First Mercantile Trust Co. lowered its position in shares of MSC Industrial Direct Co Inc (NYSE:MSM) by 18.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,215 shares of the industrial products company’s stock after selling 745 shares during the period. First Mercantile Trust Co.’s holdings in MSC Industrial Direct were worth $311,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cerebellum GP LLC acquired a new stake in shares of MSC Industrial Direct during the fourth quarter worth about $127,000. Cutler Group LP increased its position in shares of MSC Industrial Direct by 457.8% during the fourth quarter. Cutler Group LP now owns 1,431 shares of the industrial products company’s stock worth $138,000 after purchasing an additional 1,831 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of MSC Industrial Direct by 0.5% during the second quarter. PNC Financial Services Group Inc. now owns 1,577 shares of the industrial products company’s stock worth $136,000 after purchasing an additional 8 shares in the last quarter. QS Investors LLC increased its position in shares of MSC Industrial Direct by 0.5% during the second quarter. QS Investors LLC now owns 1,749 shares of the industrial products company’s stock worth $150,000 after purchasing an additional 8 shares in the last quarter. Finally, Zions Bancorporation acquired a new stake in shares of MSC Industrial Direct during the third quarter worth about $150,000. Institutional investors and hedge funds own 74.95% of the company’s stock.

In other MSC Industrial Direct news, SVP Christopher Davanzo sold 12,046 shares of MSC Industrial Direct stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $93.43, for a total value of $1,125,457.78. Following the sale, the senior vice president now owns 12,432 shares of the company’s stock, valued at approximately $1,161,521.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Charles Bonomo sold 1,800 shares of MSC Industrial Direct stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $92.19, for a total value of $165,942.00. The disclosure for this sale can be found here. Insiders sold a total of 924,103 shares of company stock worth $85,457,977 in the last ninety days. 31.38% of the stock is owned by corporate insiders.

MSM has been the topic of several recent research reports. Susquehanna Bancshares restated a “hold” rating and issued a $92.00 price target on shares of MSC Industrial Direct in a research report on Wednesday, January 3rd. Raymond James Financial restated an “outperform” rating and issued a $105.00 price target (up previously from $95.00) on shares of MSC Industrial Direct in a research report on Thursday, January 4th. They noted that the move was a valuation call. Stifel Nicolaus restated a “hold” rating and issued a $84.00 price target on shares of MSC Industrial Direct in a research report on Friday, November 3rd. Zacks Investment Research cut MSC Industrial Direct from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Finally, Credit Suisse Group restated an “outperform” rating and issued a $112.00 price target (up previously from $100.00) on shares of MSC Industrial Direct in a research report on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $95.92.

MSC Industrial Direct Co Inc (MSM) opened at $88.46 on Tuesday. The stock has a market capitalization of $5,036.44, a PE ratio of 21.37, a P/E/G ratio of 1.30 and a beta of 0.59. MSC Industrial Direct Co Inc has a 52-week low of $65.42 and a 52-week high of $105.70. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.04.

MSC Industrial Direct (NYSE:MSM) last announced its quarterly earnings data on Wednesday, January 10th. The industrial products company reported $1.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.06 by ($0.01). MSC Industrial Direct had a net margin of 7.97% and a return on equity of 19.37%. The business had revenue of $768.60 million during the quarter, compared to analysts’ expectations of $770.95 million. During the same period in the prior year, the firm posted $0.95 EPS. MSC Industrial Direct’s revenue for the quarter was up 12.0% compared to the same quarter last year. equities analysts expect that MSC Industrial Direct Co Inc will post 5.06 earnings per share for the current fiscal year.

MSC Industrial Direct announced that its Board of Directors has authorized a share buyback plan on Wednesday, January 10th that allows the company to repurchase 2,000,000 outstanding shares. This repurchase authorization allows the industrial products company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 30th. Shareholders of record on Tuesday, January 16th were issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend was Friday, January 12th. This is a positive change from MSC Industrial Direct’s previous quarterly dividend of $0.48. MSC Industrial Direct’s payout ratio is currently 56.04%.

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

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