MSC Industrial Direct Company, Inc. $MSM Shares Sold by TrueMark Investments LLC

TrueMark Investments LLC decreased its position in shares of MSC Industrial Direct Company, Inc. (NYSE:MSM) by 10.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,271 shares of the industrial products company’s stock after selling 7,255 shares during the period. MSC Industrial Direct comprises 1.1% of TrueMark Investments LLC’s investment portfolio, making the stock its 26th biggest position. TrueMark Investments LLC owned approximately 0.11% of MSC Industrial Direct worth $5,039,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in MSC Industrial Direct by 47.1% during the 1st quarter. GAMMA Investing LLC now owns 681 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 218 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in MSC Industrial Direct by 6.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 5,956 shares of the industrial products company’s stock worth $463,000 after acquiring an additional 337 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in MSC Industrial Direct by 4.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 9,078 shares of the industrial products company’s stock worth $705,000 after acquiring an additional 388 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in MSC Industrial Direct during the 1st quarter worth about $897,000. Finally, Farther Finance Advisors LLC lifted its stake in MSC Industrial Direct by 895.0% during the 1st quarter. Farther Finance Advisors LLC now owns 597 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 537 shares in the last quarter. Institutional investors and hedge funds own 79.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on MSM shares. Wolfe Research lowered MSC Industrial Direct from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, October 8th. Loop Capital increased their price target on MSC Industrial Direct from $74.00 to $84.00 and gave the company a “hold” rating in a research report on Wednesday, July 2nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of MSC Industrial Direct in a research report on Wednesday, October 8th. Stephens increased their price target on MSC Industrial Direct from $85.00 to $90.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 2nd. Finally, JPMorgan Chase & Co. increased their price target on MSC Industrial Direct from $89.00 to $93.00 and gave the company an “overweight” rating in a research report on Wednesday. One research analyst has rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $91.00.

MSC Industrial Direct Trading Up 0.5%

MSM opened at $85.85 on Friday. MSC Industrial Direct Company, Inc. has a one year low of $68.10 and a one year high of $94.31. The company has a market cap of $4.78 billion, a P/E ratio of 24.25 and a beta of 0.95. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 1.92. The business’s 50-day simple moving average is $89.76 and its 200-day simple moving average is $84.46.

MSC Industrial Direct Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th will be issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Wednesday, November 12th. This is an increase from MSC Industrial Direct’s previous quarterly dividend of $0.85. MSC Industrial Direct’s dividend payout ratio (DPR) is currently 98.31%.

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.