Epoch Investment Partners Inc. Decreases Stock Holdings in MSC Industrial Direct Co., Inc. (NYSE:MSM)

Epoch Investment Partners Inc. reduced its stake in shares of MSC Industrial Direct Co., Inc. (NYSE:MSM) by 11.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 977,352 shares of the industrial products company’s stock after selling 123,398 shares during the quarter. Epoch Investment Partners Inc. owned approximately 1.76% of MSC Industrial Direct worth $87,698,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. FMR LLC grew its holdings in MSC Industrial Direct by 174.6% during the second quarter. FMR LLC now owns 1,101,002 shares of the industrial products company’s stock worth $98,793,000 after acquiring an additional 700,109 shares during the period. Nitorum Capital L.P. acquired a new stake in MSC Industrial Direct in the first quarter valued at approximately $32,883,000. Clearbridge Investments LLC grew its holdings in MSC Industrial Direct by 125.0% in the first quarter. Clearbridge Investments LLC now owns 504,988 shares of the industrial products company’s stock valued at $45,545,000 after purchasing an additional 280,540 shares during the period. SG Americas Securities LLC lifted its position in shares of MSC Industrial Direct by 1,135.6% in the first quarter. SG Americas Securities LLC now owns 258,540 shares of the industrial products company’s stock valued at $23,318,000 after acquiring an additional 237,616 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of MSC Industrial Direct by 9.1% in the second quarter. American Century Companies Inc. now owns 2,684,662 shares of the industrial products company’s stock valued at $240,895,000 after acquiring an additional 222,996 shares in the last quarter. Institutional investors own 75.18% of the company’s stock.

A number of brokerages recently commented on MSM. Zacks Investment Research downgraded MSC Industrial Direct from a “buy” rating to a “hold” rating in a research report on Tuesday, September 28th. KeyCorp cut their target price on MSC Industrial Direct from $102.00 to $91.00 and set an “overweight” rating for the company in a research note on Monday, September 27th. Deutsche Bank Aktiengesellschaft raised their target price on MSC Industrial Direct from $96.00 to $98.00 and gave the stock a “hold” rating in a research note on Thursday, July 15th. Loop Capital began coverage on MSC Industrial Direct in a research note on Tuesday, August 3rd. They set a “hold” rating and a $92.00 target price for the company. Finally, TheStreet raised MSC Industrial Direct from a “c+” rating to a “b+” rating in a research note on Wednesday, July 7th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, MSC Industrial Direct has an average rating of “Buy” and a consensus target price of $98.50.

Shares of NYSE MSM traded up $0.93 during trading on Thursday, reaching $83.94. The stock had a trading volume of 182 shares, compared to its average volume of 376,486. MSC Industrial Direct Co., Inc. has a fifty-two week low of $64.78 and a fifty-two week high of $96.23. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.92 and a current ratio of 1.70. The business’s 50-day moving average price is $82.80 and its 200-day moving average price is $87.91. The company has a market cap of $4.67 billion, a P/E ratio of 22.87 and a beta of 1.09.

About MSC Industrial Direct

MSC Industrial Direct Co, Inc engages in the distribution of metalworking, and maintenance, repair, and operations products and services to manufacturing companies. Its products include cutting tools, measuring instruments, tooling components, metalworking, 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.

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

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