MSC Industrial Direct Company, Inc. $MSM Shares Sold by TD Private Client Wealth LLC

TD Private Client Wealth LLC cut its stake in MSC Industrial Direct Company, Inc. (NYSE:MSM) by 77.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 6,920 shares of the industrial products company’s stock after selling 23,561 shares during the quarter. TD Private Client Wealth LLC’s holdings in MSC Industrial Direct were worth $638,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Signaturefd LLC lifted its position in shares of MSC Industrial Direct by 11.1% in the second quarter. Signaturefd LLC now owns 1,277 shares of the industrial products company’s stock valued at $109,000 after acquiring an additional 128 shares in the last quarter. Matrix Trust Co raised its stake in MSC Industrial Direct by 7.3% in the 2nd quarter. Matrix Trust Co now owns 2,252 shares of the industrial products company’s stock valued at $191,000 after purchasing an additional 153 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in MSC Industrial Direct by 0.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 56,514 shares of the industrial products company’s stock valued at $4,805,000 after purchasing an additional 162 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in MSC Industrial Direct by 1.6% in the 3rd quarter. Louisiana State Employees Retirement System now owns 12,700 shares of the industrial products company’s stock valued at $1,170,000 after purchasing an additional 200 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its stake in MSC Industrial Direct by 52.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 595 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 204 shares during the last quarter. 79.26% of the stock is currently owned by hedge funds and other institutional investors.

MSC Industrial Direct Trading Down 1.6%

MSM opened at $84.74 on Friday. The stock has a market capitalization of $4.73 billion, a PE ratio of 23.15 and a beta of 0.85. MSC Industrial Direct Company, Inc. has a one year low of $68.10 and a one year high of $94.31. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.82 and a current ratio of 1.73. The business’s 50 day moving average price is $85.84 and its 200 day moving average price is $87.68.

MSC Industrial Direct (NYSE:MSM) last posted its earnings results on Wednesday, January 7th. The industrial products company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04. MSC Industrial Direct had a return on equity of 15.73% and a net margin of 5.37%.The company had revenue of $965.68 million for the quarter, compared to the consensus estimate of $962.52 million. During the same quarter in the previous year, the business earned $0.86 earnings per share. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. As a group, equities research analysts expect that MSC Industrial Direct Company, Inc. will post 3.57 EPS for the current year.

MSC Industrial Direct Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 28th. Shareholders of record on Wednesday, January 14th will be given a $0.87 dividend. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $3.48 dividend on an annualized basis and a yield of 4.1%. MSC Industrial Direct’s dividend payout ratio is presently 95.08%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Wall Street Zen upgraded shares of MSC Industrial Direct from a “hold” rating to a “buy” rating in a research report on Saturday. JPMorgan Chase & Co. increased their price objective on shares of MSC Industrial Direct from $93.00 to $96.00 and gave the company an “overweight” rating in a report on Friday, October 24th. Weiss Ratings restated a “hold (c)” rating on shares of MSC Industrial Direct in a report on Friday, October 31st. Robert W. Baird set a $94.00 price target on MSC Industrial Direct in a report on Thursday, January 8th. Finally, Zacks Research lowered MSC Industrial Direct from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 3rd. One investment analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, MSC Industrial Direct presently has a consensus rating of “Hold” and a consensus target price of $89.67.

Insider Activity

In related news, Director Philip Peller bought 6,666 shares of the stock in a transaction on Thursday, November 13th. The stock was bought at an average price of $90.14 per share, with a total value of $600,873.24. Following the completion of the purchase, the director directly owned 9,537 shares in the company, valued at $859,665.18. This represents a 232.18% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mitchell Jacobson acquired 95,779 shares of the stock in a transaction that occurred on Thursday, October 30th. The shares were bought at an average cost of $84.92 per share, with a total value of $8,133,552.68. Following the transaction, the director directly owned 2,219,295 shares in the company, valued at $188,462,531.40. This trade represents a 4.51% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have acquired 211,342 shares of company stock valued at $17,951,965. 19.00% of the stock is currently owned by insiders.

MSC Industrial Direct Profile

MSC Industrial Direct Co, Inc (NYSE: MSM) is a leading distributor of metalworking and maintenance, repair and operations (MRO) products serving a broad range of industrial customers across North America. The company offers an extensive portfolio of cutting tools, abrasives, measuring and inspection instruments, fasteners, safety supplies and other essential components used in manufacturing, metalworking and production environments. MSC delivers products through a multi-channel distribution network, including an extensive branch system, e-commerce platform and dedicated sales force.

In addition to its core product offerings, MSC Industrial Direct provides value-added services designed to improve productivity and reduce downtime for its customers.