World Asset Management Inc acquired a new stake in shares of MSC Industrial Direct Co Inc (NYSE:MSM) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 2,906 shares of the industrial products company’s stock, valued at approximately $212,000.

A number of other institutional investors have also recently bought and sold shares of MSM. Aigen Investment Management LP bought a new stake in shares of MSC Industrial Direct in the 1st quarter worth approximately $26,000. Van ECK Associates Corp boosted its position in shares of MSC Industrial Direct by 89.9% in the 1st quarter. Van ECK Associates Corp now owns 526 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 249 shares in the last quarter. Signaturefd LLC boosted its position in shares of MSC Industrial Direct by 559.1% in the 1st quarter. Signaturefd LLC now owns 580 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 492 shares in the last quarter. Citizens Financial Group Inc RI boosted its position in shares of MSC Industrial Direct by 90.5% in the 1st quarter. Citizens Financial Group Inc RI now owns 663 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 315 shares in the last quarter. Finally, FinTrust Capital Advisors LLC bought a new stake in shares of MSC Industrial Direct in the 1st quarter worth approximately $69,000. 72.98% of the stock is currently owned by institutional investors and hedge funds.

Shares of MSM opened at $66.01 on Friday. The firm has a market cap of $3.66 billion, a PE ratio of 13.81 and a beta of 1.00. The company has a current ratio of 2.63, a quick ratio of 1.66 and a debt-to-equity ratio of 0.51. The firm has a fifty day simple moving average of $69.17 and a two-hundred day simple moving average of $65.19. MSC Industrial Direct Co Inc has a 1-year low of $44.93 and a 1-year high of $79.87.

MSC Industrial Direct (NYSE:MSM) last announced its earnings results on Wednesday, July 8th. The industrial products company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.24. The business had revenue of $834.97 million during the quarter, compared to analyst estimates of $835.02 million. MSC Industrial Direct had a net margin of 8.07% and a return on equity of 19.58%. As a group, research analysts forecast that MSC Industrial Direct Co Inc will post 4.51 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 28th. Shareholders of record on Tuesday, July 14th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Monday, July 13th. This represents a $3.00 dividend on an annualized basis and a yield of 4.54%. MSC Industrial Direct’s dividend payout ratio is presently 56.71%.

A number of brokerages have recently commented on MSM. TheStreet raised MSC Industrial Direct from a “c+” rating to a “b-” rating in a research report on Tuesday, June 16th. KeyCorp boosted their price target on MSC Industrial Direct from $75.00 to $82.00 and gave the stock an “overweight” rating in a research report on Thursday, June 11th. Deutsche Bank lowered their price objective on MSC Industrial Direct from $79.00 to $76.00 and set a “hold” rating on the stock in a research report on Thursday, July 9th. ValuEngine cut MSC Industrial Direct from a “hold” rating to a “sell” rating in a research report on Thursday, July 2nd. Finally, JPMorgan Chase & Co. upped their price objective on MSC Industrial Direct from $64.00 to $74.00 and gave the company a “neutral” rating in a research report on Tuesday, June 23rd. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $72.13.

In other news, EVP Douglas E. Jones sold 3,697 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $60.00, for a total value of $221,820.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Edward F. Martin, Jr. sold 653 shares of the company’s stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $64.79, for a total value of $42,307.87. The disclosure for this sale can be found here. 28.75% of the stock is currently owned by 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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Institutional Ownership by Quarter for MSC Industrial Direct (NYSE:MSM)

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