Texas Permanent School Fund boosted its stake in shares of MSC Industrial Direct Company, Inc. (NYSE:MSM) by 1.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 32,918 shares of the industrial products company’s stock after buying an additional 447 shares during the period. Texas Permanent School Fund owned 0.07% of MSC Industrial Direct worth $2,830,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of MSM. BlackRock Inc. boosted its stake in shares of MSC Industrial Direct by 7,681.5% in the first quarter. BlackRock Inc. now owns 3,725,557 shares of the industrial products company’s stock valued at $382,836,000 after buying an additional 3,677,680 shares during the period. FMR LLC boosted its stake in shares of MSC Industrial Direct by 72.5% in the first quarter. FMR LLC now owns 3,074,574 shares of the industrial products company’s stock valued at $315,943,000 after buying an additional 1,292,581 shares during the period. Jennison Associates LLC purchased a new stake in shares of MSC Industrial Direct during the first quarter valued at $61,347,000. Morgan Stanley boosted its stake in shares of MSC Industrial Direct by 291.0% in the first quarter. Morgan Stanley now owns 407,421 shares of the industrial products company’s stock valued at $41,867,000 after buying an additional 303,234 shares during the period. Finally, AQR Capital Management LLC boosted its stake in shares of MSC Industrial Direct by 35.6% in the first quarter. AQR Capital Management LLC now owns 900,428 shares of the industrial products company’s stock valued at $92,528,000 after buying an additional 236,604 shares during the period. 76.83% of the stock is currently owned by hedge funds and other institutional investors.

MSC Industrial Direct Company, Inc. (NYSE:MSM) opened at 70.95 on Monday. The stock’s 50 day moving average is $79.96 and its 200-day moving average is $91.87. The stock has a market capitalization of $4.04 billion, a price-to-earnings ratio of 17.69 and a beta of 0.50. MSC Industrial Direct Company, Inc. has a 12 month low of $69.72 and a 12 month high of $105.70.

MSC Industrial Direct (NYSE:MSM) last announced its earnings results on Wednesday, July 12th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.09. MSC Industrial Direct had a return on equity of 20.05% and a net margin of 8.07%. The company had revenue of $743.90 million for the quarter, compared to analyst estimates of $744.49 million. During the same period in the prior year, the company posted $1.05 EPS. MSC Industrial Direct’s quarterly revenue was up 2.3% on a year-over-year basis. On average, equities research analysts expect that MSC Industrial Direct Company, Inc. will post $3.98 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Tuesday, July 18th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend was Friday, July 14th. MSC Industrial Direct’s payout ratio is 45.11%.

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MSM has been the topic of several analyst reports. Credit Suisse Group raised shares of MSC Industrial Direct from a “neutral” rating to an “outperform” rating and raised their target price for the company from $92.00 to $100.00 in a report on Wednesday, April 19th. Raymond James Financial, Inc. raised shares of MSC Industrial Direct from a “market perform” rating to a “buy” rating and set a $103.00 target price on the stock in a report on Wednesday, April 19th. Zacks Investment Research cut shares of MSC Industrial Direct from a “buy” rating to a “hold” rating in a report on Friday, June 9th. BidaskClub raised shares of MSC Industrial Direct from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 5th. Finally, J P Morgan Chase & Co initiated coverage on shares of MSC Industrial Direct in a report on Friday, June 2nd. They set an “overweight” rating and a $91.00 price objective on the stock. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $90.85.

In other MSC Industrial Direct news, Director Philip Peller bought 1,000 shares of the business’s stock in a transaction on Wednesday, July 19th. The shares were bought at an average cost of $72.00 per share, with a total value of $72,000.00. Following the transaction, the director now directly owns 2,422 shares in the company, valued at approximately $174,384. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 31.28% of the company’s stock.

About MSC Industrial Direct

MSC Industrial Direct Co, Inc is a North American distributor of metalworking and maintenance, repair and operations (MRO) products and services. The Company’s range of MRO products include 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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Institutional Ownership by Quarter for MSC Industrial Direct (NYSE:MSM)

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