MSC Industrial Direct Co., Inc. (NYSE:MSM) Stock Position Trimmed by New South Capital Management Inc.

New South Capital Management Inc. cut its position in MSC Industrial Direct Co., Inc. (NYSE:MSM) by 2.7% during the 4th quarter, HoldingsChannel reports. The firm owned 695,573 shares of the industrial products company’s stock after selling 19,508 shares during the quarter. MSC Industrial Direct makes up about 2.2% of New South Capital Management Inc.’s investment portfolio, making the stock its 16th largest position. New South Capital Management Inc.’s holdings in MSC Industrial Direct were worth $51,952,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its position in MSC Industrial Direct by 8.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,693,256 shares of the industrial products company’s stock valued at $126,469,000 after purchasing an additional 126,218 shares during the last quarter. Pacer Advisors Inc. lifted its position in MSC Industrial Direct by 11.1% in the 3rd quarter. Pacer Advisors Inc. now owns 918,235 shares of the industrial products company’s stock valued at $79,023,000 after purchasing an additional 91,369 shares during the last quarter. Bank of New York Mellon Corp lifted its position in MSC Industrial Direct by 9.7% in the 4th quarter. Bank of New York Mellon Corp now owns 793,184 shares of the industrial products company’s stock valued at $59,243,000 after purchasing an additional 70,076 shares during the last quarter. Disciplined Growth Investors Inc. MN lifted its position in MSC Industrial Direct by 5.8% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 641,779 shares of the industrial products company’s stock valued at $55,232,000 after purchasing an additional 35,077 shares during the last quarter. Finally, Boston Trust Walden Corp lifted its position in MSC Industrial Direct by 20.5% in the 4th quarter. Boston Trust Walden Corp now owns 618,103 shares of the industrial products company’s stock valued at $46,166,000 after purchasing an additional 105,265 shares during the last quarter. 79.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Wolfe Research assumed coverage on shares of MSC Industrial Direct in a research report on Thursday, January 16th. They issued an “outperform” rating and a $95.00 price objective on the stock. Stephens downgraded shares of MSC Industrial Direct from an “overweight” rating to an “equal weight” rating and set a $85.00 price target on the stock. in a research report on Wednesday, December 4th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $83.80.

MSC Industrial Direct Stock Up 1.0 %

Shares of MSM stock opened at $77.80 on Thursday. MSC Industrial Direct Co., Inc. has a 1 year low of $72.79 and a 1 year high of $100.69. The stock has a market cap of $4.35 billion, a PE ratio of 18.57 and a beta of 0.91. The business’s fifty day moving average is $80.16 and its 200-day moving average is $81.75. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 1.93.

MSC Industrial Direct (NYSE:MSM) last issued its quarterly earnings results on Wednesday, January 8th. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.13. MSC Industrial Direct had a return on equity of 17.80% and a net margin of 6.21%. The company had revenue of $928.50 million for the quarter, compared to analysts’ expectations of $904.90 million. During the same period last year, the firm earned $1.25 EPS. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. Equities analysts expect that MSC Industrial Direct Co., Inc. will post 3.57 earnings per share for the current fiscal 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 given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 4.37%. The ex-dividend date was Wednesday, January 15th. MSC Industrial Direct’s dividend payout ratio (DPR) is presently 81.15%.

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.