MSC Industrial Direct Co., Inc. (NYSE:MSM) Shares Sold by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC lowered its position in shares of MSC Industrial Direct Co., Inc. (NYSE:MSM) by 40.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,995 shares of the industrial products company’s stock after selling 2,076 shares during the period. Impact Partnership Wealth LLC’s holdings in MSC Industrial Direct were worth $258,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Entropy Technologies LP acquired a new position in shares of MSC Industrial Direct during the first quarter worth $775,000. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of MSC Industrial Direct by 183.6% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 22,323 shares of the industrial products company’s stock valued at $2,142,000 after buying an additional 14,451 shares during the last quarter. Swedbank AB purchased a new stake in shares of MSC Industrial Direct in the first quarter valued at about $16,571,000. Sei Investments Co. raised its holdings in shares of MSC Industrial Direct by 7.4% in the first quarter. Sei Investments Co. now owns 130,123 shares of the industrial products company’s stock valued at $12,627,000 after buying an additional 8,971 shares during the last quarter. Finally, Capstone Investment Advisors LLC purchased a new stake in shares of MSC Industrial Direct in the first quarter valued at about $1,253,000. Institutional investors and hedge funds own 79.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on MSM shares. Robert W. Baird increased their price target on shares of MSC Industrial Direct from $84.00 to $91.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. cut their price target on shares of MSC Industrial Direct from $81.00 to $80.00 and set a “neutral” rating for the company in a report on Wednesday, July 3rd. Finally, Loop Capital cut their price target on shares of MSC Industrial Direct from $80.00 to $75.00 and set a “hold” rating for the company in a report on Wednesday, July 3rd. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $91.60.

MSC Industrial Direct Stock Down 3.8 %

MSM stock opened at $77.79 on Friday. The company’s 50 day simple moving average is $82.03 and its 200-day simple moving average is $84.47. The firm has a market capitalization of $4.37 billion, a PE ratio of 15.10 and a beta of 0.86. MSC Industrial Direct Co., Inc. has a 12 month low of $75.05 and a 12 month high of $104.76. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.01 and a quick ratio of 0.92.

MSC Industrial Direct Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be given a $0.85 dividend. The ex-dividend date is Wednesday, November 13th. This is a positive change from MSC Industrial Direct’s previous quarterly dividend of $0.83. This represents a $3.40 annualized dividend and a dividend yield of 4.37%. MSC Industrial Direct’s dividend payout ratio is currently 66.02%.

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.