DekaBank Deutsche Girozentrale Has $15.46 Million Holdings in MSC Industrial Direct Co., Inc. (NYSE:MSM)

DekaBank Deutsche Girozentrale increased its stake in shares of MSC Industrial Direct Co., Inc. (NYSE:MSM) by 68.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 157,252 shares of the industrial products company’s stock after purchasing an additional 63,955 shares during the period. DekaBank Deutsche Girozentrale’s holdings in MSC Industrial Direct were worth $15,458,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Future Financial Wealth Managment LLC bought a new position in MSC Industrial Direct during the first quarter worth about $29,000. Bessemer Group Inc. lifted its holdings in MSC Industrial Direct by 261.7% during the first quarter. Bessemer Group Inc. now owns 387 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 280 shares in the last quarter. Quarry LP bought a new position in MSC Industrial Direct during the fourth quarter worth about $40,000. GAMMA Investing LLC bought a new position in MSC Industrial Direct during the fourth quarter worth about $40,000. Finally, Principal Securities Inc. bought a new position in MSC Industrial Direct during the fourth quarter worth about $84,000. 79.26% of the stock is owned by institutional investors and hedge funds.

MSC Industrial Direct Stock Down 1.5 %

MSM traded down $1.27 on Friday, hitting $83.08. 819,622 shares of the company were exchanged, compared to its average volume of 702,121. MSC Industrial Direct Co., Inc. has a 12 month low of $75.05 and a 12 month high of $105.77. The company has a market cap of $4.66 billion, a PE ratio of 16.13 and a beta of 0.88. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.92 and a current ratio of 2.01. The stock’s fifty day moving average is $82.29 and its 200-day moving average is $91.19.

MSC Industrial Direct (NYSE:MSM) last released its earnings results on Tuesday, July 2nd. The industrial products company reported $1.33 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.33. MSC Industrial Direct had a return on equity of 21.31% and a net margin of 7.44%. The business had revenue of $979.40 million for the quarter, compared to analyst estimates of $979.10 million. During the same quarter in the prior year, the company posted $1.74 earnings per share. MSC Industrial Direct’s revenue was down 7.1% on a year-over-year basis. Equities research analysts predict that MSC Industrial Direct Co., Inc. will post 4.84 EPS for the current fiscal year.

MSC Industrial Direct Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 23rd. Shareholders of record on Tuesday, July 9th were given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date of this dividend was Tuesday, July 9th. MSC Industrial Direct’s dividend payout ratio (DPR) is presently 64.47%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on MSM shares. JPMorgan Chase & Co. cut their price target on MSC Industrial Direct from $81.00 to $80.00 and set a “neutral” rating on the stock in a report on Wednesday, July 3rd. StockNews.com lowered MSC Industrial Direct from a “buy” rating to a “hold” rating in a report on Saturday, June 8th. Robert W. Baird cut their price target on MSC Industrial Direct from $95.00 to $84.00 and set a “neutral” rating on the stock in a report on Friday, June 14th. Baird R W lowered MSC Industrial Direct from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 29th. Finally, KeyCorp lowered MSC Industrial Direct from an “overweight” rating to a “sector weight” rating in a report on Monday, June 17th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $90.20.

Insiders Place Their Bets

In other MSC Industrial Direct news, SVP Kimberly Shacklett sold 4,885 shares of the business’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $84.60, for a total transaction of $413,271.00. Following the transaction, the senior vice president now owns 12,897 shares of the company’s stock, valued at $1,091,086.20. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 18.80% of the company’s stock.

MSC Industrial Direct Profile

MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes metalworking and maintenance, repair, and operations (MRO) products and services in the United States, Canada, Mexico, the United Kingdom, and internationally. The company's MRO products include 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.