MSC Industrial Direct Co., Inc. (NYSE:MSM) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its stake in MSC Industrial Direct Co., Inc. (NYSE:MSM - Free Report) by 16.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 32,796 shares of the industrial products company's stock after acquiring an additional 4,528 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.06% of MSC Industrial Direct worth $2,453,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. raised its position in MSC Industrial Direct by 7.8% in 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. grew its stake in shares of MSC Industrial Direct by 11.1% in the third quarter. Pacer Advisors Inc. now owns 918,235 shares of the industrial products company's stock valued at $79,023,000 after buying an additional 91,369 shares in the last quarter. Disciplined Growth Investors Inc. MN raised its holdings in shares of MSC Industrial Direct by 5.8% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 641,779 shares of the industrial products company's stock valued at $55,232,000 after buying an additional 35,077 shares during the period. Boston Trust Walden Corp lifted its stake in MSC Industrial Direct by 20.5% during the 4th quarter. Boston Trust Walden Corp now owns 618,103 shares of the industrial products company's stock worth $46,166,000 after acquiring an additional 105,265 shares in the last quarter. Finally, Seizert Capital Partners LLC boosted its holdings in MSC Industrial Direct by 3.3% during 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 acquiring an additional 11,585 shares during the period. 79.26% of the stock is currently owned by institutional investors and hedge funds.

MSC Industrial Direct Stock Up 1.2 %

Shares of MSC Industrial Direct stock traded up $0.98 during trading on Thursday, hitting $82.03. 320,873 shares of the stock were exchanged, compared to its average volume of 698,623. The stock has a market cap of $4.58 billion, a price-to-earnings ratio of 19.58 and a beta of 0.91. The firm's 50-day moving average price is $80.31 and its 200 day moving average price is $81.96. 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 12-month low of $72.79 and a 12-month high of $104.76.

MSC Industrial Direct (NYSE:MSM - Get Free Report) last released its quarterly earnings data on Wednesday, January 8th. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.13. The business had revenue of $928.50 million during 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 period in the prior year, the firm posted $1.25 EPS. As a group, analysts forecast that MSC Industrial Direct Co., Inc. will post 3.57 earnings per share for the current fiscal year.

MSC Industrial Direct Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th were issued a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 4.14%. The ex-dividend date of this dividend was Wednesday, January 15th. MSC Industrial Direct's payout ratio is 81.15%.

Wall Street Analysts Forecast Growth

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

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.