Stifel Financial Corp Acquires 966 Shares of MSC Industrial Direct Co., Inc. (NYSE:MSM)

Stifel Financial Corp increased its holdings in shares of MSC Industrial Direct Co., Inc. (NYSE:MSM) by 8.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,062 shares of the industrial products company’s stock after buying an additional 966 shares during the quarter. Stifel Financial Corp’s holdings in MSC Industrial Direct were worth $1,102,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Great West Life Assurance Co. Can lifted its position in shares of MSC Industrial Direct by 0.5% during the 3rd quarter. Great West Life Assurance Co. Can now owns 23,908 shares of the industrial products company’s stock worth $1,512,000 after buying an additional 129 shares during the last quarter. Van ECK Associates Corp raised its position in MSC Industrial Direct by 17.5% in the fourth quarter. Van ECK Associates Corp now owns 960 shares of the industrial products company’s stock valued at $81,000 after purchasing an additional 143 shares during the last quarter. US Bancorp DE raised its position in MSC Industrial Direct by 1.2% in the fourth quarter. US Bancorp DE now owns 17,340 shares of the industrial products company’s stock valued at $1,463,000 after purchasing an additional 204 shares during the last quarter. Exchange Traded Concepts LLC raised its position in MSC Industrial Direct by 4.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 5,218 shares of the industrial products company’s stock valued at $440,000 after purchasing an additional 234 shares during the last quarter. Finally, Lincoln National Corp raised its position in MSC Industrial Direct by 3.4% in the fourth quarter. Lincoln National Corp now owns 8,927 shares of the industrial products company’s stock valued at $753,000 after purchasing an additional 296 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Shares of MSM stock opened at $86.65 on Thursday. The stock has a market cap of $4.84 billion, a price-to-earnings ratio of 21.50 and a beta of 0.99. The stock has a 50-day moving average of $88.03 and a 200-day moving average of $80.50. The company has a current ratio of 2.23, a quick ratio of 1.22 and a debt-to-equity ratio of 0.41. MSC Industrial Direct Co., Inc. has a 1-year low of $56.16 and a 1-year high of $93.92.

MSC Industrial Direct (NYSE:MSM) last released its earnings results on Wednesday, April 7th. The industrial products company reported $1.03 EPS for the quarter, topping the consensus estimate of $1.01 by $0.02. MSC Industrial Direct had a return on equity of 20.42% and a net margin of 7.14%. The business had revenue of $774.00 million during the quarter, compared to analysts’ expectations of $778.77 million. During the same quarter last year, the firm posted $1.00 earnings per share. The firm’s revenue was down 1.5% on a year-over-year basis. Sell-side analysts forecast that MSC Industrial Direct Co., Inc. will post 4.65 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 27th. Investors of record on Tuesday, April 13th will be paid a dividend of $0.75 per share. The ex-dividend date is Monday, April 12th. This represents a $3.00 annualized dividend and a yield of 3.46%. MSC Industrial Direct’s dividend payout ratio is currently 63.29%.

In related news, SVP Kari D. Heerdt sold 28,934 shares of the firm’s stock in a transaction that occurred on Thursday, March 11th. The stock was sold at an average price of $90.00, for a total transaction of $2,604,060.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mitchell Jacobson bought 67,796 shares of the firm’s stock in a transaction that occurred on Friday, January 29th. The shares were acquired at an average cost of $78.04 per share, with a total value of $5,290,799.84. Following the purchase, the director now directly owns 67,796 shares of the company’s stock, valued at $5,290,799.84. The disclosure for this purchase can be found here. Insiders have sold 81,339 shares of company stock valued at $7,019,914 in the last ninety days. 28.44% of the stock is currently owned by insiders.

MSM has been the subject of several research reports. Zacks Investment Research downgraded MSC Industrial Direct from a “hold” rating to a “sell” rating in a research report on Wednesday. William Blair upgraded MSC Industrial Direct from a “market perform” rating to an “outperform” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft dropped their target price on MSC Industrial Direct from $90.00 to $89.00 and set a “hold” rating for the company in a research report on Monday. Finally, Wells Fargo & Company increased their target price on MSC Industrial Direct from $80.00 to $90.00 and gave the company an “equal weight” rating in a research report on Thursday, January 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $82.86.

About MSC Industrial Direct

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. Its MRO products include 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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