonalbank Zurich Cantonalbank increased its position in MSC Industrial Direct by 8.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,539 shares of the industrial products company’s stock worth $132,000 after purchasing an additional 123 shares during the last quarter. PNC Financial Services Group Inc. increased its position in MSC Industrial Direct by 0.5% during the second quarter. PNC Financial Services Group Inc. now owns 1,577 shares of the industrial products company’s stock worth $136,000 after purchasing an additional 8 shares during the last quarter. QS Investors LLC increased its position in MSC Industrial Direct by 0.5% during the second quarter. QS Investors LLC now owns 1,749 shares of the industrial products company’s stock worth $150,000 after purchasing an additional 8 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in MSC Industrial Direct by 1,373.3% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 2,210 shares of the industrial products company’s stock worth $167,000 after purchasing an additional 2,060 shares during the last quarter. Finally, Numeric Investors LLC acquired a new position in MSC Industrial Direct during the second quarter worth approximately $206,000. 75.57% of the stock is owned by institutional investors and hedge funds.

MSM has been the subject of several research analyst reports. Zacks Investment Research raised shares of MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a research report on Wednesday, September 27th. Stifel Nicolaus reaffirmed a “hold” rating and set a $84.00 price target on shares of MSC Industrial Direct in a research report on Friday, November 3rd. BMO Capital Markets reaffirmed a “market perform” rating on shares of MSC Industrial Direct in a research report on Tuesday, September 12th. TheStreet downgraded shares of MSC Industrial Direct from a “b” rating to a “c+” rating in a research note on Wednesday, August 16th. Finally, Credit Suisse Group set a $93.00 price objective on shares of MSC Industrial Direct and gave the stock a “buy” rating in a research note on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $88.17.

MSC Industrial Direct Co Inc (MSM) traded down $2.76 on Wednesday, reaching $90.08. 451,400 shares of the company’s stock traded hands, compared to its average volume of 620,105. The company has a current ratio of 1.80, a quick ratio of 0.97 and a debt-to-equity ratio of 0.16. MSC Industrial Direct Co Inc has a 12 month low of $65.42 and a 12 month high of $105.70. The stock has a market capitalization of $5,235.34, a P/E ratio of 22.98, a P/E/G ratio of 1.81 and a beta of 0.67.

MSC Industrial Direct (NYSE:MSM) last released its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.08. MSC Industrial Direct had a net margin of 8.01% and a return on equity of 19.42%. The company had revenue of $753.80 million during the quarter, compared to the consensus estimate of $745.80 million. During the same period in the previous year, the firm earned $1.02 earnings per share. MSC Industrial Direct’s revenue for the quarter was up 1.2% on a year-over-year basis. equities research analysts anticipate that MSC Industrial Direct Co Inc will post 4.45 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 28th. Stockholders of record on Tuesday, November 14th were paid a $0.48 dividend. The ex-dividend date was Monday, November 13th. This is an increase from MSC Industrial Direct’s previous quarterly dividend of $0.45. This represents a $1.92 annualized dividend and a dividend yield of 2.13%. MSC Industrial Direct’s dividend payout ratio is 47.52%.

In other news, Director Mitchell Jacobson sold 26,306 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $79.40, for a total value of $2,088,696.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Steven N. Baruch sold 5,762 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $81.25, for a total transaction of $468,162.50. The disclosure for this sale can be found here. Insiders sold 225,541 shares of company stock valued at $18,264,812 over the last 90 days. Insiders own 31.28% of the company’s stock.

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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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