189,169 Shares in MSC Industrial Direct Company, Inc. $MSM Bought by Interval Partners LP

Interval Partners LP purchased a new stake in shares of MSC Industrial Direct Company, Inc. (NYSE:MSM) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 189,169 shares of the industrial products company’s stock, valued at approximately $15,909,000. Interval Partners LP owned about 0.34% of MSC Industrial Direct at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hantz Financial Services Inc. boosted its position in MSC Industrial Direct by 42.4% during the 4th quarter. Hantz Financial Services Inc. now owns 514 shares of the industrial products company’s stock worth $43,000 after buying an additional 153 shares during the period. Quarry LP boosted its position in MSC Industrial Direct by 71.7% during the 3rd quarter. Quarry LP now owns 503 shares of the industrial products company’s stock worth $46,000 after buying an additional 210 shares during the period. Kestra Advisory Services LLC acquired a new stake in MSC Industrial Direct during the 4th quarter worth approximately $48,000. EverSource Wealth Advisors LLC boosted its position in MSC Industrial Direct by 130.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 576 shares of the industrial products company’s stock worth $49,000 after buying an additional 326 shares during the period. Finally, Allworth Financial LP boosted its position in MSC Industrial Direct by 25.9% during the 4th quarter. Allworth Financial LP now owns 628 shares of the industrial products company’s stock worth $53,000 after buying an additional 129 shares during the period. 79.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on MSM shares. Weiss Ratings reiterated a “hold (c)” rating on shares of MSC Industrial Direct in a research report on Monday, April 27th. DA Davidson assumed coverage on shares of MSC Industrial Direct in a research report on Tuesday. They set a “buy” rating and a $145.00 target price on the stock. Finally, KeyCorp boosted their price target on shares of MSC Industrial Direct from $117.00 to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 2nd. Two analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $101.00.

MSC Industrial Direct Stock Performance

MSM opened at $115.04 on Thursday. The company has a current ratio of 1.73, a quick ratio of 0.78 and a debt-to-equity ratio of 0.14. The company’s fifty day moving average price is $105.50 and its two-hundred day moving average price is $94.46. MSC Industrial Direct Company, Inc. has a 1-year low of $78.80 and a 1-year high of $119.13. The company has a market cap of $6.42 billion, a price-to-earnings ratio of 30.92 and a beta of 0.84.

MSC Industrial Direct (NYSE:MSM) last released its quarterly earnings data on Wednesday, April 1st. The industrial products company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.02). MSC Industrial Direct had a return on equity of 16.06% and a net margin of 5.42%.The business had revenue of $917.77 million for the quarter, compared to analyst estimates of $931.69 million. During the same quarter in the previous year, the company posted $0.72 EPS. The business’s quarterly revenue was up 2.9% on a year-over-year basis. On average, analysts expect that MSC Industrial Direct Company, Inc. will post 4.35 EPS for the current fiscal year.

MSC Industrial Direct Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th will be issued a $0.87 dividend. The ex-dividend date is Wednesday, July 8th. This represents a $3.48 annualized dividend and a dividend yield of 3.0%. MSC Industrial Direct’s dividend payout ratio is currently 93.55%.

MSC Industrial Direct Profile

MSC Industrial Direct Co, Inc (NYSE: MSM) is a leading distributor of metalworking and maintenance, repair and operations (MRO) products serving a broad range of industrial customers across North America. The company offers an extensive portfolio of cutting tools, abrasives, measuring and inspection instruments, fasteners, safety supplies and other essential components used in manufacturing, metalworking and production environments. MSC delivers products through a multi-channel distribution network, including an extensive branch system, e-commerce platform and dedicated sales force.

In addition to its core product offerings, MSC Industrial Direct provides value-added services designed to improve productivity and reduce downtime for its customers.