Bank of New York Mellon Corp Purchases 70,076 Shares of MSC Industrial Direct Co., Inc. (NYSE:MSM)

Bank of New York Mellon Corp boosted its holdings in MSC Industrial Direct Co., Inc. (NYSE:MSM - Free Report) by 9.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 793,184 shares of the industrial products company's stock after buying an additional 70,076 shares during the period. Bank of New York Mellon Corp owned approximately 1.42% of MSC Industrial Direct worth $59,243,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. increased its position in shares of MSC Industrial Direct by 7.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,567,038 shares of the industrial products company's stock valued at $134,859,000 after purchasing an additional 113,878 shares during the period. Pacer Advisors Inc. increased its position in shares of MSC Industrial Direct by 11.1% during the third quarter. Pacer Advisors Inc. now owns 918,235 shares of the industrial products company's stock valued at $79,023,000 after purchasing an additional 91,369 shares during the period. Disciplined Growth Investors Inc. MN increased its position in shares of MSC Industrial Direct by 5.8% during the third quarter. Disciplined Growth Investors Inc. MN now owns 641,779 shares of the industrial products company's stock valued at $55,232,000 after purchasing an additional 35,077 shares during the period. Boston Trust Walden Corp increased its position in shares of MSC Industrial Direct by 20.5% during the fourth quarter. Boston Trust Walden Corp now owns 618,103 shares of the industrial products company's stock valued at $46,166,000 after purchasing an additional 105,265 shares during the period. Finally, Seizert Capital Partners LLC boosted its stake in MSC Industrial Direct by 3.3% in the 3rd quarter. Seizert Capital Partners LLC now owns 361,783 shares of the industrial products company's stock valued at $31,135,000 after buying an additional 11,585 shares in the last quarter. 79.26% of the stock is owned by institutional investors.

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MSC Industrial Direct Price Performance

MSC Industrial Direct stock traded up $2.14 on Friday, reaching $82.33. The company's stock had a trading volume of 632,953 shares, compared to its average volume of 592,398. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 1.93. The company has a market cap of $4.60 billion, a price-to-earnings ratio of 19.65 and a beta of 0.91. The business's fifty day moving average price is $80.26 and its 200 day moving average price is $81.71. MSC Industrial Direct Co., Inc. has a twelve month low of $72.79 and a twelve month high of $100.69.

MSC Industrial Direct (NYSE:MSM - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $928.50 million for the quarter, compared to analyst estimates of $904.90 million. MSC Industrial Direct had a return on equity of 17.80% and a net margin of 6.21%. The business's revenue was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.25 earnings per share. Equities analysts expect that MSC Industrial Direct Co., Inc. will post 3.57 earnings per share for the current fiscal year.

MSC Industrial Direct Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 15th were paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date was Wednesday, January 15th. MSC Industrial Direct's dividend payout ratio is currently 81.15%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MSM. Wolfe Research began coverage on MSC Industrial Direct in a research note on Thursday, January 16th. They issued an "outperform" rating and a $95.00 price target on the stock. Stephens lowered 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 note on Wednesday, December 4th. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, MSC Industrial Direct currently has an average rating of "Hold" and an average price target of $83.80.

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.