MSC Industrial Direct Co., Inc. (NYSE:MSM) Shares Sold by Trust Co. of Vermont

Trust Co. of Vermont reduced its position in MSC Industrial Direct Co., Inc. (NYSE:MSM) by 5.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,262 shares of the industrial products company’s stock after selling 1,634 shares during the quarter. Trust Co. of Vermont owned approximately 0.06% of MSC Industrial Direct worth $2,690,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. raised its stake in shares of MSC Industrial Direct by 85.1% in the second quarter. American Century Companies Inc. now owns 2,733,228 shares of the industrial products company’s stock valued at $216,772,000 after acquiring an additional 1,256,706 shares in the last quarter. Swedbank AB purchased a new stake in MSC Industrial Direct during the 1st quarter worth about $16,571,000. Allspring Global Investments Holdings LLC raised its position in MSC Industrial Direct by 804.5% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 173,653 shares of the industrial products company’s stock valued at $13,772,000 after purchasing an additional 154,454 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of MSC Industrial Direct by 1,715.2% in the 2nd quarter. Renaissance Technologies LLC now owns 143,400 shares of the industrial products company’s stock valued at $11,373,000 after buying an additional 135,500 shares during the period. Finally, Millennium Management LLC grew its position in shares of MSC Industrial Direct by 458.4% during the second quarter. Millennium Management LLC now owns 119,700 shares of the industrial products company’s stock worth $9,493,000 after buying an additional 98,265 shares in the last quarter. 79.26% of the stock is owned by institutional investors and hedge funds.

MSC Industrial Direct Trading Up 0.2 %

Shares of MSC Industrial Direct stock opened at $84.20 on Friday. The company has a fifty day simple moving average of $81.98 and a 200-day simple moving average of $84.88. MSC Industrial Direct Co., Inc. has a 12-month low of $75.05 and a 12-month high of $104.76. The company has a current ratio of 2.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.21. The stock has a market cap of $4.73 billion, a price-to-earnings ratio of 16.35 and a beta of 0.86.

MSC Industrial Direct Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a dividend of $0.85 per share. This is a positive change from MSC Industrial Direct’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $3.40 annualized dividend and a dividend yield of 4.04%. MSC Industrial Direct’s dividend payout ratio (DPR) is presently 66.02%.

Wall Street Analyst Weigh In

MSM has been the subject of several analyst reports. JPMorgan Chase & Co. lowered their price target on shares of MSC Industrial Direct from $81.00 to $80.00 and set a “neutral” rating for the company in a report on Wednesday, July 3rd. Loop Capital lowered their target price on shares of MSC Industrial Direct from $80.00 to $75.00 and set a “hold” rating for the company in a research note on Wednesday, July 3rd. Finally, Robert W. Baird raised their price target on MSC Industrial Direct from $84.00 to $91.00 and gave the company a “neutral” rating in a research note on Wednesday. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, MSC Industrial Direct currently has a consensus rating of “Hold” and a consensus target price of $91.60.

About MSC Industrial Direct

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.