WealthPLAN Partners LLC Reduces Holdings in MSC Industrial Direct Company, Inc. $MSM

WealthPLAN Partners LLC trimmed its stake in MSC Industrial Direct Company, Inc. (NYSE:MSM) by 11.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,088 shares of the industrial products company’s stock after selling 4,817 shares during the period. WealthPLAN Partners LLC owned approximately 0.07% of MSC Industrial Direct worth $3,119,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Swiss National Bank grew its position in shares of MSC Industrial Direct by 1.9% in the 4th quarter. Swiss National Bank now owns 87,900 shares of the industrial products company’s stock valued at $7,392,000 after buying an additional 1,600 shares during the last quarter. Nuveen LLC grew its position in shares of MSC Industrial Direct by 3.5% in the 4th quarter. Nuveen LLC now owns 81,845 shares of the industrial products company’s stock valued at $6,883,000 after buying an additional 2,762 shares during the last quarter. Picton Mahoney Asset Management purchased a new position in shares of MSC Industrial Direct in the 4th quarter valued at $1,219,000. Empowered Funds LLC grew its position in shares of MSC Industrial Direct by 224.7% in the 4th quarter. Empowered Funds LLC now owns 10,011 shares of the industrial products company’s stock valued at $842,000 after buying an additional 6,928 shares during the last quarter. Finally, Inceptionr LLC purchased a new position in shares of MSC Industrial Direct in the 4th quarter valued at $319,000. 79.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MSM has been the topic of several research reports. KeyCorp raised their price objective on shares of MSC Industrial Direct from $117.00 to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of MSC Industrial Direct in a research report on Monday, April 27th. One research analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $94.71.

MSC Industrial Direct Trading Up 0.5%

Shares of MSC Industrial Direct stock opened at $115.70 on Friday. MSC Industrial Direct Company, Inc. has a 1 year low of $78.80 and a 1 year high of $119.13. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.78 and a current ratio of 1.73. The company has a market capitalization of $6.46 billion, a P/E ratio of 31.10 and a beta of 0.84. The company’s fifty day moving average is $103.50 and its two-hundred day moving average is $93.69.

MSC Industrial Direct (NYSE:MSM) last issued its quarterly earnings data on Wednesday, April 1st. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.02). MSC Industrial Direct had a return on equity of 16.06% and a net margin of 5.42%.The business had revenue of $917.77 million for the quarter, compared to analysts’ expectations of $931.69 million. During the same period in the previous year, the business posted $0.72 earnings per share. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. Analysts forecast that MSC Industrial Direct Company, Inc. will post 4.33 earnings per share for the current year.

MSC Industrial Direct Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 8th were paid a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Wednesday, April 8th. MSC Industrial Direct’s dividend payout ratio (DPR) is 93.55%.

MSC Industrial Direct Company 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.