First Trust Advisors LP Purchases 4,009 Shares of MSC Industrial Direct Co Inc (MSM)

First Trust Advisors LP grew its position in shares of MSC Industrial Direct Co Inc (NYSE:MSM) by 1.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 328,775 shares of the industrial products company’s stock after acquiring an additional 4,009 shares during the quarter. First Trust Advisors LP owned 0.58% of MSC Industrial Direct worth $27,897,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in MSM. Summit Trail Advisors LLC boosted its position in MSC Industrial Direct by 7,833.5% during the 1st quarter. Summit Trail Advisors LLC now owns 517,023 shares of the industrial products company’s stock worth $517,000 after acquiring an additional 510,506 shares during the last quarter. Prudential Financial Inc. raised its stake in shares of MSC Industrial Direct by 645.5% during the 1st quarter. Prudential Financial Inc. now owns 265,400 shares of the industrial products company’s stock worth $24,340,000 after purchasing an additional 229,798 shares in the last quarter. American Century Companies Inc. raised its stake in shares of MSC Industrial Direct by 10.2% during the 1st quarter. American Century Companies Inc. now owns 2,097,340 shares of the industrial products company’s stock worth $192,347,000 after purchasing an additional 193,659 shares in the last quarter. BlackRock Inc. raised its stake in shares of MSC Industrial Direct by 4.8% during the 1st quarter. BlackRock Inc. now owns 3,867,996 shares of the industrial products company’s stock worth $354,734,000 after purchasing an additional 178,523 shares in the last quarter. Finally, Old Mutual Global Investors UK Ltd. raised its stake in shares of MSC Industrial Direct by 461.5% during the 1st quarter. Old Mutual Global Investors UK Ltd. now owns 210,426 shares of the industrial products company’s stock worth $19,298,000 after purchasing an additional 172,953 shares in the last quarter. 77.10% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Mitchell Jacobson sold 8,796 shares of the stock in a transaction on Thursday, May 17th. The stock was sold at an average price of $94.91, for a total value of $834,828.36. Following the sale, the director now owns 4,398 shares in the company, valued at approximately $417,414.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Kari D. Heerdt sold 523 shares of the stock in a transaction on Tuesday, May 22nd. The shares were sold at an average price of $94.92, for a total value of $49,643.16. Following the completion of the sale, the senior vice president now owns 18,392 shares in the company, valued at approximately $1,745,768.64. The disclosure for this sale can be found here. In the last 90 days, insiders sold 170,875 shares of company stock worth $16,109,348. 31.38% of the stock is owned by company insiders.

MSM opened at $84.69 on Tuesday. MSC Industrial Direct Co Inc has a 1-year low of $65.42 and a 1-year high of $99.94. The company has a current ratio of 2.11, a quick ratio of 1.14 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $4.80 billion, a P/E ratio of 20.91, a price-to-earnings-growth ratio of 1.23 and a beta of 0.58.

MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings results on Wednesday, July 11th. The industrial products company reported $1.39 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.39. MSC Industrial Direct had a return on equity of 21.08% and a net margin of 10.16%. The business had revenue of $828.30 million for the quarter, compared to analysts’ expectations of $834.43 million. During the same quarter in the prior year, the business earned $1.09 EPS. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. equities analysts expect that MSC Industrial Direct Co Inc will post 5.08 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 24th. Investors of record on Tuesday, July 10th were paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date was Monday, July 9th. MSC Industrial Direct’s dividend payout ratio (DPR) is presently 57.28%.

MSM has been the topic of a number of analyst reports. Northcoast Research set a $95.00 price objective on MSC Industrial Direct and gave the stock a “buy” rating in a research note on Friday, July 13th. ValuEngine cut MSC Industrial Direct from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Zacks Investment Research upgraded MSC Industrial Direct from a “sell” rating to a “hold” rating in a research note on Sunday, July 15th. Wells Fargo & Co dropped their price objective on MSC Industrial Direct from $95.00 to $87.00 and set a “market perform” rating on the stock in a research note on Thursday, July 12th. Finally, BMO Capital Markets dropped their price objective on MSC Industrial Direct from $104.00 to $92.00 and set a “market perform” rating on the stock in a research note on Thursday, July 12th. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. MSC Industrial Direct has an average rating of “Hold” and a consensus price target of $101.23.

MSC Industrial Direct Company Profile

MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes various ranges of metalworking and maintenance, repair, and operations (MRO) products primarily 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, 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 (NYSE:MSM)

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