Koshinski Asset Management Inc. Sells 616 Shares of MSC Industrial Direct Co., Inc. (NYSE:MSM)

Koshinski Asset Management Inc. decreased its position in shares of MSC Industrial Direct Co., Inc. (NYSE:MSM) by 9.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,773 shares of the industrial products company’s stock after selling 616 shares during the period. Koshinski Asset Management Inc.’s holdings in MSC Industrial Direct were worth $431,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MSM. V Square Quantitative Management LLC bought a new stake in MSC Industrial Direct during the 3rd quarter worth approximately $26,000. UMB Bank n.a. grew its holdings in MSC Industrial Direct by 442.1% during the 3rd quarter. UMB Bank n.a. now owns 309 shares of the industrial products company’s stock valued at $27,000 after buying an additional 252 shares in the last quarter. Quent Capital LLC grew its holdings in MSC Industrial Direct by 57.0% during the 3rd quarter. Quent Capital LLC now owns 372 shares of the industrial products company’s stock valued at $32,000 after buying an additional 135 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in MSC Industrial Direct by 53.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 407 shares of the industrial products company’s stock valued at $35,000 after buying an additional 141 shares in the last quarter. Finally, Matrix Trust Co grew its holdings in MSC Industrial Direct by 121.1% during the 3rd quarter. Matrix Trust Co now owns 462 shares of the industrial products company’s stock valued at $40,000 after buying an additional 253 shares in the last quarter. Institutional investors own 79.26% of the company’s stock.

Insiders Place Their Bets

In other MSC Industrial Direct news, Director Philip Peller sold 900 shares of MSC Industrial Direct stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $89.07, for a total transaction of $80,163.00. Following the completion of the transaction, the director now directly owns 4,044 shares of the company’s stock, valued at $360,199.08. The trade was a 18.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Erik Gershwind sold 50,000 shares of MSC Industrial Direct stock in a transaction on Monday, November 11th. The stock was sold at an average price of $90.36, for a total transaction of $4,518,000.00. Following the transaction, the chief executive officer now directly owns 1,402,849 shares of the company’s stock, valued at $126,761,435.64. The trade was a 3.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on MSM shares. JPMorgan Chase & Co. cut their price objective on shares of MSC Industrial Direct from $87.00 to $73.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Wolfe Research started coverage on shares of MSC Industrial Direct in a report on Thursday, January 16th. They set an “outperform” rating and a $95.00 price objective for the company. Stephens lowered shares of MSC Industrial Direct from an “overweight” rating to an “equal weight” rating and set a $85.00 price objective for the company. in a report on Wednesday, December 4th. Finally, Robert W. Baird raised their target price on shares of MSC Industrial Direct from $84.00 to $91.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, MSC Industrial Direct has a consensus rating of “Hold” and a consensus target price of $83.80.

MSC Industrial Direct Trading Up 0.2 %

MSM stock opened at $82.89 on Thursday. The firm has a fifty day moving average price of $81.26 and a 200 day moving average price of $82.01. MSC Industrial Direct Co., Inc. has a fifty-two week low of $72.79 and a fifty-two week high of $104.76. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 1.93. The firm has a market cap of $4.63 billion, a PE ratio of 19.78 and a beta of 0.91.

MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings data 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 company had revenue of $928.50 million during the quarter, compared to analyst estimates of $904.90 million. MSC Industrial Direct had a net margin of 6.21% and a return on equity of 17.80%. MSC Industrial Direct’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.25 earnings per share. Sell-side analysts anticipate that MSC Industrial Direct Co., Inc. will post 3.57 earnings per share for the current fiscal year.

MSC Industrial Direct Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 15th will be paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 4.10%. The ex-dividend date of this dividend is Wednesday, January 15th. 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.