MSC Industrial Direct Company, Inc. $MSM Stock Position Raised by AMG National Trust Bank

AMG National Trust Bank raised its holdings in shares of MSC Industrial Direct Company, Inc. (NYSE:MSM) by 29.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,421 shares of the industrial products company’s stock after acquiring an additional 4,467 shares during the quarter. AMG National Trust Bank’s holdings in MSC Industrial Direct were worth $1,792,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Willis Investment Counsel increased its position in MSC Industrial Direct by 48.6% during the fourth quarter. Willis Investment Counsel now owns 37,870 shares of the industrial products company’s stock worth $3,185,000 after acquiring an additional 12,383 shares during the period. JPMorgan Chase & Co. raised its stake in shares of MSC Industrial Direct by 15.2% in the third quarter. JPMorgan Chase & Co. now owns 288,489 shares of the industrial products company’s stock valued at $26,581,000 after purchasing an additional 38,088 shares in the last quarter. Cinctive Capital Management LP bought a new position in shares of MSC Industrial Direct during the 3rd quarter worth about $2,298,000. LSV Asset Management boosted its holdings in MSC Industrial Direct by 1,711.1% during the fourth quarter. LSV Asset Management now owns 16,300 shares of the industrial products company’s stock valued at $1,371,000 after purchasing an additional 15,400 shares in the last quarter. Finally, Royce & Associates LP boosted its stake in MSC Industrial Direct by 8.0% in the 4th quarter. Royce & Associates LP now owns 420,750 shares of the industrial products company’s stock valued at $35,385,000 after buying an additional 31,260 shares in the last quarter. 79.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MSM has been the topic of several research analyst reports. Zacks Research raised shares of MSC Industrial Direct from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 2nd. Rothschild & Co Redburn assumed coverage on shares of MSC Industrial Direct in a research report on Monday. They issued a “buy” rating and a $155.00 price objective for the company. KeyCorp upped their price objective on MSC Industrial Direct from $132.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, July 1st. DA Davidson increased their price objective on MSC Industrial Direct from $145.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Finally, Wall Street Zen raised MSC Industrial Direct from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.43.

MSC Industrial Direct Stock Up 0.0%

Shares of MSC Industrial Direct stock opened at $124.04 on Wednesday. The business’s 50 day simple moving average is $114.02 and its 200 day simple moving average is $99.10. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.72 and a current ratio of 1.55. The firm has a market cap of $6.93 billion, a PE ratio of 29.96 and a beta of 0.83. MSC Industrial Direct Company, Inc. has a 52-week low of $78.80 and a 52-week high of $127.51.

MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings results on Wednesday, July 1st. The industrial products company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.15. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.03 billion. MSC Industrial Direct had a return on equity of 17.34% and a net margin of 5.91%.MSC Industrial Direct’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the company posted $1.08 earnings per share. On average, analysts predict that MSC Industrial Direct Company, Inc. will post 4.47 earnings per share for the current fiscal year.

MSC Industrial Direct Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th will be paid a $0.87 dividend. The ex-dividend date is Wednesday, July 8th. This represents a $3.48 annualized dividend and a dividend yield of 2.8%. MSC Industrial Direct’s dividend payout ratio is 84.06%.

MSC Industrial Direct Company Profile

MSC Industrial Direct Co, Inc (NYSE: MSM) is a leading distributor of metalworking and maintenance, repair and operations (MRO) products serving a broad range of industrial customers across North America. The company offers an extensive portfolio of cutting tools, abrasives, measuring and inspection instruments, fasteners, safety supplies and other essential components used in manufacturing, metalworking and production environments. MSC delivers products through a multi-channel distribution network, including an extensive branch system, e-commerce platform and dedicated sales force.

In addition to its core product offerings, MSC Industrial Direct provides value-added services designed to improve productivity and reduce downtime for its customers.