MSC Industrial Direct Co., Inc. (NYSE:MSM) Stock Holdings Decreased by Paradice Investment Management LLC

Paradice Investment Management LLC lowered its stake in MSC Industrial Direct Co., Inc. (NYSE:MSM) by 24.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 215,644 shares of the industrial products company’s stock after selling 68,265 shares during the period. MSC Industrial Direct accounts for approximately 3.2% of Paradice Investment Management LLC’s holdings, making the stock its 16th biggest holding. Paradice Investment Management LLC’s holdings in MSC Industrial Direct were worth $16,106,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its position in shares of MSC Industrial Direct by 7.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,567,038 shares of the industrial products company’s stock worth $134,859,000 after purchasing an additional 113,878 shares during the last quarter. Pacer Advisors Inc. grew its position in shares of MSC Industrial Direct by 11.1% during the 3rd quarter. Pacer Advisors Inc. now owns 918,235 shares of the industrial products company’s stock valued at $79,023,000 after buying an additional 91,369 shares during the last quarter. Disciplined Growth Investors Inc. MN grew its position in shares of MSC Industrial Direct by 5.8% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 641,779 shares of the industrial products company’s stock valued at $55,232,000 after buying an additional 35,077 shares during the last quarter. Boston Trust Walden Corp grew its position in shares of MSC Industrial Direct by 20.5% during the 4th quarter. Boston Trust Walden Corp now owns 618,103 shares of the industrial products company’s stock valued at $46,166,000 after buying an additional 105,265 shares during the last quarter. Finally, Seizert Capital Partners LLC grew its position in shares of MSC Industrial Direct by 3.3% during the 3rd quarter. Seizert Capital Partners LLC now owns 361,783 shares of the industrial products company’s stock valued at $31,135,000 after buying an additional 11,585 shares during the last quarter. Institutional investors own 79.26% of the company’s stock.

MSC Industrial Direct Stock Down 0.7 %

MSM stock opened at $81.42 on Tuesday. MSC Industrial Direct Co., Inc. has a 12 month low of $72.79 and a 12 month high of $104.76. The firm has a market cap of $4.55 billion, a PE ratio of 19.43 and a beta of 0.91. The firm has a 50 day simple moving average of $80.22 and a 200 day simple moving average of $81.79. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.93 and a quick ratio of 0.91.

MSC Industrial Direct (NYSE:MSM) last issued its quarterly earnings results on Wednesday, January 8th. The industrial products company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.73 by $0.13. The business had revenue of $928.50 million during the quarter, compared to the consensus estimate of $904.90 million. MSC Industrial Direct had a net margin of 6.21% and a return on equity of 17.80%. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.25 EPS. Equities research analysts forecast that MSC Industrial Direct Co., Inc. will post 3.57 earnings per share for the current fiscal year.

MSC Industrial Direct Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th were given a $0.85 dividend. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a $3.40 annualized dividend and a dividend yield of 4.18%. MSC Industrial Direct’s dividend payout ratio (DPR) is presently 81.15%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Stephens downgraded shares of MSC Industrial Direct from an “overweight” rating to an “equal weight” rating and set a $85.00 price objective for the company. in a research report on Wednesday, December 4th. Wolfe Research assumed coverage on shares of MSC Industrial Direct in a research report on Thursday, January 16th. They issued an “outperform” rating and a $95.00 target price for the company. Finally, JPMorgan Chase & Co. decreased their target price on shares of MSC Industrial Direct from $87.00 to $73.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $83.80.

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.