Crawford Investment Counsel Inc. raised its holdings in shares of MSC Industrial Direct Co Inc (NYSE:MSM) by 45.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 41,380 shares of the industrial products company’s stock after purchasing an additional 12,920 shares during the period. Crawford Investment Counsel Inc. owned 0.07% of MSC Industrial Direct worth $3,646,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. BlackRock Inc. grew its holdings in shares of MSC Industrial Direct by 0.8% during the third quarter. BlackRock Inc. now owns 4,040,845 shares of the industrial products company’s stock valued at $356,039,000 after buying an additional 32,419 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of MSC Industrial Direct by 22.7% during the third quarter. American Century Companies Inc. now owns 2,973,375 shares of the industrial products company’s stock valued at $261,984,000 after buying an additional 549,641 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of MSC Industrial Direct by 1.2% during the third quarter. JPMorgan Chase & Co. now owns 2,667,322 shares of the industrial products company’s stock valued at $235,017,000 after buying an additional 31,846 shares during the last quarter. Ashler Capital LLC grew its holdings in shares of MSC Industrial Direct by 6.9% during the second quarter. Ashler Capital LLC now owns 2,487,013 shares of the industrial products company’s stock valued at $211,023,000 after buying an additional 160,053 shares during the last quarter. Finally, Schroder Investment Management Group grew its holdings in shares of MSC Industrial Direct by 7.5% during the second quarter. Schroder Investment Management Group now owns 986,268 shares of the industrial products company’s stock valued at $84,001,000 after buying an additional 68,896 shares during the last quarter. 76.51% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have recently commented on MSM shares. Zacks Investment Research cut shares of MSC Industrial Direct from a “hold” rating to a “sell” rating in a report on Tuesday, September 11th. Buckingham Research started coverage on shares of MSC Industrial Direct in a report on Friday, October 12th. They set a “neutral” rating and a $89.00 price target on the stock. Finally, Gordon Haskett started coverage on shares of MSC Industrial Direct in a report on Friday, October 12th. They set a “buy” rating on the stock. Ten research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. MSC Industrial Direct has an average rating of “Hold” and an average target price of $100.00.
Shares of MSM stock opened at $86.03 on Friday. MSC Industrial Direct Co Inc has a 12-month low of $75.34 and a 12-month high of $99.94. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.28 and a current ratio of 2.34. The company has a market capitalization of $4.86 billion, a P/E ratio of 16.94, a P/E/G ratio of 0.98 and a beta of 0.64.
MSC Industrial Direct (NYSE:MSM) last issued its earnings results on Tuesday, October 30th. The industrial products company reported $1.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.29 by $0.03. MSC Industrial Direct had a net margin of 10.28% and a return on equity of 21.36%. The company had revenue of $838.00 million for the quarter, compared to analysts’ expectations of $838.88 million. During the same quarter last year, the company posted $1.07 earnings per share. The firm’s quarterly revenue was up 11.2% on a year-over-year basis. As a group, equities analysts predict that MSC Industrial Direct Co Inc will post 5.9 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 27th. Investors of record on Tuesday, November 13th will be issued a $0.63 dividend. The ex-dividend date is Friday, November 9th. This represents a $2.52 annualized dividend and a yield of 2.93%. This is a boost from MSC Industrial Direct’s previous quarterly dividend of $0.58. MSC Industrial Direct’s dividend payout ratio (DPR) is currently 49.61%.
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MSC Industrial Direct Company Profile
MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes metalworking and maintenance, repair, and operations (MRO) products in the United States, Canada, and the United Kingdom. The company's MRO products comprise 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.
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