Sei Investments Co. Has $18.43 Million Position in MSC Industrial Direct Co., Inc. (NYSE:MSM)

Sei Investments Co. boosted its position in shares of MSC Industrial Direct Co., Inc. (NYSE:MSM - Free Report) by 7.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 246,741 shares of the industrial products company's stock after purchasing an additional 17,266 shares during the period. Sei Investments Co. owned about 0.44% of MSC Industrial Direct worth $18,429,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP raised its stake 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 valued at $35,000 after acquiring an additional 342 shares during the last quarter. UMB Bank n.a. increased 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 in the last quarter. Synergy Asset Management LLC bought a new position in MSC Industrial Direct in the 4th quarter valued at $36,000. V Square Quantitative Management LLC boosted its stake in MSC Industrial Direct by 77.0% in the fourth 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 in the last quarter. Finally, Sunbelt Securities Inc. grew its holdings in shares of MSC Industrial Direct by 38.4% during the third quarter. Sunbelt Securities Inc. now owns 962 shares of the industrial products company's stock worth $83,000 after purchasing an additional 267 shares during the last quarter. 79.26% of the stock is currently owned by institutional investors and hedge funds.

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MSC Industrial Direct Trading Up 0.0 %

MSM stock traded up $0.01 during midday trading on Tuesday, reaching $77.68. The stock had a trading volume of 665,159 shares, compared to its average volume of 615,407. The company has a quick ratio of 0.91, a current ratio of 1.93 and a debt-to-equity ratio of 0.21. MSC Industrial Direct Co., Inc. has a twelve month low of $72.79 and a twelve month high of $96.28. The firm has a market cap of $4.34 billion, a price-to-earnings ratio of 18.54 and a beta of 0.90. The business has a fifty day simple moving average of $79.95 and a two-hundred day simple moving average of $81.48.

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 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 business had revenue of $928.50 million during the quarter, compared to the consensus estimate of $904.90 million. During the same period in the previous year, the firm posted $1.25 earnings per share. MSC Industrial Direct's revenue for the quarter was down 2.7% compared to the same quarter last year. As a group, research analysts expect 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 disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be paid a dividend of $0.85 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.38%. MSC Industrial Direct's dividend payout ratio (DPR) is presently 81.15%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MSM. Wolfe Research initiated coverage on MSC Industrial Direct in a report on Thursday, January 16th. They issued an "outperform" rating and a $95.00 price target for the company. Stephens downgraded 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. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, MSC Industrial Direct presently has an average rating of "Hold" and an average price target of $83.80.

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.