16,968 Shares in MSC Industrial Direct Company, Inc. $MSM Acquired by Intech Investment Management LLC

Intech Investment Management LLC bought a new position in shares of MSC Industrial Direct Company, Inc. (NYSE:MSM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 16,968 shares of the industrial products company’s stock, valued at approximately $1,427,000.

Other hedge funds have also recently bought and sold shares of the company. Hantz Financial Services Inc. boosted its position in MSC Industrial Direct by 257.4% during the third quarter. Hantz Financial Services Inc. now owns 361 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 260 shares during the last quarter. Quarry LP boosted its position in MSC Industrial Direct by 71.7% during the third quarter. Quarry LP now owns 503 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 210 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in MSC Industrial Direct by 130.4% during the second quarter. EverSource Wealth Advisors LLC now owns 576 shares of the industrial products company’s stock worth $49,000 after acquiring an additional 326 shares during the last quarter. Allworth Financial LP boosted its position in MSC Industrial Direct by 25.9% during the fourth quarter. Allworth Financial LP now owns 628 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 129 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its position in MSC Industrial Direct by 79.9% during the first quarter. NewEdge Advisors LLC now owns 750 shares of the industrial products company’s stock worth $58,000 after acquiring an additional 333 shares during the last quarter. Institutional investors and hedge funds own 79.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. iA Financial set a $95.00 target price on shares of MSC Industrial Direct in a research report on Friday, February 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MSC Industrial Direct in a research note on Monday, April 27th. KeyCorp increased their price target on shares of MSC Industrial Direct from $117.00 to $120.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $95.00 price target on shares of MSC Industrial Direct in a research note on Friday, February 6th. One research analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $94.71.

MSC Industrial Direct Stock Down 1.3%

Shares of NYSE MSM opened at $115.48 on Friday. MSC Industrial Direct Company, Inc. has a 12-month low of $78.80 and a 12-month high of $118.52. The company has a market cap of $6.45 billion, a P/E ratio of 31.04 and a beta of 0.84. The company has a current ratio of 1.73, a quick ratio of 0.78 and a debt-to-equity ratio of 0.14. The stock has a fifty day moving average price of $101.46 and a 200 day moving average price of $92.78.

MSC Industrial Direct (NYSE:MSM) last announced its quarterly earnings results on Wednesday, April 1st. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.02). MSC Industrial Direct had a net margin of 5.42% and a return on equity of 16.06%. The company had revenue of $917.77 million during the quarter, compared to analyst estimates of $931.69 million. During the same quarter in the prior year, the company posted $0.72 earnings per share. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. Research analysts anticipate that MSC Industrial Direct Company, Inc. will post 4.33 EPS for the current fiscal year.

MSC Industrial Direct Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 22nd. Investors of record on Wednesday, April 8th were issued a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 3.0%. The ex-dividend date was Wednesday, April 8th. MSC Industrial Direct’s dividend payout ratio is currently 93.55%.

MSC Industrial Direct Company Profile

MSC Industrial Direct Co, Inc (NYSE: MSM) is a leading distributor of metalworking and maintenance, repair and operations (MRO) products serving a broad range of industrial customers across North America. The company offers an extensive portfolio of cutting tools, abrasives, measuring and inspection instruments, fasteners, safety supplies and other essential components used in manufacturing, metalworking and production environments. MSC delivers products through a multi-channel distribution network, including an extensive branch system, e-commerce platform and dedicated sales force.

In addition to its core product offerings, MSC Industrial Direct provides value-added services designed to improve productivity and reduce downtime for its customers.