MSC Industrial Direct Co., Inc. (NYSE:MSM) Holdings Lowered by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. cut its holdings in shares of MSC Industrial Direct Co., Inc. (NYSE:MSM - Free Report) by 34.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 91,557 shares of the industrial products company's stock after selling 48,031 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.16% of MSC Industrial Direct worth $6,838,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Headlands Technologies LLC bought a new position in MSC Industrial Direct during the 4th quarter worth approximately $25,000. Allworth Financial LP lifted its stake in MSC Industrial Direct by 412.0% during the fourth quarter. Allworth Financial LP now owns 425 shares of the industrial products company's stock worth $35,000 after purchasing an additional 342 shares during the last quarter. UMB Bank n.a. boosted its holdings in MSC Industrial Direct by 54.0% in the fourth quarter. UMB Bank n.a. now owns 476 shares of the industrial products company's stock worth $36,000 after purchasing an additional 167 shares during the period. Synergy Asset Management LLC bought a new stake in MSC Industrial Direct during the fourth quarter valued at $36,000. Finally, V Square Quantitative Management LLC raised its holdings in shares of MSC Industrial Direct by 77.0% during the fourth quarter. V Square Quantitative Management LLC now owns 531 shares of the industrial products company's stock worth $40,000 after purchasing an additional 231 shares during the period. 79.26% of the stock is owned by institutional investors and hedge funds.

MSC Industrial Direct Price Performance

MSM traded down $0.62 on Friday, reaching $77.38. The company had a trading volume of 40,376 shares, compared to its average volume of 634,767. MSC Industrial Direct Co., Inc. has a one year low of $68.10 and a one year high of $94.31. The company has a market capitalization of $4.31 billion, a P/E ratio of 18.46 and a beta of 0.89. The company has a fifty day moving average of $77.64 and a 200-day moving average of $80.37. The company has a current ratio of 1.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21.

MSC Industrial Direct (NYSE:MSM - Get Free Report) last posted its quarterly earnings data on Thursday, April 3rd. The industrial products company reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.04. MSC Industrial Direct had a net margin of 6.21% and a return on equity of 17.80%. The business had revenue of $891.70 million for the quarter, compared to analyst estimates of $908.30 million. During the same quarter last year, the business earned $1.18 earnings per share. The business's revenue for the quarter was down 4.7% on a year-over-year basis. As a group, equities research analysts anticipate that MSC Industrial Direct Co., Inc. will post 3.57 earnings per share for the current year.

MSC Industrial Direct Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th were given a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 4.39%. The ex-dividend date of this dividend was Wednesday, April 9th. MSC Industrial Direct's dividend payout ratio (DPR) is presently 89.71%.

Analysts Set New Price Targets

MSM has been the subject of a number of research reports. Loop Capital decreased their target price on MSC Industrial Direct from $83.00 to $74.00 and set a "hold" rating for the company in a research note on Friday, April 4th. Wolfe Research raised shares of MSC Industrial Direct to a "strong-buy" rating in a research note on Sunday, April 6th. Finally, Robert W. Baird decreased their target price on shares of MSC Industrial Direct from $90.00 to $84.00 and set a "neutral" rating for the company in a research report on Friday, April 4th. Seven equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $82.20.

Insider Buying and Selling at MSC Industrial Direct

In other MSC Industrial Direct news, Director Mitchell Jacobson bought 27,642 shares of the company's stock in a transaction that occurred on Tuesday, April 8th. The shares were acquired at an average cost of $69.77 per share, for a total transaction of $1,928,582.34. Following the acquisition, the director now directly owns 1,951,725 shares of the company's stock, valued at $136,171,853.25. This trade represents a 1.44 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. 18.30% of the stock is owned by corporate insiders.

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.