Frank Rimerman Advisors LLC Sells 198 Shares of MSC Industrial Direct Co., Inc. (NYSE:MSM)

Frank Rimerman Advisors LLC decreased its holdings in shares of MSC Industrial Direct Co., Inc. (NYSE:MSM) by 2.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,727 shares of the industrial products company’s stock after selling 198 shares during the period. Frank Rimerman Advisors LLC’s holdings in MSC Industrial Direct were worth $502,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MSM. First Horizon Advisors Inc. lifted its stake in MSC Industrial Direct by 53.0% during the third quarter. First Horizon Advisors Inc. now owns 407 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 141 shares during the period. Allworth Financial LP lifted its stake in MSC Industrial Direct by 412.0% during the fourth quarter. Allworth Financial LP now owns 425 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 342 shares during the period. UMB Bank n.a. raised its stake in shares of MSC Industrial Direct by 54.0% in the fourth quarter. UMB Bank n.a. now owns 476 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 167 shares during the last quarter. Synergy Asset Management LLC bought a new position in shares of MSC Industrial Direct in the fourth quarter valued at approximately $36,000. Finally, V Square Quantitative Management LLC raised its stake in shares of MSC Industrial Direct by 77.0% in the fourth quarter. V Square Quantitative Management LLC now owns 531 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 231 shares during the last quarter. Institutional investors own 79.26% of the company’s stock.

MSC Industrial Direct Stock Performance

MSM stock opened at $77.16 on Monday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.93 and a quick ratio of 0.91. The company has a 50 day moving average price of $80.63 and a 200 day moving average price of $81.55. MSC Industrial Direct Co., Inc. has a fifty-two week low of $72.79 and a fifty-two week high of $100.35. The stock has a market capitalization of $4.31 billion, a PE ratio of 18.41 and a beta of 0.90.

MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings data on Wednesday, January 8th. The industrial products company reported $0.86 earnings per share 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 analysts’ expectations of $904.90 million. During the same quarter in the previous year, the company posted $1.25 EPS. MSC Industrial Direct’s revenue was down 2.7% on a year-over-year basis. Analysts forecast that MSC Industrial Direct Co., Inc. will post 3.57 EPS for the current year.

MSC Industrial Direct Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th were given a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 4.41%. The ex-dividend date of this dividend was Wednesday, January 15th. MSC Industrial Direct’s dividend payout ratio (DPR) is presently 81.15%.

Analyst Upgrades and Downgrades

MSM has been the subject of a number of research analyst reports. Wolfe Research initiated coverage on shares of MSC Industrial Direct in a research note on Thursday, January 16th. They issued an “outperform” rating and a $95.00 target price for the company. Stephens cut shares of MSC Industrial Direct from an “overweight” rating to an “equal weight” rating and set a $85.00 target price for the company. in a research note on Wednesday, December 4th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $83.80.

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.