Bison Wealth LLC Purchases 182 Shares of MSC Industrial Direct Co., Inc. (NYSE:MSM)

Bison Wealth LLC raised its position in MSC Industrial Direct Co., Inc. (NYSE:MSM) by 7.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,685 shares of the industrial products company’s stock after buying an additional 182 shares during the quarter. Bison Wealth LLC’s holdings in MSC Industrial Direct were worth $272,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. raised its position in MSC Industrial Direct by 465.4% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 19,687 shares of the industrial products company’s stock valued at $1,678,000 after purchasing an additional 16,205 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of MSC Industrial Direct by 3.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 13,636 shares of the industrial products company’s stock worth $1,162,000 after buying an additional 447 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in MSC Industrial Direct by 115.7% in the first quarter. PNC Financial Services Group Inc. now owns 1,514 shares of the industrial products company’s stock valued at $128,000 after buying an additional 812 shares in the last quarter. Natixis Advisors L.P. grew its position in MSC Industrial Direct by 14.1% in the first quarter. Natixis Advisors L.P. now owns 24,042 shares of the industrial products company’s stock valued at $2,049,000 after acquiring an additional 2,974 shares during the last quarter. Finally, MetLife Investment Management LLC raised its stake in MSC Industrial Direct by 34.2% during the first quarter. MetLife Investment Management LLC now owns 30,438 shares of the industrial products company’s stock worth $2,594,000 after acquiring an additional 7,749 shares in the last quarter. 79.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at MSC Industrial Direct

In related news, Director Mitchell Jacobson sold 18,746 shares of MSC Industrial Direct stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $97.63, for a total value of $1,830,171.98. Following the transaction, the director now directly owns 1,846,027 shares of the company’s stock, valued at $180,227,616.01. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last quarter, insiders have sold 232,003 shares of company stock worth $22,679,413. Insiders own 18.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. KeyCorp reduced their price target on shares of MSC Industrial Direct from $105.00 to $102.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 10th. Stephens restated an “overweight” rating and issued a $110.00 target price on shares of MSC Industrial Direct in a research report on Monday, April 1st. Finally, StockNews.com downgraded shares of MSC Industrial Direct from a “buy” rating to a “hold” rating in a report on Wednesday, April 10th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, MSC Industrial Direct currently has an average rating of “Moderate Buy” and an average price target of $107.00.

MSC Industrial Direct Stock Down 0.3 %

Shares of NYSE MSM opened at $91.10 on Thursday. The company has a 50 day simple moving average of $97.48 and a 200 day simple moving average of $98.11. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.01 and a quick ratio of 0.92. MSC Industrial Direct Co., Inc. has a 1 year low of $88.14 and a 1 year high of $105.77. The firm has a market cap of $5.13 billion, a PE ratio of 16.36 and a beta of 0.95.

MSC Industrial Direct (NYSE:MSM) last announced its quarterly earnings results on Thursday, March 28th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.02. The firm had revenue of $935.30 million during the quarter, compared to analysts’ expectations of $946.55 million. MSC Industrial Direct had a net margin of 7.89% and a return on equity of 22.58%. The company’s revenue was down 2.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.45 EPS. On average, research analysts forecast that MSC Industrial Direct Co., Inc. will post 5.79 EPS for the current year.

MSC Industrial Direct Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 3.64%. The ex-dividend date of this dividend is Monday, April 8th. MSC Industrial Direct’s payout ratio is presently 59.61%.

MSC Industrial Direct Profile

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