MSC Industrial Direct Company, Inc. $MSM Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp decreased its holdings in shares of MSC Industrial Direct Company, Inc. (NYSE:MSM) by 2.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 602,027 shares of the industrial products company’s stock after selling 14,526 shares during the period. Boston Trust Walden Corp’s holdings in MSC Industrial Direct were worth $51,184,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Clearstead Trust LLC bought a new position in MSC Industrial Direct in the first quarter worth about $25,000. Investment Management Corp VA ADV raised its stake in shares of MSC Industrial Direct by 207.8% during the first quarter. Investment Management Corp VA ADV now owns 397 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 268 shares in the last quarter. Neo Ivy Capital Management acquired a new position in MSC Industrial Direct during the 1st quarter valued at about $32,000. Farther Finance Advisors LLC increased its stake in MSC Industrial Direct by 895.0% during the 1st quarter. Farther Finance Advisors LLC now owns 597 shares of the industrial products company’s stock valued at $46,000 after buying an additional 537 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of MSC Industrial Direct by 47.1% in the first quarter. GAMMA Investing LLC now owns 681 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 218 shares in the last quarter. Institutional investors own 79.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on MSM. Loop Capital increased their target price on shares of MSC Industrial Direct from $74.00 to $84.00 and gave the company a “hold” rating in a research note on Wednesday, July 2nd. Robert W. Baird lifted their target price on MSC Industrial Direct from $84.00 to $95.00 and gave the stock a “neutral” rating in a report on Wednesday, July 2nd. Wolfe Research lowered MSC Industrial Direct from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, October 8th. Zacks Research lowered MSC Industrial Direct from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 5th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of MSC Industrial Direct in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, MSC Industrial Direct presently has an average rating of “Hold” and an average target price of $90.33.

MSC Industrial Direct Trading Up 0.3%

NYSE:MSM opened at $85.91 on Tuesday. The stock’s 50 day moving average price is $89.77 and its 200 day moving average price is $84.29. MSC Industrial Direct Company, Inc. has a 52 week low of $68.10 and a 52 week high of $94.31. The company has a market capitalization of $4.78 billion, a P/E ratio of 24.27 and a beta of 0.95. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 1.92.

MSC Industrial Direct Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th will be issued a dividend of $0.87 per share. The ex-dividend date is Wednesday, November 12th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.1%. This is an increase from MSC Industrial Direct’s previous quarterly dividend of $0.85. MSC Industrial Direct’s payout ratio is 96.05%.

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.