MSC Industrial Direct Co., Inc. (NYSE:MSM) Shares Sold by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. decreased its position in shares of MSC Industrial Direct Co., Inc. (NYSE:MSM - Free Report) by 88.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,556 shares of the industrial products company's stock after selling 19,054 shares during the quarter. Coldstream Capital Management Inc.'s holdings in MSC Industrial Direct were worth $220,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in MSM. Advisors Asset Management Inc. increased its stake in shares of MSC Industrial Direct by 8,289.7% during the third quarter. Advisors Asset Management Inc. now owns 17,031 shares of the industrial products company's stock worth $1,466,000 after purchasing an additional 16,828 shares in the last quarter. Pathstone Holdings LLC raised its position in shares of MSC Industrial Direct by 36.4% during the 3rd quarter. Pathstone Holdings LLC now owns 23,114 shares of the industrial products company's stock valued at $1,989,000 after buying an additional 6,172 shares during the period. XTX Topco Ltd lifted its stake in shares of MSC Industrial Direct by 398.1% in the 3rd quarter. XTX Topco Ltd now owns 15,860 shares of the industrial products company's stock valued at $1,365,000 after purchasing an additional 12,676 shares during the last quarter. American Century Companies Inc. lifted its position in MSC Industrial Direct by 85.1% in the second quarter. American Century Companies Inc. now owns 2,733,228 shares of the industrial products company's stock valued at $216,772,000 after buying an additional 1,256,706 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of MSC Industrial Direct by 892.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 695 shares of the industrial products company's stock worth $60,000 after acquiring an additional 625 shares during the last quarter. 79.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on MSM shares. Robert W. Baird boosted their price objective on MSC Industrial Direct from $84.00 to $91.00 and gave the company a "neutral" rating in a report on Wednesday, October 16th. Stephens lowered 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 note on Wednesday, December 4th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of MSC Industrial Direct from $87.00 to $73.00 and set a "neutral" rating for the company in a research note on Friday, October 25th. Seven research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $85.20.

Insider Activity

In related news, CEO Erik Gershwind sold 50,000 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $90.36, for a total transaction of $4,518,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,402,849 shares of the company's stock, valued at $126,761,435.64. This represents a 3.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Philip Peller sold 900 shares of MSC Industrial Direct stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $89.07, for a total value of $80,163.00. Following the completion of the sale, the director now directly owns 4,044 shares in the company, valued at $360,199.08. This represents a 18.20 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 18.80% of the company's stock.

MSC Industrial Direct Stock Down 1.4 %

Shares of MSM traded down $1.17 during midday trading on Tuesday, hitting $81.32. The company had a trading volume of 414,981 shares, compared to its average volume of 575,434. The company's 50-day simple moving average is $83.57 and its 200-day simple moving average is $82.41. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.90 and a current ratio of 1.96. MSC Industrial Direct Co., Inc. has a 1 year low of $75.05 and a 1 year high of $104.76. The firm has a market capitalization of $4.55 billion, a P/E ratio of 17.76 and a beta of 0.89.

MSC Industrial Direct (NYSE:MSM - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The industrial products company reported $1.03 earnings per share for the quarter, missing analysts' consensus estimates of $1.08 by ($0.05). MSC Industrial Direct had a net margin of 6.77% and a return on equity of 19.35%. The firm had revenue of $952.30 million during the quarter, compared to analyst estimates of $959.74 million. During the same quarter in the previous year, the business posted $1.64 earnings per share. MSC Industrial Direct's revenue for the quarter was down 8.0% compared to the same quarter last year. As a group, sell-side analysts expect that MSC Industrial Direct Co., Inc. will post 3.63 EPS for the current year.

MSC Industrial Direct Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 4.18%. The ex-dividend date of this dividend was Wednesday, November 13th. This is an increase from MSC Industrial Direct's previous quarterly dividend of $0.83. MSC Industrial Direct's payout ratio is currently 74.24%.

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.