2,889 Shares in MSC Industrial Direct Company, Inc. (MSM) Purchased by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC purchased a new stake in MSC Industrial Direct Company, Inc. (NYSE:MSM) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 2,889 shares of the industrial products company’s stock, valued at approximately $249,000.

Several other large investors also recently added to or reduced their stakes in MSM. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of MSC Industrial Direct by 8.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,539 shares of the industrial products company’s stock valued at $132,000 after purchasing an additional 123 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of MSC Industrial Direct by 0.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,577 shares of the industrial products company’s stock valued at $136,000 after purchasing an additional 8 shares during the period. Invictus RG boosted its position in shares of MSC Industrial Direct by 796.7% in the 1st quarter. Invictus RG now owns 1,623 shares of the industrial products company’s stock valued at $167,000 after purchasing an additional 1,442 shares during the period. Engineers Gate Manager LP acquired a new position in shares of MSC Industrial Direct in the 2nd quarter valued at $214,000. Finally, Cipher Capital LP acquired a new position in shares of MSC Industrial Direct in the 2nd quarter valued at $216,000. Institutional investors and hedge funds own 75.58% of the company’s stock.

MSM has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $99.00 price target for the company in a research report on Saturday, July 8th. Credit Suisse Group set a $93.00 price target on MSC Industrial Direct and gave the company a “buy” rating in a research report on Friday, October 6th. TheStreet lowered MSC Industrial Direct from a “b” rating to a “c+” rating in a research report on Wednesday, August 16th. Stifel Nicolaus reiterated a “hold” rating and issued a $78.00 price target (down previously from $88.00) on shares of MSC Industrial Direct in a research report on Friday, July 14th. Finally, KeyCorp reiterated a “hold” rating on shares of MSC Industrial Direct in a research report on Sunday, September 17th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. MSC Industrial Direct has an average rating of “Hold” and a consensus target price of $89.23.

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In other news, Director Philip Peller purchased 1,000 shares of the business’s stock in a transaction dated Wednesday, July 19th. The shares were bought at an average cost of $72.00 per share, for a total transaction of $72,000.00. Following the completion of the acquisition, the director now directly owns 2,422 shares in the company, valued at approximately $174,384. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 31.28% of the company’s stock.

Shares of MSC Industrial Direct Company, Inc. (MSM) opened at 74.44 on Thursday. MSC Industrial Direct Company, Inc. has a 1-year low of $65.42 and a 1-year high of $105.70. The stock has a market capitalization of $4.24 billion, a P/E ratio of 18.56 and a beta of 0.54. The stock’s 50 day moving average price is $71.99 and its 200-day moving average price is $80.73.

MSC Industrial Direct (NYSE:MSM) last issued its quarterly earnings results on Wednesday, July 12th. The industrial products company reported $1.09 EPS for the quarter, meeting analysts’ consensus estimates of $1.09. The company had revenue of $743.90 million for the quarter, compared to analyst estimates of $744.49 million. MSC Industrial Direct had a return on equity of 20.05% and a net margin of 8.07%. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.05 earnings per share. Equities research analysts anticipate that MSC Industrial Direct Company, Inc. will post $3.97 EPS for the current fiscal year.

MSC Industrial Direct Company Profile

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.

Institutional Ownership by Quarter for MSC Industrial Direct (NYSE:MSM)

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