Tidal Investments LLC Has $833,000 Stock Holdings in MSC Industrial Direct Co., Inc. (NYSE:MSM)

Tidal Investments LLC decreased its position in shares of MSC Industrial Direct Co., Inc. (NYSE:MSM - Free Report) by 41.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,674 shares of the industrial products company's stock after selling 6,872 shares during the quarter. Tidal Investments LLC's holdings in MSC Industrial Direct were worth $833,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of MSM. Advisors Asset Management Inc. increased its stake in MSC Industrial Direct by 8,289.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 17,031 shares of the industrial products company's stock worth $1,466,000 after purchasing an additional 16,828 shares in the last quarter. Pathstone Holdings LLC raised its holdings in shares of MSC Industrial Direct by 36.4% during the third quarter. Pathstone Holdings LLC now owns 23,114 shares of the industrial products company's stock worth $1,989,000 after acquiring an additional 6,172 shares during the period. XTX Topco Ltd lifted its position in MSC Industrial Direct by 398.1% in the 3rd quarter. XTX Topco Ltd now owns 15,860 shares of the industrial products company's stock valued at $1,365,000 after acquiring an additional 12,676 shares in the last quarter. American Century Companies Inc. boosted its stake in MSC Industrial Direct by 85.1% in the 2nd 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 during the period. Finally, Farther Finance Advisors LLC increased its holdings in MSC Industrial Direct by 892.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 695 shares of the industrial products company's stock worth $60,000 after purchasing an additional 625 shares in the last quarter. Institutional investors and hedge funds own 79.26% of the company's stock.

Insider Activity

In other MSC Industrial Direct news, Director Philip Peller sold 900 shares of the company's stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $89.07, for a total value of $80,163.00. Following the transaction, the director now directly owns 4,044 shares of the company's stock, valued at $360,199.08. This represents a 18.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Erik Gershwind sold 50,000 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $90.36, for a total value 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 position. The disclosure for this sale can be found here. Insiders own 18.80% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on MSM shares. Robert W. Baird upped their price objective on MSC Industrial Direct from $84.00 to $91.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. reduced their price target on MSC Industrial Direct from $87.00 to $73.00 and set a "neutral" rating for the company in a research report on Friday, October 25th. Finally, Stephens downgraded shares of MSC Industrial Direct from an "overweight" rating to an "equal weight" rating and set a $85.00 price objective on the stock. in a report on Wednesday, December 4th. Seven analysts have rated the stock with a hold rating, According to MarketBeat, MSC Industrial Direct has a consensus rating of "Hold" and an average target price of $85.20.

MSC Industrial Direct Stock Down 0.3 %

Shares of NYSE:MSM traded down $0.25 during midday trading on Friday, hitting $76.77. The stock had a trading volume of 2,051,450 shares, compared to its average volume of 581,324. The company has a quick ratio of 0.90, a current ratio of 1.96 and a debt-to-equity ratio of 0.20. The business's 50-day simple moving average is $83.30 and its 200-day simple moving average is $82.29. MSC Industrial Direct Co., Inc. has a 12 month low of $75.05 and a 12 month high of $104.76. The company has a market cap of $4.29 billion, a P/E ratio of 16.76 and a beta of 0.89.

MSC Industrial Direct (NYSE:MSM - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The industrial products company reported $1.03 EPS for the quarter, missing analysts' consensus estimates of $1.08 by ($0.05). The firm had revenue of $952.30 million during the quarter, compared to the consensus estimate of $959.74 million. MSC Industrial Direct had a net margin of 6.77% and a return on equity of 19.35%. The business's revenue was down 8.0% on a year-over-year basis. During the same period last year, the business earned $1.64 EPS. On average, sell-side analysts forecast that MSC Industrial Direct Co., Inc. will post 3.63 earnings per share for the current fiscal year.

MSC Industrial Direct Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 15th will be issued a $0.85 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $3.40 annualized dividend and a dividend yield of 4.43%. MSC Industrial Direct's dividend payout ratio is currently 74.24%.

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.