MSC Industrial Direct Company, Inc. $MSM Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. lessened its stake in MSC Industrial Direct Company, Inc. (NYSE:MSM) by 21.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,084 shares of the industrial products company’s stock after selling 851 shares during the period. Atria Wealth Solutions Inc.’s holdings in MSC Industrial Direct were worth $262,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MSM. Clearstead Trust LLC acquired a new position in MSC Industrial Direct during the 1st quarter worth approximately $25,000. Investment Management Corp VA ADV increased its position in MSC Industrial Direct by 207.8% during the 1st quarter. Investment Management Corp VA ADV now owns 397 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 268 shares during the period. Neo Ivy Capital Management acquired a new position in MSC Industrial Direct during the 1st quarter worth approximately $32,000. Farther Finance Advisors LLC increased its position 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 purchasing an additional 537 shares during the period. Finally, GAMMA Investing LLC increased its position 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 purchasing an additional 218 shares during the period. Institutional investors and hedge funds own 79.26% of the company’s stock.

Analyst Ratings Changes

MSM has been the topic of several recent analyst reports. Zacks Research cut MSC Industrial Direct from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 5th. Stephens boosted their target price on MSC Industrial Direct from $85.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 2nd. JPMorgan Chase & Co. boosted their target price on MSC Industrial Direct from $89.00 to $93.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Robert W. Baird boosted their target price on MSC Industrial Direct from $84.00 to $95.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 2nd. Finally, Loop Capital boosted their price target on MSC Industrial Direct from $74.00 to $84.00 and gave the stock a “hold” rating in a research note on Wednesday, July 2nd. One equities research analyst has rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $91.00.

MSC Industrial Direct Trading Up 1.3%

Shares of MSC Industrial Direct stock opened at $88.10 on Wednesday. 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 has a market cap of $4.91 billion, a PE ratio of 24.89 and a beta of 0.95. The business’s fifty day moving average is $89.84 and its two-hundred day moving average is $84.66. 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 company 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 dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Wednesday, November 12th. This is a positive change from MSC Industrial Direct’s previous quarterly dividend of $0.85. MSC Industrial Direct’s payout ratio 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.