MSC Industrial Direct Co., Inc. (NYSE:MSM) Shares Sold by WealthPlan Investment Management LLC

WealthPlan Investment Management LLC lessened its stake in shares of MSC Industrial Direct Co., Inc. (NYSE:MSM) by 0.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 121,447 shares of the industrial products company’s stock after selling 809 shares during the period. WealthPlan Investment Management LLC owned 0.22% of MSC Industrial Direct worth $9,071,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new stake in MSC Industrial Direct in the 3rd quarter valued at about $26,000. First Horizon Advisors Inc. raised its position in 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 during the last quarter. UMB Bank n.a. boosted its stake in shares of MSC Industrial Direct by 54.0% during the fourth quarter. UMB Bank n.a. now owns 476 shares of the industrial products company’s stock worth $36,000 after buying an additional 167 shares during the period. Synergy Asset Management LLC purchased a new position in shares of MSC Industrial Direct in the 4th quarter valued at approximately $36,000. Finally, Farther Finance Advisors LLC grew its position in MSC Industrial Direct by 892.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 695 shares of the industrial products company’s stock valued at $60,000 after buying an additional 625 shares during the last quarter. 79.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on MSM. Wolfe Research started coverage on MSC Industrial Direct in a research report on Thursday, January 16th. They issued an “outperform” rating and a $95.00 price target for the company. JPMorgan Chase & Co. cut 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 note on Friday, October 25th. Finally, Stephens lowered 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 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $83.80.

MSC Industrial Direct Trading Down 0.7 %

NYSE:MSM opened at $81.42 on Friday. MSC Industrial Direct Co., Inc. has a 1-year low of $72.79 and a 1-year high of $104.76. The stock has a fifty day simple moving average of $80.27 and a 200 day simple moving average of $81.91. The company has a quick ratio of 0.91, a current ratio of 1.93 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $4.55 billion, a price-to-earnings ratio of 19.43 and a beta of 0.91.

MSC Industrial Direct (NYSE:MSM) last issued its earnings results on Wednesday, January 8th. The industrial products company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $928.50 million for the quarter, compared to the consensus estimate of $904.90 million. During the same quarter in the previous year, the company posted $1.25 earnings per share. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. Sell-side analysts forecast that MSC Industrial Direct Co., Inc. will post 3.57 earnings per share for the current year.

MSC Industrial Direct Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 15th were issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date was Wednesday, January 15th. MSC Industrial Direct’s dividend payout ratio (DPR) is presently 81.15%.

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.