Seizert Capital Partners LLC Lowers Stake in MSC Industrial Direct Co., Inc. (NYSE:MSM)

Seizert Capital Partners LLC cut its stake in MSC Industrial Direct Co., Inc. (NYSE:MSM - Free Report) by 99.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,384 shares of the industrial products company's stock after selling 358,399 shares during the quarter. Seizert Capital Partners LLC's holdings in MSC Industrial Direct were worth $253,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its stake in MSC Industrial Direct by 8.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,693,256 shares of the industrial products company's stock worth $126,469,000 after acquiring an additional 126,218 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of MSC Industrial Direct by 11.1% in the 3rd quarter. Pacer Advisors Inc. now owns 918,235 shares of the industrial products company's stock worth $79,023,000 after buying an additional 91,369 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of MSC Industrial Direct by 9.7% in the 4th quarter. Bank of New York Mellon Corp now owns 793,184 shares of the industrial products company's stock valued at $59,243,000 after purchasing an additional 70,076 shares in the last quarter. Disciplined Growth Investors Inc. MN boosted its stake 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 purchasing an additional 35,077 shares in the last quarter. Finally, Boston Trust Walden Corp boosted its position 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 valued at $46,166,000 after buying an additional 105,265 shares during the period. 79.26% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Several equities research analysts have weighed in 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. Wolfe Research began coverage on shares of MSC Industrial Direct in a research report on Thursday, January 16th. They issued an "outperform" rating and a $95.00 target price for the company. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, MSC Industrial Direct has an average rating of "Hold" and an average target price of $83.80.

MSC Industrial Direct Stock Up 2.7 %

NYSE:MSM traded up $2.14 on Friday, reaching $82.33. 632,953 shares of the stock traded hands, compared to its average volume of 593,280. The company has a market capitalization of $4.60 billion, a price-to-earnings ratio of 19.65 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. MSC Industrial Direct Co., Inc. has a 12 month low of $72.79 and a 12 month high of $100.35. The company's fifty day simple moving average is $80.41 and its 200 day simple moving average is $81.72.

MSC Industrial Direct (NYSE:MSM - Get Free Report) last announced its quarterly earnings results on Wednesday, January 8th. The industrial products company reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.73 by $0.13. MSC Industrial Direct had a net margin of 6.21% and a return on equity of 17.80%. The firm had revenue of $928.50 million during the quarter, compared to analyst estimates of $904.90 million. During the same period in the previous year, the business posted $1.25 earnings per share. The business's revenue for the quarter was down 2.7% on a year-over-year basis. Equities analysts predict that MSC Industrial Direct Co., Inc. will post 3.57 EPS for the current fiscal 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 of this dividend was Wednesday, January 15th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.13%. MSC Industrial Direct's dividend payout ratio 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.