MSC Industrial Direct Company, Inc. (MSM) Stake Decreased by Aperio Group LLC

Aperio Group LLC lowered its position in MSC Industrial Direct Company, Inc. (NYSE:MSM) by 24.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,119 shares of the industrial products company’s stock after selling 9,022 shares during the quarter. Aperio Group LLC’s holdings in MSC Industrial Direct were worth $2,125,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in MSM. PNC Financial Services Group Inc. increased its stake in MSC Industrial Direct by 0.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,577 shares of the industrial products company’s stock worth $136,000 after buying an additional 8 shares during the period. QS Investors LLC increased its stake in MSC Industrial Direct by 0.5% in the 2nd quarter. QS Investors LLC now owns 1,749 shares of the industrial products company’s stock worth $150,000 after buying an additional 8 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in MSC Industrial Direct by 0.3% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 6,882 shares of the industrial products company’s stock worth $592,000 after buying an additional 22 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in MSC Industrial Direct by 0.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,580 shares of the industrial products company’s stock worth $566,000 after buying an additional 29 shares during the period. Finally, Teacher Retirement System of Texas increased its stake in MSC Industrial Direct by 2.2% in the 2nd quarter. Teacher Retirement System of Texas now owns 3,608 shares of the industrial products company’s stock worth $310,000 after buying an additional 77 shares during the period. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Shares of MSC Industrial Direct Company, Inc. (NYSE:MSM) opened at $79.23 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.97 and a current ratio of 1.80. MSC Industrial Direct Company, Inc. has a one year low of $65.42 and a one year high of $105.70. The firm has a market cap of $4,533.84, a P/E ratio of 19.90, a P/E/G ratio of 1.57 and a beta of 0.64.

MSC Industrial Direct (NYSE:MSM) last announced its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.08. The firm had revenue of $753.80 million during the quarter, compared to the consensus estimate of $745.80 million. MSC Industrial Direct had a return on equity of 19.42% and a net margin of 8.01%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.02 earnings per share. analysts predict that MSC Industrial Direct Company, Inc. will post 4.46 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 28th. Stockholders of record on Tuesday, November 14th will be issued a $0.48 dividend. This is an increase from MSC Industrial Direct’s previous quarterly dividend of $0.45. This represents a $1.92 annualized dividend and a dividend yield of 2.42%. The ex-dividend date is Monday, November 13th. MSC Industrial Direct’s dividend payout ratio is presently 44.55%.

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In other news, Director Mitchell Jacobson sold 33,866 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $82.39, for a total value of $2,790,219.74. Following the completion of the sale, the director now directly owns 35,932 shares of the company’s stock, valued at $2,960,437.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 31.28% of the stock is currently owned by corporate insiders.

Several research analysts recently commented on the stock. TheStreet downgraded shares of MSC Industrial Direct from a “b” rating to a “c+” rating in a research note on Wednesday, August 16th. BidaskClub cut shares of MSC Industrial Direct from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Northcoast Research initiated coverage on shares of MSC Industrial Direct in a report on Tuesday, July 25th. They set a “neutral” rating on the stock. Zacks Investment Research cut shares of MSC Industrial Direct from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Finally, KeyCorp reiterated a “hold” rating on shares of MSC Industrial Direct in a report on Sunday, September 17th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $89.29.

MSC Industrial Direct Profile

MSC Industrial Direct Co, Inc is a North American distributor of metalworking and maintenance, repair and operations (MRO) products and services. The Company’s range of MRO products include cutting tools, measuring instruments, tooling components, metalworking products, 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.

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

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