Bank of Montreal Can decreased its position in shares of MSC Industrial Direct Company, Inc. (NYSE:MSM) by 19.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,910 shares of the industrial products company’s stock after selling 8,935 shares during the period. Bank of Montreal Can owned about 0.08% of MSC Industrial Direct worth $3,087,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. UBS Asset Management Americas Inc. raised its stake in shares of MSC Industrial Direct by 66.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 69,076 shares of the industrial products company’s stock worth $6,381,000 after buying an additional 27,553 shares during the period. Alpha Windward LLC acquired a new stake in shares of MSC Industrial Direct during the first quarter worth approximately $469,000. Parametrica Management Ltd acquired a new stake in shares of MSC Industrial Direct during the first quarter worth approximately $205,000. Americafirst Capital Management LLC raised its stake in shares of MSC Industrial Direct by 91.4% in the first quarter. Americafirst Capital Management LLC now owns 2,226 shares of the industrial products company’s stock worth $229,000 after buying an additional 1,063 shares during the period. Finally, Louisiana State Employees Retirement System raised its stake in shares of MSC Industrial Direct by 2.7% in the first quarter. Louisiana State Employees Retirement System now owns 11,300 shares of the industrial products company’s stock worth $1,161,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds own 76.83% of the company’s stock.

MSC Industrial Direct Company, Inc. (NYSE:MSM) traded down 0.46% during trading on Tuesday, reaching $69.99. 127,458 shares of the company traded hands. MSC Industrial Direct Company, Inc. has a 52 week low of $69.61 and a 52 week high of $105.70. The firm has a market capitalization of $3.99 billion, a price-to-earnings ratio of 17.45 and a beta of 0.50. The company’s 50-day moving average price is $79.96 and its 200 day moving average price is $91.87.

MSC Industrial Direct (NYSE:MSM) last released its quarterly earnings data on Wednesday, July 12th. The industrial products company reported $1.09 EPS for the quarter, hitting the 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 during the quarter, compared to the consensus estimate of $744.49 million. During the same period last year, the company earned $1.05 EPS. MSC Industrial Direct’s revenue for the quarter 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 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Tuesday, July 18th were issued a $0.45 dividend. The ex-dividend date of this dividend was Friday, July 14th. This represents a $1.80 annualized dividend and a yield of 2.56%. MSC Industrial Direct’s payout ratio is 45.11%.

TRADEMARK VIOLATION NOTICE: “Bank of Montreal Can Sells 8,935 Shares of MSC Industrial Direct Company, Inc. (NYSE:MSM)” was first reported by Daily Political and is the sole property of of Daily Political. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright laws. The correct version of this report can be read at https://www.dailypolitical.com/2017/08/08/bank-of-montreal-can-sells-8935-shares-of-msc-industrial-direct-company-inc-nysemsm.html.

MSM has been the subject of a number of recent research reports. Zacks Investment Research lowered shares of MSC Industrial Direct from a “buy” rating to a “hold” rating in a research note on Tuesday, April 11th. Credit Suisse Group upgraded shares of MSC Industrial Direct from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $92.00 to $100.00 in a research note on Wednesday, April 19th. Raymond James Financial, Inc. upgraded shares of MSC Industrial Direct from a “market perform” rating to a “buy” rating and set a $103.00 price target for the company in a research note on Wednesday, April 19th. J P Morgan Chase & Co assumed coverage on shares of MSC Industrial Direct in a research note on Friday, June 2nd. They issued an “overweight” rating and a $91.00 target price for the company. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $88.00 target price (down previously from $92.00) on shares of MSC Industrial Direct in a research note on Monday, June 12th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $90.85.

In other MSC Industrial Direct news, Director Philip Peller acquired 1,000 shares of MSC Industrial Direct stock in a transaction that occurred on Wednesday, July 19th. The stock was bought at an average cost of $72.00 per share, for a total transaction of $72,000.00. Following the acquisition, the director now owns 2,422 shares of the company’s stock, valued at $174,384. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 31.28% of the stock is currently owned by company insiders.

MSC Industrial Direct Company Profile

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.

Want to see what other hedge funds are holding MSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MSC Industrial Direct Company, Inc. (NYSE:MSM).

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

Receive News & Ratings for MSC Industrial Direct Company Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MSC Industrial Direct Company Inc. and related companies with MarketBeat.com's FREE daily email newsletter.