MSC Industrial Direct Co., Inc. (NYSE:MSM) Shares Purchased by Seizert Capital Partners LLC

Seizert Capital Partners LLC grew its position in MSC Industrial Direct Co., Inc. (NYSE:MSM - Free Report) by 3.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 361,783 shares of the industrial products company's stock after buying an additional 11,585 shares during the quarter. Seizert Capital Partners LLC owned 0.65% of MSC Industrial Direct worth $31,135,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. American Century Companies Inc. lifted its position in shares of MSC Industrial Direct by 85.1% during the second quarter. American Century Companies Inc. now owns 2,733,228 shares of the industrial products company's stock worth $216,772,000 after purchasing an additional 1,256,706 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in MSC Industrial Direct by 7.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 938,980 shares of the industrial products company's stock valued at $74,467,000 after buying an additional 61,022 shares during the period. Bank of New York Mellon Corp grew its stake in shares of MSC Industrial Direct by 12.5% in the second quarter. Bank of New York Mellon Corp now owns 765,578 shares of the industrial products company's stock worth $60,718,000 after acquiring an additional 84,967 shares in the last quarter. Disciplined Growth Investors Inc. MN increased its position in shares of MSC Industrial Direct by 1.9% during the second quarter. Disciplined Growth Investors Inc. MN now owns 606,702 shares of the industrial products company's stock worth $48,118,000 after acquiring an additional 11,257 shares during the period. Finally, Hennessy Advisors Inc. raised its stake in shares of MSC Industrial Direct by 18.1% in the second quarter. Hennessy Advisors Inc. now owns 288,100 shares of the industrial products company's stock valued at $22,849,000 after acquiring an additional 44,100 shares in the last quarter. Hedge funds and other institutional investors own 79.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. cut their price target on MSC Industrial Direct from $87.00 to $73.00 and set a "neutral" rating on the stock in a report on Friday, October 25th. Robert W. Baird raised their price objective on shares of MSC Industrial Direct from $84.00 to $91.00 and gave the stock a "neutral" rating in a report on Wednesday, October 16th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $90.20.

MSC Industrial Direct Stock Performance

MSM stock traded down $2.38 on Friday, hitting $83.07. The company's stock had a trading volume of 684,600 shares, compared to its average volume of 819,383. The stock has a market cap of $4.64 billion, a price-to-earnings ratio of 18.14 and a beta of 0.87. The firm has a 50 day moving average of $83.07 and a two-hundred day moving average of $83.47. The company has a current ratio of 1.96, a quick ratio of 0.90 and a debt-to-equity ratio of 0.20. MSC Industrial Direct Co., Inc. has a 1 year low of $75.05 and a 1 year high of $104.76.

MSC Industrial Direct (NYSE:MSM - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The industrial products company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.05). MSC Industrial Direct had a net margin of 6.77% and a return on equity of 19.35%. The company had revenue of $952.30 million for the quarter, compared to analysts' expectations of $959.74 million. During the same period in the prior year, the company earned $1.64 earnings per share. The firm's revenue was down 8.0% on a year-over-year basis. Equities analysts predict that MSC Industrial Direct Co., Inc. will post 3.65 EPS for the current fiscal year.

MSC Industrial Direct Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be issued a $0.85 dividend. This is an increase from MSC Industrial Direct's previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $3.40 annualized dividend and a dividend yield of 4.09%. MSC Industrial Direct's payout ratio is presently 74.24%.

Insider Transactions at MSC Industrial Direct

In related news, Director Philip Peller sold 900 shares of the business's stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $89.07, for a total transaction of $80,163.00. Following the sale, the director now owns 4,044 shares of the company's stock, valued at approximately $360,199.08. The trade was a 18.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Erik Gershwind sold 50,000 shares of the company's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $90.36, for a total transaction of $4,518,000.00. Following the transaction, the chief executive officer now owns 1,402,849 shares in the company, valued at $126,761,435.64. The trade was a 3.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 18.80% 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.