MSC Industrial Direct Co., Inc. (NYSE:MSM) Shares Purchased by Zions Bancorporation N.A.

Zions Bancorporation N.A. raised its holdings in MSC Industrial Direct Co., Inc. (NYSE:MSMFree Report) by 6.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,165 shares of the industrial products company’s stock after buying an additional 646 shares during the quarter. Zions Bancorporation N.A.’s holdings in MSC Industrial Direct were worth $998,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MSM. BlackRock Inc. grew its holdings in MSC Industrial Direct by 34.8% in the 1st quarter. BlackRock Inc. now owns 5,480,861 shares of the industrial products company’s stock valued at $467,024,000 after buying an additional 1,414,485 shares during the period. Norges Bank purchased a new stake in shares of MSC Industrial Direct during the 4th quarter worth about $38,273,000. Capital Research Global Investors purchased a new stake in shares of MSC Industrial Direct during the 2nd quarter worth about $28,584,000. Acadian Asset Management LLC grew its holdings in shares of MSC Industrial Direct by 68.7% during the 2nd quarter. Acadian Asset Management LLC now owns 635,569 shares of the industrial products company’s stock worth $60,534,000 after purchasing an additional 258,729 shares during the period. Finally, Miller Howard Investments Inc. NY purchased a new stake in shares of MSC Industrial Direct during the 2nd quarter worth about $19,898,000. Hedge funds and other institutional investors own 89.51% of the company’s stock.

MSC Industrial Direct Stock Performance

MSM stock opened at $99.65 on Wednesday. The company has a current ratio of 2.02, a quick ratio of 0.89 and a debt-to-equity ratio of 0.21. The firm has a market cap of $5.62 billion, a P/E ratio of 16.95 and a beta of 0.97. MSC Industrial Direct Co., Inc. has a 12-month low of $77.99 and a 12-month high of $105.77. The stock’s 50 day simple moving average is $98.44 and its 200 day simple moving average is $98.66.

MSC Industrial Direct (NYSE:MSMGet Free Report) last issued its quarterly earnings data on Tuesday, January 9th. The industrial products company reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.05). The company had revenue of $954.00 million for the quarter, compared to the consensus estimate of $971.31 million. MSC Industrial Direct had a return on equity of 23.46% and a net margin of 8.27%. MSC Industrial Direct’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.48 earnings per share. As a group, equities research analysts predict that MSC Industrial Direct Co., Inc. will post 5.91 EPS for the current year.

MSC Industrial Direct Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 9th were paid a $0.83 dividend. The ex-dividend date was Monday, January 8th. This represents a $3.32 annualized dividend and a dividend yield of 3.33%. MSC Industrial Direct’s payout ratio is 56.46%.

Insider Transactions at MSC Industrial Direct

In related news, Director Mitchell Jacobson sold 137,716 shares of MSC Industrial Direct stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $97.66, for a total transaction of $13,449,344.56. Following the transaction, the director now directly owns 1,708,311 shares of the company’s stock, valued at $166,833,652.26. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other MSC Industrial Direct news, CEO Erik Gershwind sold 13,599 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $97.91, for a total transaction of $1,331,478.09. Following the completion of the sale, the chief executive officer now directly owns 1,339,052 shares in the company, valued at approximately $131,106,581.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mitchell Jacobson sold 137,716 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $97.66, for a total value of $13,449,344.56. Following the sale, the director now owns 1,708,311 shares of the company’s stock, valued at $166,833,652.26. The disclosure for this sale can be found here. Over the last quarter, insiders sold 249,177 shares of company stock valued at $24,290,064. 18.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

MSM has been the subject of a number of research reports. Loop Capital upgraded MSC Industrial Direct from a “hold” rating to a “buy” rating and boosted their target price for the stock from $96.00 to $124.00 in a report on Monday, October 9th. KeyCorp decreased their price target on MSC Industrial Direct from $105.00 to $102.00 and set an “overweight” rating for the company in a report on Wednesday, January 10th. Finally, StockNews.com initiated coverage on MSC Industrial Direct in a report on Thursday, October 5th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, MSC Industrial Direct has a consensus rating of “Moderate Buy” and a consensus price target of $105.00.

View Our Latest Report on MSM

MSC Industrial Direct Profile

(Free Report)

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.

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

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