Integrated Advisors Network LLC Has $1.84 Million Position in MSC Industrial Direct Co., Inc. (NYSE:MSM)

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Integrated Advisors Network LLC lessened its position in MSC Industrial Direct Co., Inc. (NYSE:MSM) by 0.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,086 shares of the industrial products company’s stock after selling 239 shares during the period. Integrated Advisors Network LLC owned 0.05% of MSC Industrial Direct worth $1,841,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. New South Capital Management Inc. increased its holdings in MSC Industrial Direct by 0.8% in the 2nd quarter. New South Capital Management Inc. now owns 1,491,611 shares of the industrial products company’s stock worth $108,604,000 after purchasing an additional 11,704 shares in the last quarter. Yacktman Asset Management LP increased its stake in shares of MSC Industrial Direct by 5.7% in the third quarter. Yacktman Asset Management LP now owns 1,309,432 shares of the industrial products company’s stock valued at $82,861,000 after buying an additional 70,188 shares during the period. First Trust Advisors LP increased its stake in shares of MSC Industrial Direct by 24.7% in the third quarter. First Trust Advisors LP now owns 1,003,132 shares of the industrial products company’s stock valued at $63,478,000 after buying an additional 198,412 shares during the period. Paradice Investment Management LLC increased its stake in shares of MSC Industrial Direct by 9.1% in the second quarter. Paradice Investment Management LLC now owns 924,238 shares of the industrial products company’s stock valued at $67,294,000 after buying an additional 77,051 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of MSC Industrial Direct by 8.1% in the second quarter. Bank of New York Mellon Corp now owns 913,712 shares of the industrial products company’s stock valued at $66,529,000 after buying an additional 68,284 shares during the period. 70.41% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently weighed in on MSM. Raymond James raised MSC Industrial Direct from an “underperform” rating to a “market perform” rating in a research note on Wednesday, October 28th. They noted that the move was a valuation call. ValuEngine raised MSC Industrial Direct from a “sell” rating to a “hold” rating in a research note on Tuesday, November 3rd. Stephens began coverage on MSC Industrial Direct in a research note on Thursday, October 15th. They issued an “equal weight” rating and a $70.00 price target for the company. Wells Fargo & Company increased their price target on MSC Industrial Direct from $60.00 to $65.00 and gave the company an “underweight” rating in a research note on Wednesday, October 28th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on MSC Industrial Direct from $72.00 to $75.00 and gave the company a “hold” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $73.13.

NYSE MSM traded down $2.49 during trading hours on Tuesday, hitting $82.75. 2,103 shares of the company’s stock were exchanged, compared to its average volume of 580,520. The stock has a 50-day simple moving average of $69.19 and a 200 day simple moving average of $67.41. MSC Industrial Direct Co., Inc. has a 1-year low of $44.93 and a 1-year high of $86.75. The firm has a market cap of $4.74 billion, a price-to-earnings ratio of 18.86 and a beta of 0.88. The company has a current ratio of 3.03, a quick ratio of 1.70 and a debt-to-equity ratio of 0.38.

MSC Industrial Direct (NYSE:MSM) last announced its quarterly earnings results on Tuesday, October 27th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.15. The business had revenue of $747.70 million for the quarter, compared to analyst estimates of $747.80 million. MSC Industrial Direct had a return on equity of 19.38% and a net margin of 7.87%. The company’s quarterly revenue was down 11.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.30 earnings per share. On average, sell-side analysts anticipate that MSC Industrial Direct Co., Inc. will post 4.59 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 24th. Shareholders of record on Tuesday, November 10th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Monday, November 9th. This represents a $3.00 annualized dividend and a yield of 3.63%. MSC Industrial Direct’s payout ratio is currently 63.29%.

MSC Industrial Direct Profile

MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes metalworking and maintenance, repair, and operations (MRO) products in the United States, Canada, Mexico, and the United Kingdom. The company's MRO products comprise 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.

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

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