MSC Industrial Direct Co., Inc. (NYSE:MSM) Shares Bought by Tectonic Advisors LLC

Tectonic Advisors LLC raised its position in MSC Industrial Direct Co., Inc. (NYSE:MSM) by 16.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 72,700 shares of the industrial products company’s stock after acquiring an additional 10,357 shares during the period. Tectonic Advisors LLC’s holdings in MSC Industrial Direct were worth $5,430,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. First Horizon Advisors Inc. increased its holdings in shares of MSC Industrial Direct by 53.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 407 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 141 shares in the last quarter. Frank Rimerman Advisors LLC increased its holdings 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 valued at $596,000 after purchasing an additional 161 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of MSC Industrial Direct by 54.0% in the 4th quarter. UMB Bank n.a. now owns 476 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 167 shares in the last quarter. US Bancorp DE increased its holdings in shares of MSC Industrial Direct by 6.5% in the 3rd quarter. US Bancorp DE now owns 2,833 shares of the industrial products company’s stock valued at $244,000 after purchasing an additional 173 shares in the last quarter. Finally, M&T Bank Corp increased its holdings in shares of MSC Industrial Direct by 4.9% in the 3rd quarter. M&T Bank Corp now owns 3,761 shares of the industrial products company’s stock valued at $324,000 after purchasing an additional 176 shares in the last quarter. Hedge funds and other institutional investors own 79.26% of the company’s stock.

MSC Industrial Direct Stock Performance

Shares of NYSE MSM opened at $80.55 on Wednesday. The company has a market cap of $4.50 billion, a PE ratio of 19.22 and a beta of 0.91. MSC Industrial Direct Co., Inc. has a 12 month low of $72.79 and a 12 month high of $104.76. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.93 and a quick ratio of 0.91. The company has a 50-day simple moving average of $80.84 and a 200-day simple moving average of $82.10.

MSC Industrial Direct (NYSE:MSM) last issued its quarterly earnings results on Wednesday, January 8th. The industrial products company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.13. The business had revenue of $928.50 million during the quarter, compared to the consensus estimate of $904.90 million. MSC Industrial Direct had a net margin of 6.21% and a return on equity of 17.80%. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.25 earnings per share. On average, equities analysts anticipate that MSC Industrial Direct Co., Inc. will post 3.57 earnings per share for the current year.

MSC Industrial Direct Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th were issued a dividend of $0.85 per share. The ex-dividend date was Wednesday, January 15th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.22%. MSC Industrial Direct’s dividend payout ratio (DPR) is presently 81.15%.

Insider Buying and Selling

In other MSC Industrial Direct news, CEO Erik Gershwind sold 50,000 shares of MSC Industrial Direct stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $90.36, for a total transaction of $4,518,000.00. Following the transaction, the chief executive officer now directly owns 1,402,849 shares of the company’s stock, valued at $126,761,435.64. The trade was a 3.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Philip Peller sold 900 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $89.07, for a total transaction of $80,163.00. Following the sale, the director now owns 4,044 shares of the company’s stock, valued at approximately $360,199.08. This represents a 18.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 18.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut their price target on shares of MSC Industrial Direct from $87.00 to $73.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Wolfe Research assumed coverage on shares of MSC Industrial Direct in a report on Thursday, January 16th. They set an “outperform” rating and a $95.00 target price for the company. Stephens downgraded shares of MSC Industrial Direct from an “overweight” rating to an “equal weight” rating and set a $85.00 target price for the company. in a report on Wednesday, December 4th. Finally, Robert W. Baird raised their target price on shares of MSC Industrial Direct from $84.00 to $91.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $83.80.

MSC Industrial Direct Company 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.