Prudential PLC Sells 15,955 Shares of MSC Industrial Direct Co., Inc. (NYSE:MSM)

Prudential PLC lowered its holdings in shares of MSC Industrial Direct Co., Inc. (NYSE:MSMFree Report) by 65.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,593 shares of the industrial products company’s stock after selling 15,955 shares during the period. Prudential PLC’s holdings in MSC Industrial Direct were worth $870,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of MSM. Contravisory Investment Management Inc. acquired a new stake in shares of MSC Industrial Direct during the 4th quarter valued at about $25,000. GAMMA Investing LLC bought a new stake in shares of MSC Industrial Direct in the 4th quarter valued at approximately $40,000. Salem Investment Counselors Inc. acquired a new position in shares of MSC Industrial Direct in the 4th quarter worth approximately $77,000. Principal Securities Inc. acquired a new position in shares of MSC Industrial Direct in the 4th quarter worth approximately $84,000. Finally, Headlands Technologies LLC bought a new position in shares of MSC Industrial Direct during the 3rd quarter worth approximately $93,000. Institutional investors own 79.26% of the company’s stock.

MSC Industrial Direct Trading Down 1.6 %

MSM opened at $83.99 on Tuesday. MSC Industrial Direct Co., Inc. has a 1-year low of $83.57 and a 1-year high of $105.77. The firm has a 50-day moving average price of $91.17 and a two-hundred day moving average price of $96.00. The stock has a market capitalization of $4.73 billion, a PE ratio of 15.08 and a beta of 0.89. The company has a current ratio of 2.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.21.

MSC Industrial Direct (NYSE:MSMGet Free Report) last posted its quarterly earnings data on Thursday, March 28th. The industrial products company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.02. The firm had revenue of $935.30 million during the quarter, compared to analysts’ expectations 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 revenue was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.45 EPS. As a group, equities analysts anticipate that MSC Industrial Direct Co., Inc. will post 5.69 earnings per share for the current fiscal year.

MSC Industrial Direct Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th were given a $0.83 dividend. The ex-dividend date was Monday, April 8th. This represents a $3.32 dividend on an annualized basis and a yield of 3.95%. MSC Industrial Direct’s payout ratio is 59.61%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Stephens reiterated an “overweight” rating and set a $110.00 price objective on shares of MSC Industrial Direct in a research note on Monday, April 1st. StockNews.com cut shares of MSC Industrial Direct from a “buy” rating to a “hold” rating in a research report on Saturday. Robert W. Baird lowered shares of MSC Industrial Direct from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $112.00 to $95.00 in a research report on Wednesday, May 29th. Finally, Baird R W lowered shares of MSC Industrial Direct from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 29th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $104.00.

View Our Latest Research Report on MSC Industrial Direct

MSC Industrial Direct Company 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.

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

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