12,450 Shares in MSC Industrial Direct Co., Inc. (NYSE:MSM) Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. purchased a new stake in shares of MSC Industrial Direct Co., Inc. (NYSE:MSM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 12,450 shares of the industrial products company's stock, valued at approximately $930,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in shares of MSC Industrial Direct during the fourth quarter valued at approximately $4,871,000. Proficio Capital Partners LLC bought a new stake in MSC Industrial Direct in the fourth quarter valued at $920,000. Charles Schwab Investment Management Inc. increased its position in MSC Industrial Direct by 8.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,693,256 shares of the industrial products company's stock valued at $126,469,000 after purchasing an additional 126,218 shares during the period. LGT Group Foundation raised its holdings in MSC Industrial Direct by 3.2% in the 4th quarter. LGT Group Foundation now owns 101,563 shares of the industrial products company's stock worth $7,586,000 after purchasing an additional 3,164 shares in the last quarter. Finally, Levin Capital Strategies L.P. purchased a new stake in shares of MSC Industrial Direct in the 4th quarter worth about $224,000. Institutional investors own 79.26% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on MSM shares. Stephens cut shares of MSC Industrial Direct from an "overweight" rating to an "equal weight" rating and set a $85.00 price target on the stock. in a research report on Wednesday, December 4th. Wolfe Research began coverage on MSC Industrial Direct in a report on Thursday, January 16th. They set an "outperform" rating and a $95.00 target price on the stock. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $83.80.

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MSC Industrial Direct Trading Down 2.4 %

NYSE:MSM opened at $78.72 on Wednesday. The firm has a market capitalization of $4.40 billion, a P/E ratio of 18.79 and a beta of 0.90. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.93 and a quick ratio of 0.91. MSC Industrial Direct Co., Inc. has a one year low of $72.79 and a one year high of $100.35. The company's 50-day simple moving average is $80.64 and its 200 day simple moving average is $81.69.

MSC Industrial Direct (NYSE:MSM - Get Free Report) last issued its quarterly earnings results on Wednesday, January 8th. The industrial products company reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.73 by $0.13. MSC Industrial Direct had a return on equity of 17.80% and a net margin of 6.21%. The firm had revenue of $928.50 million for the quarter, compared to analysts' expectations of $904.90 million. During the same period in the previous year, the firm posted $1.25 EPS. The business's revenue for the quarter was down 2.7% compared to the same quarter last year. As a group, analysts forecast that MSC Industrial Direct Co., Inc. will post 3.57 EPS for the current fiscal year.

MSC Industrial Direct Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th were paid a $0.85 dividend. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.32%. MSC Industrial Direct's dividend payout ratio is currently 81.15%.

MSC Industrial Direct Profile

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.

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