Measured Wealth Private Client Group LLC Grows Holdings in MSC Industrial Direct Co., Inc. (NYSE:MSM)

Measured Wealth Private Client Group LLC raised its position in MSC Industrial Direct Co., Inc. (NYSE:MSM) by 6.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,983 shares of the industrial products company’s stock after purchasing an additional 319 shares during the period. Measured Wealth Private Client Group LLC’s holdings in MSC Industrial Direct were worth $505,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MSM. Vanguard Group Inc. lifted its holdings in MSC Industrial Direct by 4.3% in the 3rd quarter. Vanguard Group Inc. now owns 4,817,016 shares of the industrial products company’s stock valued at $472,790,000 after purchasing an additional 197,193 shares in the last quarter. Invesco Ltd. lifted its holdings in MSC Industrial Direct by 39.9% in the 3rd quarter. Invesco Ltd. now owns 462,756 shares of the industrial products company’s stock valued at $45,420,000 after purchasing an additional 131,943 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of MSC Industrial Direct by 19.6% during the 3rd quarter. AQR Capital Management LLC now owns 769,908 shares of the industrial products company’s stock worth $75,566,000 after acquiring an additional 125,944 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of MSC Industrial Direct by 23.0% during the 4th quarter. Pacer Advisors Inc. now owns 605,437 shares of the industrial products company’s stock worth $61,307,000 after acquiring an additional 113,068 shares during the period. Finally, WealthPlan Investment Management LLC lifted its holdings in shares of MSC Industrial Direct by 332.0% during the 3rd quarter. WealthPlan Investment Management LLC now owns 124,768 shares of the industrial products company’s stock worth $12,246,000 after acquiring an additional 95,887 shares during the period. 79.26% of the stock is currently owned by hedge funds and other institutional investors.

MSC Industrial Direct Trading Up 0.5 %

MSM traded up $0.50 on Friday, reaching $91.62. 289,477 shares of the company’s stock were exchanged, compared to its average volume of 423,474. The company’s 50 day moving average is $95.83 and its 200-day moving average is $97.41. The company has a market cap of $5.16 billion, a price-to-earnings ratio of 16.45 and a beta of 0.96. MSC Industrial Direct Co., Inc. has a twelve month low of $88.77 and a twelve month high of $105.77. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.92 and a current ratio of 2.01.

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

MSC Industrial Direct Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th were given a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 3.62%. The ex-dividend date of this dividend was Monday, April 8th. MSC Industrial Direct’s dividend payout ratio (DPR) is 59.61%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. KeyCorp cut their price objective on shares of MSC Industrial Direct from $105.00 to $102.00 and set an “overweight” rating on the stock in a report on Wednesday, January 10th. StockNews.com lowered shares of MSC Industrial Direct from a “buy” rating to a “hold” rating in a report on Wednesday, April 10th. Finally, Stephens reiterated an “overweight” rating and set a $110.00 price objective on shares of MSC Industrial Direct in a report on Monday, April 1st. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $107.00.

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.