MSC Industrial Direct Co., Inc. (NYSE:MSM) Shares Purchased by New York State Common Retirement Fund

New York State Common Retirement Fund grew its holdings in shares of MSC Industrial Direct Co., Inc. (NYSE:MSM) by 40.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 144,293 shares of the industrial products company’s stock after purchasing an additional 41,700 shares during the period. New York State Common Retirement Fund’s holdings in MSC Industrial Direct were worth $10,777,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Advisors Asset Management Inc. boosted its holdings in MSC Industrial Direct by 8,289.7% during the third quarter. Advisors Asset Management Inc. now owns 17,031 shares of the industrial products company’s stock worth $1,466,000 after buying an additional 16,828 shares in the last quarter. Barclays PLC boosted its stake in shares of MSC Industrial Direct by 36.9% during the 3rd quarter. Barclays PLC now owns 25,490 shares of the industrial products company’s stock worth $2,195,000 after acquiring an additional 6,864 shares in the last quarter. Pathstone Holdings LLC grew its holdings in shares of MSC Industrial Direct by 36.4% in the 3rd quarter. Pathstone Holdings LLC now owns 23,114 shares of the industrial products company’s stock worth $1,989,000 after acquiring an additional 6,172 shares during the last quarter. XTX Topco Ltd raised its position in shares of MSC Industrial Direct by 398.1% during the third quarter. XTX Topco Ltd now owns 15,860 shares of the industrial products company’s stock worth $1,365,000 after purchasing an additional 12,676 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in shares of MSC Industrial Direct by 892.9% during the third quarter. Farther Finance Advisors LLC now owns 695 shares of the industrial products company’s stock valued at $60,000 after purchasing an additional 625 shares during the last quarter. Institutional investors and hedge funds own 79.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Wolfe Research initiated coverage on MSC Industrial Direct in a research note on Thursday, January 16th. They issued an “outperform” rating and a $95.00 price target on the stock. 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. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $83.80.

MSC Industrial Direct Trading Down 1.9 %

Shares of NYSE MSM opened at $79.18 on Tuesday. The company has a current ratio of 1.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21. MSC Industrial Direct Co., Inc. has a one year low of $72.79 and a one year high of $104.76. The business has a 50-day moving average price of $80.05 and a two-hundred day moving average price of $81.81. The firm has a market capitalization of $4.42 billion, a PE ratio of 18.90 and a beta of 0.91.

MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings results on Wednesday, January 8th. The industrial products company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.73 by $0.13. The business had revenue of $928.50 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the company posted $1.25 earnings per share. As a group, analysts predict that MSC Industrial Direct Co., Inc. will post 3.57 earnings per share for the current fiscal year.

MSC Industrial Direct Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th were paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date of this dividend was Wednesday, January 15th. MSC Industrial Direct’s dividend payout ratio (DPR) is presently 81.15%.

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.