Rhumbline Advisers raised its stake in MSC Industrial Direct Co Inc (NYSE:MSM) by 9.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 156,434 shares of the industrial products company’s stock after acquiring an additional 13,577 shares during the period. Rhumbline Advisers owned 0.28% of MSC Industrial Direct worth $8,599,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Novare Capital Management LLC raised its holdings in shares of MSC Industrial Direct by 16.0% during the first quarter. Novare Capital Management LLC now owns 77,580 shares of the industrial products company’s stock valued at $4,265,000 after buying an additional 10,705 shares during the last quarter. Seizert Capital Partners LLC raised its holdings in shares of MSC Industrial Direct by 831.6% during the first quarter. Seizert Capital Partners LLC now owns 307,038 shares of the industrial products company’s stock valued at $16,878,000 after buying an additional 274,080 shares during the last quarter. State Board of Administration of Florida Retirement System raised its holdings in shares of MSC Industrial Direct by 3.4% during the first quarter. State Board of Administration of Florida Retirement System now owns 56,060 shares of the industrial products company’s stock valued at $3,082,000 after buying an additional 1,841 shares during the last quarter. Aperio Group LLC raised its holdings in shares of MSC Industrial Direct by 453.5% during the first quarter. Aperio Group LLC now owns 163,816 shares of the industrial products company’s stock valued at $9,005,000 after buying an additional 134,218 shares during the last quarter. Finally, First Quadrant L P CA bought a new stake in shares of MSC Industrial Direct during the first quarter valued at approximately $116,000. 74.66% of the stock is currently owned by institutional investors.

MSM has been the topic of a number of recent analyst reports. Zacks Investment Research raised MSC Industrial Direct from a “sell” rating to a “hold” rating in a report on Tuesday. Stephens cut their price target on MSC Industrial Direct from $78.00 to $66.00 and set an “equal weight” rating on the stock in a report on Monday, April 13th. KeyCorp boosted their target price on MSC Industrial Direct from $68.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday. JPMorgan Chase & Co. boosted their target price on MSC Industrial Direct from $54.00 to $58.00 and gave the stock a “neutral” rating in a report on Thursday, April 9th. Finally, Buckingham Research dropped their target price on MSC Industrial Direct from $75.00 to $72.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $69.67.

In other MSC Industrial Direct news, EVP Douglas E. Jones sold 3,697 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $60.00, for a total value of $221,820.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 28.75% of the stock is currently owned by corporate insiders.

Shares of NYSE:MSM opened at $65.37 on Friday. The stock has a market cap of $3.69 billion, a price-to-earnings ratio of 13.56 and a beta of 0.95. MSC Industrial Direct Co Inc has a 12 month low of $44.93 and a 12 month high of $79.87. The stock’s 50 day moving average price is $59.13 and its 200 day moving average price is $67.25. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.75 and a quick ratio of 0.94.

MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings results on Wednesday, April 8th. The industrial products company reported $1.00 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.00. The company had revenue of $786.10 million for the quarter, compared to analysts’ expectations of $792.26 million. MSC Industrial Direct had a return on equity of 19.23% and a net margin of 8.05%. The firm’s revenue was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.24 earnings per share. On average, sell-side analysts expect that MSC Industrial Direct Co Inc will post 4.05 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 28th. Shareholders of record on Tuesday, April 14th were issued a $0.75 dividend. The ex-dividend date was Monday, April 13th. This represents a $3.00 annualized dividend and a dividend yield of 4.59%. MSC Industrial Direct’s dividend payout ratio is currently 56.71%.

MSC Industrial Direct Company Profile

MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes metalworking and maintenance, repair, and operations (MRO) products in the United States, Canada, and the United Kingdom. The company's MRO products comprise cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock products, 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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