Clearbridge Investments LLC held its position in MSC Industrial Direct Company, Inc. (NYSE:MSM) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,000 shares of the industrial products company’s stock at the end of the first quarter. Clearbridge Investments LLC’s holdings in MSC Industrial Direct were worth $719,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Morgan Dempsey Capital Management LLC raised its position in MSC Industrial Direct by 3.5% in the first quarter. Morgan Dempsey Capital Management LLC now owns 1,093 shares of the industrial products company’s stock worth $112,000 after buying an additional 37 shares during the last quarter. Simplex Trading LLC purchased a new position in MSC Industrial Direct during the first quarter worth $139,000. PNC Financial Services Group Inc. raised its position in MSC Industrial Direct by 5.9% in the first quarter. PNC Financial Services Group Inc. now owns 1,569 shares of the industrial products company’s stock worth $161,000 after buying an additional 88 shares during the last quarter. Invictus RG raised its position in MSC Industrial Direct by 796.7% in the first quarter. Invictus RG now owns 1,623 shares of the industrial products company’s stock worth $167,000 after buying an additional 1,442 shares during the last quarter. Finally, Parametrica Management Ltd purchased a new position in MSC Industrial Direct during the first quarter worth $205,000. Institutional investors and hedge funds own 76.91% of the company’s stock.
Shares of MSC Industrial Direct Company, Inc. (NYSE MSM) traded up 0.65% during trading on Friday, hitting $70.95. 667,765 shares of the company were exchanged. The firm’s 50-day moving average price is $79.96 and its 200 day moving average price is $91.87. The firm has a market capitalization of $4.04 billion, a PE ratio of 17.69 and a beta of 0.50. MSC Industrial Direct Company, Inc. has a 12 month low of $69.72 and a 12 month high of $105.70.
MSC Industrial Direct (NYSE:MSM) last released its quarterly earnings results on Wednesday, July 12th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.09. MSC Industrial Direct had a net margin of 8.07% and a return on equity of 20.05%. The firm had revenue of $743.90 million for the quarter, compared to analysts’ expectations of $744.49 million. During the same quarter last year, the company earned $1.05 EPS. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, equities research analysts expect that MSC Industrial Direct Company, Inc. will post $3.98 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Tuesday, July 18th were paid a dividend of $0.45 per share. The ex-dividend date was Friday, July 14th. This represents a $1.80 annualized dividend and a yield of 2.54%. MSC Industrial Direct’s dividend payout ratio (DPR) is presently 45.11%.
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A number of research firms have weighed in on MSM. J P Morgan Chase & Co lowered shares of MSC Industrial Direct from an “overweight” rating to a “neutral” rating and set a $76.00 price target for the company. in a research report on Friday. BMO Capital Markets dropped their price target on shares of MSC Industrial Direct from $98.00 to $87.00 and set a “market perform” rating for the company in a research report on Friday, July 14th. Zacks Investment Research lowered shares of MSC Industrial Direct from a “buy” rating to a “hold” rating in a research report on Friday, July 14th. Raymond James Financial, Inc. upgraded shares of MSC Industrial Direct from a “market perform” rating to a “buy” rating and set a $103.00 target price for the company in a research report on Wednesday, April 19th. Finally, Credit Suisse Group upgraded shares of MSC Industrial Direct from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $92.00 to $100.00 in a research report on Wednesday, April 19th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $90.85.
In other MSC Industrial Direct news, Director Philip Peller bought 1,000 shares of the stock in a transaction on Wednesday, July 19th. The shares were bought at an average price of $72.00 per share, with a total value of $72,000.00. Following the purchase, the director now directly owns 2,422 shares in the company, valued at approximately $174,384. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 31.28% of the company’s stock.
About MSC Industrial Direct
MSC Industrial Direct Co, Inc is a North American distributor of metalworking and maintenance, repair and operations (MRO) products and services. The Company’s range of MRO products include cutting tools, measuring instruments, tooling components, metalworking products, 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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