BNP Paribas Financial Markets Has $2.10 Million Stock Position in MSC Industrial Direct Co., Inc. (NYSE:MSM)

BNP Paribas Financial Markets boosted its holdings in shares of MSC Industrial Direct Co., Inc. (NYSE:MSM) by 2.5% in the fourth quarter, HoldingsChannel reports. The fund owned 20,762 shares of the industrial products company’s stock after buying an additional 506 shares during the quarter. BNP Paribas Financial Markets’ holdings in MSC Industrial Direct were worth $2,102,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of MSC Industrial Direct by 4.3% during the third quarter. Vanguard Group Inc. now owns 4,817,016 shares of the industrial products company’s stock worth $472,790,000 after purchasing an additional 197,193 shares during the period. Invesco Ltd. raised its holdings in shares of MSC Industrial Direct by 39.9% during the third quarter. Invesco Ltd. now owns 462,756 shares of the industrial products company’s stock worth $45,420,000 after acquiring an additional 131,943 shares in the last quarter. AQR Capital Management LLC boosted its position in MSC Industrial Direct by 19.6% during the third quarter. AQR Capital Management LLC now owns 769,908 shares of the industrial products company’s stock valued at $75,566,000 after purchasing an additional 125,944 shares during the last quarter. Pacer Advisors Inc. grew its stake in MSC Industrial Direct by 23.0% in the fourth quarter. Pacer Advisors Inc. now owns 605,437 shares of the industrial products company’s stock valued at $61,307,000 after purchasing an additional 113,068 shares in the last quarter. Finally, WealthPlan Investment Management LLC increased its position in MSC Industrial Direct by 332.0% in the 3rd quarter. WealthPlan Investment Management LLC now owns 124,768 shares of the industrial products company’s stock worth $12,246,000 after purchasing an additional 95,887 shares during the last quarter. Hedge funds and other institutional investors own 79.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. StockNews.com raised MSC Industrial Direct from a “hold” rating to a “buy” rating in a research note on Friday, May 10th. Stephens restated an “overweight” rating and set a $110.00 price target on shares of MSC Industrial Direct in a research note on Monday, April 1st. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, MSC Industrial Direct presently has an average rating of “Moderate Buy” and a consensus price target of $107.00.

MSC Industrial Direct Stock Down 0.3 %

Shares of MSC Industrial Direct stock opened at $88.34 on Friday. MSC Industrial Direct Co., Inc. has a 12-month low of $87.85 and a 12-month high of $105.77. The stock has a market capitalization of $4.97 billion, a P/E ratio of 15.86 and a beta of 0.96. The company has a quick ratio of 0.92, a current ratio of 2.01 and a debt-to-equity ratio of 0.21. The stock has a 50 day moving average price of $93.61 and a two-hundred day moving average price of $96.90.

MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings data on Thursday, March 28th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.02. The business had revenue of $935.30 million during the quarter, compared to the consensus estimate of $946.55 million. MSC Industrial Direct had a net margin of 7.89% and a return on equity of 22.58%. MSC Industrial Direct’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.45 EPS. Equities analysts expect that MSC Industrial Direct Co., Inc. will post 5.69 earnings per share for the current year.

MSC Industrial Direct Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th were given a dividend of $0.83 per share. The ex-dividend date of this dividend was Monday, April 8th. This represents a $3.32 annualized dividend and a dividend yield of 3.76%. MSC Industrial Direct’s dividend payout ratio is presently 59.61%.

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.