MSC Industrial Direct Co., Inc. (NYSE:MSM) Shares Sold by WealthPLAN Partners LLC

WealthPLAN Partners LLC lessened its holdings in shares of MSC Industrial Direct Co., Inc. (NYSE:MSM) by 2.2% in the 3rd quarter, Holdings Channel reports. The fund owned 61,518 shares of the industrial products company’s stock after selling 1,393 shares during the quarter. WealthPLAN Partners LLC’s holdings in MSC Industrial Direct were worth $5,294,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Quent Capital LLC increased its holdings in shares of MSC Industrial Direct by 57.0% in the third quarter. Quent Capital LLC now owns 372 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 135 shares during the last quarter. Frank Rimerman Advisors LLC increased its stake in shares of MSC Industrial Direct by 2.4% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 6,925 shares of the industrial products company’s stock worth $596,000 after acquiring an additional 161 shares during the last quarter. US Bancorp DE raised its holdings in shares of MSC Industrial Direct by 6.5% during the 3rd quarter. US Bancorp DE now owns 2,833 shares of the industrial products company’s stock worth $244,000 after acquiring an additional 173 shares during the period. Arizona State Retirement System boosted its position in shares of MSC Industrial Direct by 1.7% during the 2nd quarter. Arizona State Retirement System now owns 12,609 shares of the industrial products company’s stock valued at $1,000,000 after acquiring an additional 209 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of MSC Industrial Direct by 442.1% in the third quarter. UMB Bank n.a. now owns 309 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 252 shares during the period. Institutional investors and hedge funds own 79.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MSM. Robert W. Baird lifted their target price on shares of MSC Industrial Direct from $84.00 to $91.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. reduced their price target on shares of MSC Industrial Direct from $87.00 to $73.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $90.20.

MSC Industrial Direct Trading Up 1.4 %

Shares of MSM stock opened at $90.21 on Tuesday. The company has a 50-day moving average of $82.46 and a two-hundred day moving average of $83.58. The firm has a market cap of $5.04 billion, a PE ratio of 19.70 and a beta of 0.87. MSC Industrial Direct Co., Inc. has a 1-year low of $75.05 and a 1-year high of $104.76. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.96 and a quick ratio of 0.90.

MSC Industrial Direct (NYSE:MSM) last posted its earnings results on Thursday, October 24th. The industrial products company reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.05). MSC Industrial Direct had a net margin of 6.77% and a return on equity of 19.35%. The company had revenue of $952.30 million during the quarter, compared to analyst estimates of $959.74 million. During the same quarter last year, the business posted $1.64 EPS. The firm’s revenue for the quarter was down 8.0% on a year-over-year basis. On average, analysts predict that MSC Industrial Direct Co., Inc. will post 3.65 EPS for the current year.

MSC Industrial Direct Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be issued a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 3.77%. The ex-dividend date is Wednesday, November 13th. This is an increase from MSC Industrial Direct’s previous quarterly dividend of $0.83. MSC Industrial Direct’s payout ratio is currently 72.49%.

MSC Industrial Direct Profile

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.