MSC Industrial Direct Company, Inc. (MSM) Shares Sold by Fiduciary Management Inc. WI
Fiduciary Management Inc. WI decreased its holdings in MSC Industrial Direct Company, Inc. (NYSE:MSM) by 2.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 523,870 shares of the industrial products company’s stock after selling 10,517 shares during the quarter. Fiduciary Management Inc. WI owned about 1.16% of MSC Industrial Direct worth $45,032,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in MSC Industrial Direct by 8.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,539 shares of the industrial products company’s stock worth $132,000 after acquiring an additional 123 shares in the last quarter. PNC Financial Services Group Inc. raised its position in MSC Industrial Direct by 5.9% in the first quarter. PNC Financial Services Group Inc. now owns 1,569 shares of the industrial products company’s stock worth $161,000 after acquiring an additional 88 shares in the last quarter. Invictus RG raised its position in MSC Industrial Direct by 796.7% in the first quarter. Invictus RG now owns 1,623 shares of the industrial products company’s stock worth $167,000 after acquiring an additional 1,442 shares in the last quarter. HighTower Advisors LLC purchased a new position in MSC Industrial Direct in the first quarter worth $217,000. Finally, Harfst & Associates Inc. purchased a new position in MSC Industrial Direct in the first quarter worth $233,000. Hedge funds and other institutional investors own 75.69% of the company’s stock.
Several research analysts have issued reports on MSM shares. BidaskClub upgraded MSC Industrial Direct from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 5th. Stifel Nicolaus reiterated a “hold” rating and issued a $88.00 price objective (down previously from $92.00) on shares of MSC Industrial Direct in a research report on Monday, June 12th. BMO Capital Markets reiterated a “market perform” rating on shares of MSC Industrial Direct in a research report on Tuesday, September 12th. Credit Suisse Group lowered their target price on MSC Industrial Direct from $100.00 to $93.00 and set an “outperform” rating on the stock in a report on Thursday, July 13th. Finally, Zacks Investment Research raised MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a report on Thursday, June 8th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $91.75.
In other MSC Industrial Direct news, Director Philip Peller purchased 1,000 shares of the stock in a transaction dated Wednesday, July 19th. The shares were acquired at an average price of $72.00 per share, for a total transaction of $72,000.00. Following the completion of the acquisition, the director now owns 2,422 shares of the company’s stock, valued at approximately $174,384. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 31.28% of the stock is owned by insiders.
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MSC Industrial Direct Company, Inc. (NYSE:MSM) traded down 0.12% during mid-day trading on Friday, hitting $72.00. The company had a trading volume of 521,713 shares. The company has a market cap of $4.10 billion, a PE ratio of 17.96 and a beta of 0.51. MSC Industrial Direct Company, Inc. has a one year low of $65.42 and a one year high of $105.70. The company’s 50 day moving average price is $69.40 and its 200-day moving average price is $84.41.
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, hitting analysts’ consensus estimates of $1.09. The company had revenue of $743.90 million for the quarter, compared to analyst estimates of $744.49 million. MSC Industrial Direct had a return on equity of 20.05% and a net margin of 8.07%. MSC Industrial Direct’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.05 earnings per share. Equities research analysts anticipate that MSC Industrial Direct Company, Inc. will post $3.97 EPS for the current fiscal year.
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.
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