MSC Industrial Direct Co., Inc. (NYSE:MSM) Shares Sold by Fuller & Thaler Asset Management Inc.

Fuller & Thaler Asset Management Inc. trimmed its position in MSC Industrial Direct Co., Inc. (NYSE:MSM - Free Report) by 0.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 556,892 shares of the industrial products company's stock after selling 5,145 shares during the period. Fuller & Thaler Asset Management Inc. owned 1.00% of MSC Industrial Direct worth $41,594,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in MSM. Headlands Technologies LLC purchased a new stake in shares of MSC Industrial Direct in the 4th quarter worth approximately $25,000. Allworth Financial LP lifted its holdings in shares of MSC Industrial Direct by 412.0% during the 4th quarter. Allworth Financial LP now owns 425 shares of the industrial products company's stock valued at $35,000 after buying an additional 342 shares during the period. UMB Bank n.a. boosted its position 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 last quarter. Synergy Asset Management LLC bought a new stake in shares of MSC Industrial Direct during the 4th quarter valued at about $36,000. Finally, V Square Quantitative Management LLC increased its position in shares of MSC Industrial Direct by 77.0% during the 4th quarter. V Square Quantitative Management LLC now owns 531 shares of the industrial products company's stock valued at $40,000 after purchasing an additional 231 shares during the last quarter. Institutional investors own 79.26% of the company's stock.

MSC Industrial Direct Trading Down 0.5 %

Shares of MSM stock traded down $0.38 during trading hours on Friday, reaching $77.62. 300,604 shares of the stock were exchanged, compared to its average volume of 638,465. The firm has a market capitalization of $4.33 billion, a price-to-earnings ratio of 18.53 and a beta of 0.89. MSC Industrial Direct Co., Inc. has a 12-month low of $68.10 and a 12-month high of $94.31. The company's 50-day moving average price is $77.54 and its 200-day moving average price is $80.35. 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 issued its earnings results on Thursday, April 3rd. The industrial products company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.04. The business had revenue of $891.70 million during the quarter, compared to analysts' expectations of $908.30 million. MSC Industrial Direct had a return on equity of 17.80% and a net margin of 6.21%. The business's revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.18 EPS. As a group, equities 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. Stockholders of record on Wednesday, April 9th were given a $0.85 dividend. The ex-dividend date of this dividend was Wednesday, April 9th. This represents a $3.40 annualized dividend and a dividend yield of 4.38%. MSC Industrial Direct's payout ratio is presently 89.71%.

Analysts Set New Price Targets

MSM has been the topic of several analyst reports. Loop Capital dropped their price target on shares of MSC Industrial Direct from $83.00 to $74.00 and set a "hold" rating on the stock in a research note on Friday, April 4th. Wolfe Research raised shares of MSC Industrial Direct to a "strong-buy" rating in a report on Sunday, April 6th. Finally, Robert W. Baird cut their price target on MSC Industrial Direct from $90.00 to $84.00 and set a "neutral" rating for the company in a report on Friday, April 4th. Seven equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, MSC Industrial Direct presently has an average rating of "Hold" and a consensus price target of $82.20.

Insider Activity

In other news, Director Mitchell Jacobson bought 27,642 shares of the stock in a transaction on Tuesday, April 8th. The stock was bought at an average cost of $69.77 per share, for a total transaction of $1,928,582.34. Following the completion of the purchase, the director now directly owns 1,951,725 shares in the company, valued at approximately $136,171,853.25. The trade was a 1.44 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 18.30% of the company's stock.

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.