Linden Thomas Advisory Services LLC Has $1.47 Million Holdings in MSC Industrial Direct Company, Inc. $MSM

Linden Thomas Advisory Services LLC grew its position in shares of MSC Industrial Direct Company, Inc. (NYSE:MSM) by 2.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,275 shares of the industrial products company’s stock after buying an additional 366 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in MSC Industrial Direct were worth $1,469,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. FNY Investment Advisers LLC lifted its holdings in shares of MSC Industrial Direct by 1,261.7% during the 2nd quarter. FNY Investment Advisers LLC now owns 1,103 shares of the industrial products company’s stock valued at $93,000 after buying an additional 1,022 shares during the last quarter. Chicago Partners Investment Group LLC acquired a new stake in shares of MSC Industrial Direct during the 2nd quarter valued at about $263,000. Praxis Investment Management Inc. acquired a new stake in shares of MSC Industrial Direct during the 2nd quarter valued at about $451,000. WealthPlan Investment Management LLC lifted its holdings in shares of MSC Industrial Direct by 12.7% during the 2nd quarter. WealthPlan Investment Management LLC now owns 142,009 shares of the industrial products company’s stock valued at $12,074,000 after buying an additional 16,026 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its holdings in shares of MSC Industrial Direct by 267.1% during the 2nd quarter. Allianz Asset Management GmbH now owns 87,060 shares of the industrial products company’s stock valued at $7,402,000 after buying an additional 63,347 shares during the last quarter. 79.26% of the stock is currently owned by institutional investors and hedge funds.

MSC Industrial Direct Stock Performance

Shares of NYSE MSM opened at $87.92 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.68 and a debt-to-equity ratio of 0.12. The business’s 50 day moving average is $89.87 and its two-hundred day moving average is $85.04. The company has a market cap of $4.90 billion, a P/E ratio of 24.70 and a beta of 0.95. MSC Industrial Direct Company, Inc. has a 12 month low of $68.10 and a 12 month high of $94.31.

MSC Industrial Direct (NYSE:MSM) last issued its quarterly earnings results on Thursday, October 23rd. The industrial products company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.03 by $0.06. The company had revenue of $978.18 million for the quarter, compared to the consensus estimate of $964.03 million. MSC Industrial Direct had a return on equity of 15.21% and a net margin of 5.29%.The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.03 EPS. On average, equities analysts expect that MSC Industrial Direct Company, Inc. will post 3.57 EPS for the current year.

MSC Industrial Direct Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th will be given a $0.87 dividend. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $3.48 annualized dividend and a yield of 4.0%. This is an increase from MSC Industrial Direct’s previous quarterly dividend of $0.85. MSC Industrial Direct’s dividend payout ratio (DPR) is presently 95.51%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Loop Capital lifted their price target on MSC Industrial Direct from $74.00 to $84.00 and gave the company a “hold” rating in a report on Wednesday, July 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of MSC Industrial Direct in a report on Wednesday, October 8th. Stephens boosted their target price on MSC Industrial Direct from $85.00 to $90.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 2nd. JPMorgan Chase & Co. boosted their target price on MSC Industrial Direct from $93.00 to $96.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Robert W. Baird boosted their target price on MSC Industrial Direct from $84.00 to $95.00 and gave the stock a “neutral” rating in a report on Wednesday, July 2nd. One equities research analyst has rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $91.50.

About MSC Industrial Direct

MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes metalworking and maintenance, repair, and operations (MRO) products and services in the United States, Canada, Mexico, the United Kingdom, and internationally. The company's MRO products include 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.