Commonwealth Equity Services LLC Purchases 142 Shares of MSC Industrial Direct Co., Inc. (NYSE:MSM)

Commonwealth Equity Services LLC lifted its position in shares of MSC Industrial Direct Co., Inc. (NYSE:MSM) by 3.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,110 shares of the industrial products company’s stock after purchasing an additional 142 shares during the period. Commonwealth Equity Services LLC’s holdings in MSC Industrial Direct were worth $329,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Truvestments Capital LLC grew its holdings in shares of MSC Industrial Direct by 9.1% during the third quarter. Truvestments Capital LLC now owns 19,738 shares of the industrial products company’s stock worth $1,583,000 after purchasing an additional 1,644 shares during the last quarter. State of New Jersey Common Pension Fund D grew its holdings in shares of MSC Industrial Direct by 19.2% during the third quarter. State of New Jersey Common Pension Fund D now owns 31,565 shares of the industrial products company’s stock worth $2,531,000 after purchasing an additional 5,089 shares during the last quarter. Mountain Pacific Investment Advisers Inc. ID grew its holdings in shares of MSC Industrial Direct by 0.4% during the third quarter. Mountain Pacific Investment Advisers Inc. ID now owns 111,305 shares of the industrial products company’s stock worth $8,926,000 after purchasing an additional 389 shares during the last quarter. Rockland Trust Co. grew its holdings in shares of MSC Industrial Direct by 1.7% during the third quarter. Rockland Trust Co. now owns 8,501 shares of the industrial products company’s stock worth $682,000 after purchasing an additional 142 shares during the last quarter. Finally, Capital Advisors Inc. OK grew its holdings in shares of MSC Industrial Direct by 0.9% during the third quarter. Capital Advisors Inc. OK now owns 217,088 shares of the industrial products company’s stock worth $17,408,000 after purchasing an additional 1,881 shares during the last quarter. Institutional investors own 75.24% of the company’s stock.

A number of equities analysts recently commented on the company. Robert W. Baird lifted their price objective on MSC Industrial Direct from $98.00 to $101.00 and gave the stock an “outperform” rating in a research note on Thursday, October 21st. KeyCorp cut their price objective on MSC Industrial Direct from $102.00 to $91.00 and set an “overweight” rating on the stock in a research note on Monday, September 27th. TheStreet raised MSC Industrial Direct from a “c+” rating to a “b” rating in a research note on Wednesday, November 10th. Finally, Zacks Investment Research lowered MSC Industrial Direct from a “buy” rating to a “hold” rating in a research note on Friday, January 7th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $99.57.

Shares of NYSE:MSM opened at $85.39 on Friday. The company has a quick ratio of 1.24, a current ratio of 2.30 and a debt-to-equity ratio of 0.47. MSC Industrial Direct Co., Inc. has a twelve month low of $77.47 and a twelve month high of $96.23. The stock’s 50 day moving average is $83.71 and its 200-day moving average is $84.37. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of 19.58 and a beta of 1.06.

MSC Industrial Direct (NYSE:MSM) last issued its earnings results on Wednesday, December 22nd. The industrial products company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.05. MSC Industrial Direct had a return on equity of 24.06% and a net margin of 7.37%. The company had revenue of $848.50 million for the quarter, compared to analyst estimates of $839.63 million. During the same period in the prior year, the firm earned $1.10 earnings per share. MSC Industrial Direct’s revenue for the quarter was up 9.9% on a year-over-year basis. Equities research analysts anticipate that MSC Industrial Direct Co., Inc. will post 5.76 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 25th. Investors of record on Tuesday, January 11th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Monday, January 10th. This represents a $3.00 annualized dividend and a yield of 3.51%. MSC Industrial Direct’s dividend payout ratio (DPR) is currently 68.81%.

MSC Industrial Direct Company Profile

MSC Industrial Direct Co, Inc engages in the distribution of metalworking and maintenance, repair, and operations products and services to manufacturing companies. Its products include cutting tools, measuring instruments, tooling components, metalworking, fasteners, flat stock, 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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