Raymond James Financial Services Advisors Inc. Takes Position in MSC Industrial Direct Co Inc (MSM)

Raymond James Financial Services Advisors Inc. bought a new stake in MSC Industrial Direct Co Inc (NYSE:MSM) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 11,338 shares of the industrial products company’s stock, valued at approximately $857,000.

Several other hedge funds have also modified their holdings of MSM. Zurcher Kantonalbank Zurich Cantonalbank raised its position in MSC Industrial Direct by 8.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,539 shares of the industrial products company’s stock worth $132,000 after purchasing an additional 123 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of MSC Industrial Direct by 0.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,577 shares of the industrial products company’s stock worth $136,000 after acquiring an additional 8 shares in the last quarter. QS Investors LLC raised its position in shares of MSC Industrial Direct by 0.5% in the 2nd quarter. QS Investors LLC now owns 1,749 shares of the industrial products company’s stock worth $150,000 after acquiring an additional 8 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of MSC Industrial Direct by 1,373.3% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 2,210 shares of the industrial products company’s stock worth $167,000 after acquiring an additional 2,060 shares in the last quarter. Finally, Numeric Investors LLC bought a new position in shares of MSC Industrial Direct in the 2nd quarter worth about $206,000. 75.57% of the stock is currently owned by hedge funds and other institutional investors.

In other MSC Industrial Direct news, Director Mitchell Jacobson sold 26,306 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $79.40, for a total transaction of $2,088,696.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Steven N. Baruch sold 5,762 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $81.25, for a total transaction of $468,162.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 225,541 shares of company stock worth $18,264,812. 31.28% of the stock is owned by company insiders.

MSM has been the subject of several research analyst reports. TheStreet lowered MSC Industrial Direct from a “b” rating to a “c+” rating in a research report on Wednesday, August 16th. BMO Capital Markets reissued a “market perform” rating on shares of MSC Industrial Direct in a research report on Tuesday, September 12th. KeyCorp reaffirmed a “hold” rating on shares of MSC Industrial Direct in a research report on Sunday, September 17th. Zacks Investment Research raised MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $81.00 target price for the company in a research report on Thursday, September 21st. Finally, Susquehanna Bancshares initiated coverage on MSC Industrial Direct in a research report on Monday, September 25th. They issued a “neutral” rating and a $77.00 target price for the company. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $88.17.

Shares of MSC Industrial Direct Co Inc (NYSE MSM) traded up $0.30 during midday trading on Monday, hitting $90.37. The stock had a trading volume of 871,700 shares, compared to its average volume of 618,970. MSC Industrial Direct Co Inc has a 12-month low of $65.42 and a 12-month high of $105.70. The stock has a market cap of $5,096.06, a P/E ratio of 22.37, a PEG ratio of 1.77 and a beta of 0.67. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.80 and a quick ratio of 0.97.

MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.99 by $0.08. MSC Industrial Direct had a return on equity of 19.42% and a net margin of 8.01%. The business had revenue of $753.80 million for the quarter, compared to the consensus estimate of $745.80 million. During the same quarter in the prior year, the business earned $1.02 earnings per share. MSC Industrial Direct’s revenue for the quarter was up 1.2% on a year-over-year basis. research analysts expect that MSC Industrial Direct Co Inc will post 4.45 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 28th. Investors of record on Tuesday, November 14th were paid a $0.48 dividend. This is an increase from MSC Industrial Direct’s previous quarterly dividend of $0.45. The ex-dividend date was Monday, November 13th. This represents a $1.92 annualized dividend and a yield of 2.12%. MSC Industrial Direct’s dividend payout ratio is presently 47.52%.

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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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