MSC Industrial Direct Co., Inc. (NYSE:MSM) Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund lifted its position in shares of MSC Industrial Direct Co., Inc. (NYSE:MSM) by 40.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 144,293 shares of the industrial products company’s stock after acquiring an additional 41,700 shares during the period. New York State Common Retirement Fund owned about 0.26% of MSC Industrial Direct worth $10,777,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Creative Planning raised its holdings in shares of MSC Industrial Direct by 28.8% during the third quarter. Creative Planning now owns 3,924 shares of the industrial products company’s stock worth $338,000 after purchasing an additional 878 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of MSC Industrial Direct by 10.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,268 shares of the industrial products company’s stock valued at $2,462,000 after buying an additional 2,726 shares during the last quarter. Frank Rimerman Advisors LLC raised its stake in MSC Industrial Direct by 2.4% during the third quarter. Frank Rimerman Advisors LLC now owns 6,925 shares of the industrial products company’s stock worth $596,000 after acquiring an additional 161 shares during the period. First Trust Direct Indexing L.P. bought a new position in MSC Industrial Direct in the third quarter worth about $205,000. Finally, US Bancorp DE boosted its stake in MSC Industrial Direct by 6.5% in the third quarter. US Bancorp DE now owns 2,833 shares of the industrial products company’s stock valued at $244,000 after acquiring an additional 173 shares during the period. 79.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MSM has been the topic of a number of research reports. Stephens cut MSC Industrial Direct from an “overweight” rating to an “equal weight” rating and set a $85.00 price target on the stock. in a research report on Wednesday, December 4th. Wolfe Research started coverage on MSC Industrial Direct in a research report on Thursday, January 16th. They issued an “outperform” rating and a $95.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $83.80.

MSC Industrial Direct Trading Down 1.9 %

Shares of MSM stock opened at $79.18 on Tuesday. MSC Industrial Direct Co., Inc. has a 1 year low of $72.79 and a 1 year high of $104.76. The firm has a market capitalization of $4.42 billion, a PE ratio of 18.90 and a beta of 0.91. The stock has a fifty day moving average of $80.05 and a two-hundred day moving average of $81.81. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 1.93.

MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings data on Wednesday, January 8th. The industrial products company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.13. The business had revenue of $928.50 million during the quarter, compared to the consensus estimate of $904.90 million. MSC Industrial Direct had a net margin of 6.21% and a return on equity of 17.80%. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.25 earnings per share. As a group, research analysts expect that MSC Industrial Direct Co., Inc. will post 3.57 EPS for the current year.

MSC Industrial Direct Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th were paid a dividend of $0.85 per share. The ex-dividend date was Wednesday, January 15th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.29%. MSC Industrial Direct’s dividend payout ratio is presently 81.15%.

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.