MSC Industrial Direct Co Inc (MSM) Position Lifted by Leith Wheeler Investment Counsel Ltd.

Leith Wheeler Investment Counsel Ltd. lifted its position in shares of MSC Industrial Direct Co Inc (NYSE:MSM) by 5.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,407 shares of the industrial products company’s stock after purchasing an additional 1,160 shares during the period. MSC Industrial Direct accounts for about 3.8% of Leith Wheeler Investment Counsel Ltd.’s holdings, making the stock its 14th biggest position. Leith Wheeler Investment Counsel Ltd.’s holdings in MSC Industrial Direct were worth $2,166,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Westpac Banking Corp lifted its position in shares of MSC Industrial Direct by 14.8% during the third quarter. Westpac Banking Corp now owns 79,800 shares of the industrial products company’s stock valued at $6,030,000 after purchasing an additional 10,300 shares in the last quarter. Alpha Windward LLC bought a new position in shares of MSC Industrial Direct during the third quarter valued at about $521,000. Oak Ridge Investments LLC lifted its position in shares of MSC Industrial Direct by 37.8% during the second quarter. Oak Ridge Investments LLC now owns 14,710 shares of the industrial products company’s stock valued at $1,264,000 after purchasing an additional 4,035 shares in the last quarter. Janus Henderson Group PLC bought a new position in shares of MSC Industrial Direct during the second quarter valued at about $12,989,000. Finally, CIBC World Markets Inc. purchased a new stake in MSC Industrial Direct during the second quarter worth about $1,199,000. 75.55% of the stock is currently owned by institutional investors.

MSC Industrial Direct Co Inc (NYSE MSM) traded up $0.93 on Tuesday, hitting $98.38. 582,300 shares of the stock traded hands, compared to its average volume of 606,400. The stock has a market capitalization of $5,495.30, a P/E ratio of 24.35, a price-to-earnings-growth ratio of 1.90 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 Co Inc has a 52-week low of $65.42 and a 52-week high of $105.70.

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

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 30th. Investors of record on Tuesday, January 16th will be paid a dividend of $0.58 per share. The ex-dividend date is Friday, January 12th. This represents a $2.32 annualized dividend and a yield of 2.36%. This is a boost from MSC Industrial Direct’s previous quarterly dividend of $0.48. MSC Industrial Direct’s payout ratio is currently 47.52%.

A number of research firms recently issued reports on MSM. Susquehanna Bancshares restated a “hold” rating and set a $92.00 price objective on shares of MSC Industrial Direct in a report on Wednesday, January 3rd. Zacks Investment Research upgraded shares of MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $108.00 price objective for the company in a report on Wednesday, January 3rd. Credit Suisse Group restated an “outperform” rating and set a $112.00 price objective (up previously from $100.00) on shares of MSC Industrial Direct in a report on Tuesday. Raymond James Financial restated an “outperform” rating and set a $105.00 price objective (up previously from $95.00) on shares of MSC Industrial Direct in a report on Thursday, January 4th. They noted that the move was a valuation call. Finally, UBS Group downgraded shares of MSC Industrial Direct from a “strong-buy” rating to an “outperform” rating in a report on Thursday, January 4th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $93.25.

In other news, Director Mitchell Jacobson sold 13,582 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $81.91, for a total value of $1,112,501.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Steven N. Baruch sold 5,762 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was 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 ninety days, insiders have sold 225,541 shares of company stock valued at $18,264,812. 31.38% of the stock is owned by corporate insiders.

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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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