MSC Industrial Direct Co., Inc. (NYSE:MSM) Shares Bought by Pathstone Family Office LLC

Pathstone Family Office LLC raised its position in MSC Industrial Direct Co., Inc. (NYSE:MSMFree Report) by 47.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,948 shares of the industrial products company’s stock after buying an additional 4,511 shares during the period. Pathstone Family Office LLC’s holdings in MSC Industrial Direct were worth $1,369,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MSM. Institutional & Family Asset Management LLC acquired a new position in shares of MSC Industrial Direct during the 2nd quarter worth approximately $32,000. Alaska Permanent Fund Corp acquired a new position in shares of MSC Industrial Direct during the 2nd quarter worth approximately $41,000. Quent Capital LLC boosted its holdings in shares of MSC Industrial Direct by 168.8% during the 3rd quarter. Quent Capital LLC now owns 516 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 324 shares during the last quarter. Altshuler Shaham Ltd boosted its holdings in shares of MSC Industrial Direct by 154.8% during the 4th quarter. Altshuler Shaham Ltd now owns 800 shares of the industrial products company’s stock worth $65,000 after purchasing an additional 486 shares during the last quarter. Finally, Huntington National Bank boosted its holdings in shares of MSC Industrial Direct by 57.2% during the 2nd quarter. Huntington National Bank now owns 1,132 shares of the industrial products company’s stock worth $108,000 after purchasing an additional 412 shares during the last quarter. 89.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at MSC Industrial Direct

In other MSC Industrial Direct news, CFO Kristen Actis-Grande sold 2,886 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $98.74, for a total value of $284,963.64. Following the sale, the chief financial officer now owns 7,312 shares of the company’s stock, valued at $721,986.88. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other MSC Industrial Direct news, CFO Kristen Actis-Grande sold 2,886 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $98.74, for a total value of $284,963.64. Following the sale, the chief financial officer now owns 7,312 shares of the company’s stock, valued at $721,986.88. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mitchell Jacobson sold 24,501 shares of the company’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $99.31, for a total value of $2,433,194.31. Following the sale, the director now directly owns 1,683,810 shares in the company, valued at approximately $167,219,171.10. The disclosure for this sale can be found here. Insiders have sold a total of 260,079 shares of company stock valued at $25,391,780 over the last quarter. 18.80% of the stock is owned by company insiders.

MSC Industrial Direct Trading Up 0.8 %

MSM opened at $99.31 on Tuesday. MSC Industrial Direct Co., Inc. has a one year low of $77.99 and a one year high of $105.77. The stock has a market capitalization of $5.60 billion, a PE ratio of 16.89 and a beta of 0.96. The business’s 50 day moving average price is $98.60 and its 200 day moving average price is $98.66. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.89 and a current ratio of 2.02.

MSC Industrial Direct (NYSE:MSMGet Free Report) last released its quarterly earnings data on Tuesday, January 9th. The industrial products company reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.05). MSC Industrial Direct had a net margin of 8.27% and a return on equity of 23.46%. The business had revenue of $954.00 million during the quarter, compared to analyst estimates of $971.31 million. During the same quarter in the prior year, the company posted $1.48 earnings per share. The company’s revenue was down .4% on a year-over-year basis. As a group, equities research analysts expect that MSC Industrial Direct Co., Inc. will post 5.91 EPS for the current year.

MSC Industrial Direct Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 23rd. Shareholders of record on Tuesday, January 9th were given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend was Monday, January 8th. MSC Industrial Direct’s payout ratio is 56.46%.

Wall Street Analyst Weigh In

Separately, KeyCorp lowered their target price on MSC Industrial Direct from $105.00 to $102.00 and set an “overweight” rating on the stock in a report on Wednesday, January 10th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, MSC Industrial Direct currently has a consensus rating of “Moderate Buy” and a consensus price target of $105.00.

Get Our Latest Analysis on MSC Industrial Direct

MSC Industrial Direct Profile

(Free Report)

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.

See Also

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

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