MSC Industrial Direct Company, Inc. (MSM) Shares Bought by Metropolitan Life Insurance Co. NY

Metropolitan Life Insurance Co. NY boosted its stake in MSC Industrial Direct Company, Inc. (NYSE:MSM) by 0.2% during the first quarter, Holdings Channel reports. The firm owned 42,507 shares of the industrial products company’s stock after buying an additional 71 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in MSC Industrial Direct Company were worth $4,368,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Morgan Dempsey Capital Management LLC raised its stake in MSC Industrial Direct Company by 3.5% in the first quarter. Morgan Dempsey Capital Management LLC now owns 1,093 shares of the industrial products company’s stock valued at $112,000 after buying an additional 37 shares during the period. Simplex Trading LLC purchased a new stake in MSC Industrial Direct Company during the first quarter valued at about $139,000. PNC Financial Services Group Inc. raised its stake in MSC Industrial Direct Company by 5.9% in the first quarter. PNC Financial Services Group Inc. now owns 1,569 shares of the industrial products company’s stock valued at $161,000 after buying an additional 88 shares during the period. Invictus RG raised its stake in MSC Industrial Direct Company by 796.7% in the first quarter. Invictus RG now owns 1,623 shares of the industrial products company’s stock valued at $167,000 after buying an additional 1,442 shares during the period. Finally, Parametrica Management Ltd purchased a new stake in MSC Industrial Direct Company during the first quarter valued at about $205,000. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Shares of MSC Industrial Direct Company, Inc. (NYSE:MSM) opened at 89.04 on Monday. The company has a market cap of $5.07 billion, a price-to-earnings ratio of 22.42 and a beta of 0.54. MSC Industrial Direct Company, Inc. has a one year low of $69.96 and a one year high of $105.70. The company’s 50-day moving average is $84.90 and its 200-day moving average is $94.50.

MSC Industrial Direct Company (NYSE:MSM) last announced its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.03. The company had revenue of $703.78 million for the quarter, compared to analyst estimates of $697.85 million. MSC Industrial Direct Company had a net margin of 8.19% and a return on equity of 19.39%. The firm’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.80 earnings per share. On average, equities analysts predict that MSC Industrial Direct Company, Inc. will post $4.03 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 1st. Shareholders of record on Tuesday, July 18th will be paid a $0.45 dividend. The ex-dividend date is Friday, July 14th. This represents a $1.80 annualized dividend and a yield of 2.02%. MSC Industrial Direct Company’s dividend payout ratio is currently 45.57%.

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Several equities research analysts have recently issued reports on MSM shares. Zacks Investment Research upgraded shares of MSC Industrial Direct Company from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a report on Thursday, June 8th. Raymond James Financial, Inc. upgraded shares of MSC Industrial Direct Company from a “market perform” rating to a “buy” rating and set a $103.00 target price for the company in a report on Wednesday, April 19th. Stifel Nicolaus restated a “hold” rating and issued a $88.00 target price (down previously from $92.00) on shares of MSC Industrial Direct Company in a report on Monday, June 12th. Credit Suisse Group upgraded shares of MSC Industrial Direct Company from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $92.00 to $100.00 in a report on Wednesday, April 19th. Finally, J P Morgan Chase & Co assumed coverage on shares of MSC Industrial Direct Company in a report on Friday, June 2nd. They set an “overweight” rating and a $91.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $94.92.

About MSC Industrial Direct Company

MSC Industrial Direct Co, Inc is a North American distributor of metalworking and maintenance, repair and operations (MRO) products and services. The Company’s range of MRO products include cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock, 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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Institutional Ownership by Quarter for MSC Industrial Direct Company (NYSE:MSM)

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