Beverly Hills Private Wealth LLC Decreases Stake in MSC Industrial Direct Company, Inc. $MSM

Beverly Hills Private Wealth LLC reduced its holdings in MSC Industrial Direct Company, Inc. (NYSE:MSM) by 4.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,578 shares of the industrial products company’s stock after selling 177 shares during the period. Beverly Hills Private Wealth LLC’s holdings in MSC Industrial Direct were worth $304,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of MSM. Farther Finance Advisors LLC raised its stake in MSC Industrial Direct by 895.0% during the first quarter. Farther Finance Advisors LLC now owns 597 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 537 shares during the period. GAMMA Investing LLC raised its stake in MSC Industrial Direct by 47.1% during the first quarter. GAMMA Investing LLC now owns 681 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 218 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in MSC Industrial Direct during the first quarter worth about $897,000. Janney Montgomery Scott LLC raised its stake in MSC Industrial Direct by 6.0% during the first quarter. Janney Montgomery Scott LLC now owns 5,956 shares of the industrial products company’s stock worth $463,000 after purchasing an additional 337 shares during the period. Finally, Cambridge Investment Research Advisors Inc. raised its stake in MSC Industrial Direct by 4.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 9,078 shares of the industrial products company’s stock worth $705,000 after purchasing an additional 388 shares during the period. 79.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Zacks Research downgraded shares of MSC Industrial Direct from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 5th. Loop Capital lifted their target price on shares of MSC Industrial Direct from $74.00 to $84.00 and gave the stock a “hold” rating in a research note on Wednesday, July 2nd. JPMorgan Chase & Co. boosted their price target on shares of MSC Industrial Direct from $89.00 to $93.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Robert W. Baird upped their price objective on shares of MSC Industrial Direct from $84.00 to $95.00 and gave the stock a “neutral” rating in a report on Wednesday, July 2nd. Finally, Wolfe Research lowered shares of MSC Industrial Direct from an “outperform” rating to a “peer perform” rating in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, MSC Industrial Direct currently has an average rating of “Hold” and a consensus price target of $91.00.

MSC Industrial Direct Price Performance

Shares of MSM opened at $86.92 on Tuesday. MSC Industrial Direct Company, Inc. has a fifty-two week low of $68.10 and a fifty-two week high of $94.31. The firm’s 50 day moving average price is $89.80 and its 200 day moving average price is $84.64. The company has a market cap of $4.84 billion, a P/E ratio of 24.55 and a beta of 0.95. The company has a quick ratio of 0.91, a current ratio of 1.92 and a debt-to-equity ratio of 0.21.

MSC Industrial Direct Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th will be paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Wednesday, November 12th. This is an increase from MSC Industrial Direct’s previous quarterly dividend of $0.85. MSC Industrial Direct’s payout ratio is currently 96.05%.

MSC Industrial Direct Company 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.