MSC Industrial Direct Co., Inc. (NYSE:MSM) Position Trimmed by Legacy Financial Advisors Inc.

Legacy Financial Advisors Inc. lowered its holdings in MSC Industrial Direct Co., Inc. (NYSE:MSM - Free Report) by 40.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,195 shares of the industrial products company's stock after selling 4,172 shares during the period. Legacy Financial Advisors Inc.'s holdings in MSC Industrial Direct were worth $463,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Headlands Technologies LLC purchased a new stake in shares of MSC Industrial Direct during the 4th quarter worth about $25,000. Allworth Financial LP increased its position in shares of MSC Industrial Direct by 412.0% in the fourth quarter. Allworth Financial LP now owns 425 shares of the industrial products company's stock worth $35,000 after acquiring an additional 342 shares in the last quarter. UMB Bank n.a. raised its stake in shares of MSC Industrial Direct by 54.0% in the 4th quarter. UMB Bank n.a. now owns 476 shares of the industrial products company's stock valued at $36,000 after acquiring an additional 167 shares during the period. Synergy Asset Management LLC acquired a new position in shares of MSC Industrial Direct during the 4th quarter valued at $36,000. Finally, V Square Quantitative Management LLC boosted its position in 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 worth $40,000 after purchasing an additional 231 shares during the period. 79.26% of the stock is currently owned by institutional investors and hedge funds.

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MSC Industrial Direct Stock Performance

Shares of NYSE:MSM traded down $0.88 during trading hours on Tuesday, hitting $77.10. The stock had a trading volume of 550,274 shares, compared to its average volume of 630,786. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 1.93. The stock's fifty day simple moving average is $78.35 and its 200 day simple moving average is $80.73. The firm has a market capitalization of $4.30 billion, a price-to-earnings ratio of 18.40 and a beta of 0.89. MSC Industrial Direct Co., Inc. has a 1-year low of $68.10 and a 1-year high of $94.31.

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 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $908.30 million. During the same period last year, the firm posted $1.18 earnings per share. The business's revenue was down 4.7% on a year-over-year basis. Sell-side analysts anticipate that MSC Industrial Direct Co., Inc. will post 3.57 earnings per share for the current fiscal year.

MSC Industrial Direct Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be given a $0.85 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $3.40 annualized dividend and a yield of 4.41%. MSC Industrial Direct's dividend payout ratio (DPR) is 89.71%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at MSC Industrial Direct

In related news, Director Mitchell Jacobson bought 27,642 shares of MSC Industrial Direct stock in a transaction dated Tuesday, April 8th. The stock was acquired at an average cost of $69.77 per share, with a total value of $1,928,582.34. Following the completion of the acquisition, the director now directly owns 1,951,725 shares in the company, valued at approximately $136,171,853.25. This trade represents a 1.44 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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.