Tiverton Asset Management LLC increased its stake in shares of MSC Industrial Direct (NYSE:MSM) by 41.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,595 shares of the industrial products company’s stock after purchasing an additional 23,690 shares during the quarter. Tiverton Asset Management LLC owned approximately 0.14% of MSC Industrial Direct worth $7,391,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Delpha Capital Management LLC purchased a new stake in MSC Industrial Direct during the 4th quarter worth about $111,000. Cerebellum GP LLC purchased a new stake in MSC Industrial Direct during the 4th quarter worth about $127,000. Captrust Financial Advisors purchased a new stake in MSC Industrial Direct during the 4th quarter worth about $129,000. Cutler Group LP increased its position in MSC Industrial Direct by 457.8% during the 4th quarter. Cutler Group LP now owns 1,431 shares of the industrial products company’s stock worth $138,000 after purchasing an additional 1,831 shares in the last quarter. Finally, Texas Yale Capital Corp. purchased a new stake in MSC Industrial Direct during the 4th quarter worth about $215,000. Hedge funds and other institutional investors own 76.75% of the company’s stock.
A number of analysts recently commented on the company. Stephens reiterated a “buy” rating and set a $116.00 price objective on shares of MSC Industrial Direct in a research report on Tuesday, April 10th. Robert W. Baird reiterated a “hold” rating and set a $107.00 price objective on shares of MSC Industrial Direct in a research report on Tuesday, April 10th. Deutsche Bank set a $102.00 price objective on MSC Industrial Direct and gave the stock a “hold” rating in a research report on Friday, April 6th. Gabelli cut MSC Industrial Direct from a “buy” rating to a “hold” rating and set a $99.00 price objective for the company. in a research report on Friday, March 16th. Finally, Goldman Sachs assumed coverage on MSC Industrial Direct in a research report on Sunday, March 18th. They set a “buy” rating and a $107.00 price objective for the company. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. MSC Industrial Direct presently has a consensus rating of “Hold” and an average target price of $100.62.
MSM opened at $91.39 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.20 and a quick ratio of 1.19. The stock has a market capitalization of $5.19 billion, a price-to-earnings ratio of 20.21, a price-to-earnings-growth ratio of 1.31 and a beta of 0.62. MSC Industrial Direct has a 12 month low of $90.90 and a 12 month high of $92.94.
MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings results on Tuesday, April 10th. The industrial products company reported $1.34 EPS for the quarter, beating the consensus estimate of $1.32 by $0.02. The company had revenue of $769.00 million during the quarter, compared to analysts’ expectations of $773.42 million. MSC Industrial Direct had a return on equity of 20.53% and a net margin of 9.91%. The firm’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.33 EPS. sell-side analysts forecast that MSC Industrial Direct will post 5.16 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 1st. Shareholders of record on Tuesday, April 17th were issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 2.54%. The ex-dividend date was Monday, April 16th. MSC Industrial Direct’s dividend payout ratio (DPR) is 57.28%.
About MSC Industrial Direct
MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes various ranges of metalworking and maintenance, repair, and operations (MRO) products primarily in the United States, Canada, and the United Kingdom. The company's MRO products comprise cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock, 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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