Charles Schwab Investment Management Inc. Purchases 126,218 Shares of MSC Industrial Direct Co., Inc. (NYSE:MSM)

Charles Schwab Investment Management Inc. lifted its stake in MSC Industrial Direct Co., Inc. (NYSE:MSM - Free Report) by 8.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,693,256 shares of the industrial products company's stock after buying an additional 126,218 shares during the period. Charles Schwab Investment Management Inc. owned about 3.03% of MSC Industrial Direct worth $126,469,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. First Horizon Advisors Inc. lifted its holdings in shares of MSC Industrial Direct by 53.0% during the third quarter. First Horizon Advisors Inc. now owns 407 shares of the industrial products company's stock valued at $35,000 after acquiring an additional 141 shares during the period. Allworth Financial LP increased its position 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 worth $35,000 after purchasing an additional 342 shares in the last quarter. UMB Bank n.a. lifted its holdings in MSC Industrial Direct by 54.0% during the 4th quarter. UMB Bank n.a. now owns 476 shares of the industrial products company's stock valued at $36,000 after purchasing an additional 167 shares during the last quarter. Synergy Asset Management LLC acquired a new position in MSC Industrial Direct in the fourth quarter valued at about $36,000. Finally, V Square Quantitative Management LLC grew its stake in 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 buying an additional 231 shares during the last quarter. Institutional investors own 79.26% of the company's stock.

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Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Stephens cut shares of MSC Industrial Direct from an "overweight" rating to an "equal weight" rating and set a $85.00 target price for the company. in a research note on Wednesday, December 4th. Wolfe Research assumed coverage on MSC Industrial Direct in a report on Thursday, January 16th. They set an "outperform" rating and a $95.00 price target for the company. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $83.80.

MSC Industrial Direct Trading Down 3.0 %

Shares of MSM traded down $2.39 on Wednesday, reaching $76.10. 308,696 shares of the company's stock were exchanged, compared to its average volume of 623,189. MSC Industrial Direct Co., Inc. has a 12 month low of $72.79 and a 12 month high of $100.35. The stock has a market capitalization of $4.25 billion, a P/E ratio of 18.18 and a beta of 0.90. 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 business has a 50 day moving average price of $80.64 and a two-hundred day moving average price of $81.69.

MSC Industrial Direct (NYSE:MSM - Get Free Report) last posted its quarterly earnings results 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. MSC Industrial Direct had a return on equity of 17.80% and a net margin of 6.21%. The business had revenue of $928.50 million for the quarter, compared to analyst estimates of $904.90 million. During the same period last year, the company earned $1.25 EPS. The firm's revenue was down 2.7% on a year-over-year basis. 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 business also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th were paid a $0.85 dividend. The ex-dividend date was Wednesday, January 15th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.47%. MSC Industrial Direct's dividend payout ratio (DPR) is presently 81.15%.

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.