Venturi Wealth Management LLC Purchases 2,747 Shares of MSC Industrial Direct Co., Inc. (NYSE:MSM)

Venturi Wealth Management LLC raised its position in MSC Industrial Direct Co., Inc. (NYSE:MSM) by 2,543.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,855 shares of the industrial products company’s stock after buying an additional 2,747 shares during the quarter. Venturi Wealth Management LLC’s holdings in MSC Industrial Direct were worth $213,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. First Horizon Advisors Inc. boosted its stake in shares of MSC Industrial Direct by 53.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 407 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 141 shares in the last quarter. Allworth Financial LP boosted its stake in shares of MSC Industrial Direct by 412.0% in the 4th quarter. Allworth Financial LP now owns 425 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 342 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of MSC Industrial Direct by 54.0% in the 4th quarter. UMB Bank n.a. now owns 476 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 167 shares in the last quarter. Synergy Asset Management LLC acquired a new stake in shares of MSC Industrial Direct in the 4th quarter valued at approximately $36,000. Finally, V Square Quantitative Management LLC boosted its stake in shares of MSC Industrial Direct by 77.0% in the 4th quarter. V Square Quantitative Management LLC now owns 531 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 231 shares in the last quarter. 79.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

MSM has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reduced their price target on shares of MSC Industrial Direct from $87.00 to $73.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Stephens downgraded shares of MSC Industrial Direct from an “overweight” rating to an “equal weight” rating and set a $85.00 target price on the stock. in a research report on Wednesday, December 4th. Finally, Wolfe Research began coverage on shares of MSC Industrial Direct in a research report on Thursday, January 16th. They set an “outperform” rating and a $95.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, MSC Industrial Direct has a consensus rating of “Hold” and a consensus price target of $83.80.

MSC Industrial Direct Stock Down 2.8 %

MSC Industrial Direct stock opened at $80.68 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 1.93. MSC Industrial Direct Co., Inc. has a 52-week low of $72.79 and a 52-week high of $104.76. The firm has a 50 day moving average price of $80.11 and a two-hundred day moving average price of $81.80. The firm has a market cap of $4.51 billion, a price-to-earnings ratio of 19.26 and a beta of 0.91.

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

MSC Industrial Direct Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 15th were issued a dividend of $0.85 per share. The ex-dividend date was Wednesday, January 15th. This represents a $3.40 annualized dividend and a yield of 4.21%. MSC Industrial Direct’s payout ratio is 81.15%.

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.