MSC Industrial Direct Co., Inc. (NYSE:MSM) Shares Acquired by Mountain Pacific Investment Advisers Inc. ID

Mountain Pacific Investment Advisers Inc. ID increased its position in MSC Industrial Direct Co., Inc. (NYSE:MSM) by 0.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 110,274 shares of the industrial products company’s stock after acquiring an additional 700 shares during the quarter. Mountain Pacific Investment Advisers Inc. ID’s holdings in MSC Industrial Direct were worth $11,166,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of MSC Industrial Direct by 4.3% in the 3rd quarter. Vanguard Group Inc. now owns 4,817,016 shares of the industrial products company’s stock worth $472,790,000 after acquiring an additional 197,193 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of MSC Industrial Direct by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,080,301 shares of the industrial products company’s stock worth $106,032,000 after acquiring an additional 52,633 shares during the period. AQR Capital Management LLC grew its holdings in shares of MSC Industrial Direct by 19.6% in the 3rd quarter. AQR Capital Management LLC now owns 769,908 shares of the industrial products company’s stock worth $75,566,000 after acquiring an additional 125,944 shares during the period. 59 North Capital Management LP grew its holdings in shares of MSC Industrial Direct by 1.5% in the 3rd quarter. 59 North Capital Management LP now owns 719,911 shares of the industrial products company’s stock worth $70,659,000 after acquiring an additional 10,891 shares during the period. Finally, Pacer Advisors Inc. grew its holdings in MSC Industrial Direct by 23.0% during the 4th quarter. Pacer Advisors Inc. now owns 605,437 shares of the industrial products company’s stock valued at $61,307,000 after buying an additional 113,068 shares during the last quarter. Institutional investors and hedge funds own 79.26% of the company’s stock.

MSC Industrial Direct Price Performance

Shares of NYSE:MSM opened at $93.22 on Friday. MSC Industrial Direct Co., Inc. has a one year low of $88.61 and a one year high of $105.77. The stock has a market cap of $5.25 billion, a PE ratio of 16.74 and a beta of 0.95. The business’s fifty day moving average price is $96.66 and its two-hundred day moving average price is $97.80. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.92 and a current ratio of 2.01.

MSC Industrial Direct (NYSE:MSM) last issued its quarterly earnings results on Thursday, March 28th. The industrial products company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.02. MSC Industrial Direct had a return on equity of 22.58% and a net margin of 7.89%. The company had revenue of $935.30 million for the quarter, compared to analyst estimates of $946.55 million. During the same quarter in the prior year, the company posted $1.45 EPS. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. On average, analysts forecast that MSC Industrial Direct Co., Inc. will post 5.69 EPS for the current fiscal year.

MSC Industrial Direct Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th were paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date of this dividend was Monday, April 8th. MSC Industrial Direct’s dividend payout ratio is presently 59.61%.

Analyst Upgrades and Downgrades

MSM has been the topic of a number of analyst reports. Stephens reiterated an “overweight” rating and set a $110.00 target price on shares of MSC Industrial Direct in a report on Monday, April 1st. StockNews.com cut MSC Industrial Direct from a “buy” rating to a “hold” rating in a report on Wednesday, April 10th. Finally, KeyCorp lowered their target price on MSC Industrial Direct from $105.00 to $102.00 and set an “overweight” rating on the stock in a report on Wednesday, January 10th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $107.00.

Insiders Place Their Bets

In other MSC Industrial Direct news, Director Mitchell Jacobson sold 137,716 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $97.66, for a total transaction of $13,449,344.56. Following the transaction, the director now owns 1,708,311 shares of the company’s stock, valued at approximately $166,833,652.26. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 18.80% of the company’s stock.

About MSC Industrial Direct

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.