GHP Investment Advisors Inc. Has $2.22 Million Holdings in MSC Industrial Direct Co., Inc. (NYSE:MSM)

GHP Investment Advisors Inc. grew its holdings in MSC Industrial Direct Co., Inc. (NYSE:MSM - Free Report) by 30.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 29,666 shares of the industrial products company's stock after buying an additional 6,973 shares during the quarter. GHP Investment Advisors Inc. owned approximately 0.05% of MSC Industrial Direct worth $2,216,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new stake in shares of MSC Industrial Direct in the third quarter valued at $26,000. UMB Bank n.a. increased its stake in shares of MSC Industrial Direct by 442.1% in the third quarter. UMB Bank n.a. now owns 309 shares of the industrial products company's stock valued at $27,000 after buying an additional 252 shares in the last quarter. First Horizon Advisors Inc. increased its stake in shares of MSC Industrial Direct by 53.0% in the third quarter. First Horizon Advisors Inc. now owns 407 shares of the industrial products company's stock valued at $35,000 after buying an additional 141 shares in the last quarter. Matrix Trust Co increased its stake in shares of MSC Industrial Direct by 121.1% in the third quarter. Matrix Trust Co now owns 462 shares of the industrial products company's stock valued at $40,000 after buying an additional 253 shares in the last quarter. Finally, Synergy Asset Management LLC acquired a new stake in shares of MSC Industrial Direct in the fourth quarter valued at $36,000. 79.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MSM has been the subject of a number of research reports. Robert W. Baird raised their target price on MSC Industrial Direct from $84.00 to $91.00 and gave the company a "neutral" rating in a research note on Wednesday, October 16th. Stephens lowered MSC Industrial Direct from an "overweight" rating to an "equal weight" rating and set a $85.00 price objective for the company. in a research report on Wednesday, December 4th. Wolfe Research began coverage on MSC Industrial Direct in a research report on Thursday, January 16th. They issued an "outperform" rating and a $95.00 price objective for the company. Finally, JPMorgan Chase & Co. lowered their price objective on MSC Industrial Direct from $87.00 to $73.00 and set a "neutral" rating for the company in a research report on Friday, October 25th. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, MSC Industrial Direct presently has an average rating of "Hold" and an average price target of $83.80.

MSC Industrial Direct Stock Up 0.3 %

Shares of NYSE:MSM traded up $0.21 during trading on Monday, hitting $80.43. 167,455 shares of the company's stock traded hands, compared to its average volume of 731,145. MSC Industrial Direct Co., Inc. has a 52 week low of $72.79 and a 52 week high of $104.76. The company has a current ratio of 1.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21. The company has a market cap of $4.49 billion, a price-to-earnings ratio of 19.16 and a beta of 0.91. The company has a 50-day moving average price of $80.54 and a 200-day moving average price of $82.05.

MSC Industrial Direct (NYSE:MSM - Get Free Report) last released its earnings results on Wednesday, January 8th. The industrial products company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.73 by $0.13. The firm had revenue of $928.50 million for the quarter, compared to analysts' expectations 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 quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.25 EPS. As a group, research 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 declared a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 15th were given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 4.23%. The ex-dividend date was Wednesday, January 15th. MSC Industrial Direct's dividend payout ratio (DPR) is 81.15%.

Insiders Place Their Bets

In related news, Director Philip Peller sold 900 shares of the business's stock in a transaction on Wednesday, November 13th. The stock was 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. The trade was a 18.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 18.30% of the company's stock.

About MSC Industrial Direct

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.