MSC Industrial Direct Co Inc (MSM) Position Trimmed by FIL Ltd

FIL Ltd trimmed its position in shares of MSC Industrial Direct Co Inc (NYSE:MSM) by 12.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 168,005 shares of the industrial products company’s stock after selling 22,808 shares during the period. FIL Ltd owned approximately 0.30% of MSC Industrial Direct worth $15,408,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MSM. Schwab Charles Investment Management Inc. grew its holdings in MSC Industrial Direct by 4.8% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 233,134 shares of the industrial products company’s stock valued at $22,535,000 after purchasing an additional 10,585 shares in the last quarter. SG Americas Securities LLC grew its holdings in MSC Industrial Direct by 170.6% during the 4th quarter. SG Americas Securities LLC now owns 12,842 shares of the industrial products company’s stock valued at $1,241,000 after purchasing an additional 8,097 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in MSC Industrial Direct by 49.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,294 shares of the industrial products company’s stock valued at $222,000 after purchasing an additional 755 shares in the last quarter. ING Groep NV grew its holdings in MSC Industrial Direct by 21.7% during the 4th quarter. ING Groep NV now owns 6,721 shares of the industrial products company’s stock valued at $650,000 after purchasing an additional 1,197 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its holdings in MSC Industrial Direct by 310.4% during the 4th quarter. Teacher Retirement System of Texas now owns 15,290 shares of the industrial products company’s stock valued at $1,478,000 after purchasing an additional 11,564 shares in the last quarter. 77.35% of the stock is owned by institutional investors and hedge funds.

NYSE MSM opened at $93.39 on Monday. MSC Industrial Direct Co Inc has a 12 month low of $65.42 and a 12 month high of $99.94. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.19 and a current ratio of 2.20. The firm has a market cap of $5.27 billion, a price-to-earnings ratio of 23.06, a P/E/G ratio of 1.33 and a beta of 0.62.

MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings data on Tuesday, April 10th. The industrial products company reported $1.34 EPS for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.02. MSC Industrial Direct had a net margin of 9.91% and a return on equity of 20.53%. The firm had revenue of $769.00 million for the quarter, compared to the consensus estimate of $773.42 million. During the same period in the prior year, the firm posted $1.33 EPS. The firm’s revenue was up 9.3% compared to the same quarter last year. research analysts expect that MSC Industrial Direct Co Inc will post 5.16 EPS for the current fiscal year.

In other news, SVP Kari D. Heerdt sold 523 shares of the firm’s stock in a transaction dated Tuesday, May 22nd. The shares were sold at an average price of $94.92, for a total value of $49,643.16. Following the transaction, the senior vice president now directly owns 18,392 shares in the company, valued at approximately $1,745,768.64. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mitchell Jacobson sold 8,796 shares of the firm’s stock in a transaction dated Thursday, May 17th. The stock was sold at an average price of $94.91, for a total transaction of $834,828.36. Following the completion of the transaction, the director now owns 4,398 shares in the company, valued at $417,414.18. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 162,743 shares of company stock worth $15,444,036. Insiders own 31.28% of the company’s stock.

A number of research firms recently weighed in on MSM. Goldman Sachs Group began coverage on shares of MSC Industrial Direct in a report on Sunday, March 18th. They set a “buy” rating and a $107.00 price target for the company. Zacks Investment Research lowered shares of MSC Industrial Direct from a “buy” rating to a “hold” rating in a report on Saturday, March 17th. Gabelli lowered shares of MSC Industrial Direct from a “buy” rating to a “hold” rating and set a $99.00 price target for the company. in a report on Friday, March 16th. Deutsche Bank set a $102.00 price target on shares of MSC Industrial Direct and gave the company a “hold” rating in a report on Friday, April 6th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $103.00 price target on shares of MSC Industrial Direct in a report on Monday, April 9th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $100.62.

MSC Industrial Direct Company Profile

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.

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

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