Interval Partners LP Takes Position in MSC Industrial Direct Company, Inc. $MSM

Interval Partners LP bought a new stake in MSC Industrial Direct Company, Inc. (NYSE:MSM) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 189,169 shares of the industrial products company’s stock, valued at approximately $15,909,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Elo Mutual Pension Insurance Co bought a new position in shares of MSC Industrial Direct in the third quarter valued at approximately $1,096,000. Willis Investment Counsel boosted its position in shares of MSC Industrial Direct by 48.6% in the fourth quarter. Willis Investment Counsel now owns 37,870 shares of the industrial products company’s stock valued at $3,185,000 after acquiring an additional 12,383 shares during the period. JPMorgan Chase & Co. boosted its position in shares of MSC Industrial Direct by 15.2% in the third quarter. JPMorgan Chase & Co. now owns 288,489 shares of the industrial products company’s stock valued at $26,581,000 after acquiring an additional 38,088 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of MSC Industrial Direct by 1.2% in the third quarter. Dimensional Fund Advisors LP now owns 1,322,432 shares of the industrial products company’s stock valued at $121,842,000 after acquiring an additional 15,765 shares during the period. Finally, Cinctive Capital Management LP bought a new position in shares of MSC Industrial Direct in the third quarter valued at approximately $2,298,000. Hedge funds and other institutional investors own 79.26% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. KeyCorp raised their price objective on shares of MSC Industrial Direct from $117.00 to $120.00 and gave the company an “overweight” rating in a research report on Tuesday, June 2nd. Weiss Ratings restated a “hold (c)” rating on shares of MSC Industrial Direct in a research report on Monday, April 27th. Finally, DA Davidson started coverage on shares of MSC Industrial Direct in a research report on Tuesday. They set a “buy” rating and a $145.00 target price for the company. Two equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $101.00.

MSC Industrial Direct Trading Down 1.9%

Shares of MSC Industrial Direct stock opened at $115.04 on Thursday. MSC Industrial Direct Company, Inc. has a 1 year low of $78.80 and a 1 year high of $119.13. The firm has a market cap of $6.42 billion, a PE ratio of 30.92 and a beta of 0.84. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.73 and a quick ratio of 0.78. The company has a 50 day simple moving average of $105.50 and a two-hundred day simple moving average of $94.46.

MSC Industrial Direct (NYSE:MSM) last announced its earnings results on Wednesday, April 1st. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.02). MSC Industrial Direct had a net margin of 5.42% and a return on equity of 16.06%. The company had revenue of $917.77 million for the quarter, compared to the consensus estimate of $931.69 million. During the same quarter in the previous year, the firm earned $0.72 earnings per share. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. Analysts expect that MSC Industrial Direct Company, Inc. will post 4.35 earnings per share for the current fiscal year.

MSC Industrial Direct Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th will be given a dividend of $0.87 per share. The ex-dividend date is Wednesday, July 8th. This represents a $3.48 annualized dividend and a yield of 3.0%. MSC Industrial Direct’s payout ratio is presently 93.55%.

MSC Industrial Direct Company Profile

MSC Industrial Direct Co, Inc (NYSE: MSM) is a leading distributor of metalworking and maintenance, repair and operations (MRO) products serving a broad range of industrial customers across North America. The company offers an extensive portfolio of cutting tools, abrasives, measuring and inspection instruments, fasteners, safety supplies and other essential components used in manufacturing, metalworking and production environments. MSC delivers products through a multi-channel distribution network, including an extensive branch system, e-commerce platform and dedicated sales force.

In addition to its core product offerings, MSC Industrial Direct provides value-added services designed to improve productivity and reduce downtime for its customers.