Clearbridge Investments LLC Has $719,000 Position in MSC Industrial Direct Company, Inc. (NYSE:MSM)

Clearbridge Investments LLC held its stake 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 firm 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 Company were worth $719,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of MSM. Morgan Dempsey Capital Management LLC increased its stake in MSC Industrial Direct Company 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 in the last quarter. Simplex Trading LLC acquired a new stake in MSC Industrial Direct Company during the first quarter worth $139,000. PNC Financial Services Group Inc. increased its stake in MSC Industrial Direct Company 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 in the last quarter. Invictus RG increased its stake in MSC Industrial Direct Company 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 in the last quarter. Finally, Parametrica Management Ltd acquired a new stake in MSC Industrial Direct Company during the first quarter worth $205,000. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Shares of MSC Industrial Direct Company, Inc. (NYSE MSM) opened at 87.04 on Wednesday. MSC Industrial Direct Company, Inc. has a 52 week low of $69.96 and a 52 week high of $105.70. The stock has a 50 day moving average of $84.90 and a 200 day moving average of $94.50. The firm has a market cap of $4.96 billion, a P/E ratio of 21.91 and a beta of 0.54.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 1st. Stockholders of record on Tuesday, July 18th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Friday, July 14th. MSC Industrial Direct Company’s dividend payout ratio (DPR) is currently 45.57%.

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A number of equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of MSC Industrial Direct Company from a “hold” rating to a “buy” rating and set a $99.00 price target on the stock in a research note on Saturday. BidaskClub upgraded shares of MSC Industrial Direct Company from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 5th. Stifel Nicolaus reiterated a “hold” rating and set a $88.00 price target (down previously from $92.00) on shares of MSC Industrial Direct Company in a research note on Monday, June 12th. Barclays PLC reiterated a “sell” rating and set a $85.00 price target on shares of MSC Industrial Direct Company in a research note on Friday, April 7th. Finally, J P Morgan Chase & Co assumed coverage on shares of MSC Industrial Direct Company in a research note on Friday, June 2nd. They set an “overweight” rating and a $91.00 price target on the stock. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $94.92.

About MSC Industrial Direct Company

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.

Institutional Ownership by Quarter for MSC Industrial Direct Company (NYSE:MSM)

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