Twelve Points Wealth Management LLC Raises Position in MSC Industrial Direct Co., Inc. (NYSE:MSM)

Twelve Points Wealth Management LLC boosted its stake in shares of MSC Industrial Direct Co., Inc. (NYSE:MSM - Free Report) by 60.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,708 shares of the industrial products company's stock after acquiring an additional 5,169 shares during the quarter. Twelve Points Wealth Management LLC's holdings in MSC Industrial Direct were worth $1,024,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. KBC Group NV grew its holdings in MSC Industrial Direct by 2,976.6% in the 4th quarter. KBC Group NV now owns 44,703 shares of the industrial products company's stock worth $3,339,000 after acquiring an additional 43,250 shares during the last quarter. Blue Trust Inc. grew its stake in shares of MSC Industrial Direct by 9.6% in the fourth quarter. Blue Trust Inc. now owns 2,362 shares of the industrial products company's stock worth $176,000 after purchasing an additional 207 shares during the last quarter. Impact Partnership Wealth LLC increased its holdings in MSC Industrial Direct by 21.0% during the 4th quarter. Impact Partnership Wealth LLC now owns 3,625 shares of the industrial products company's stock valued at $271,000 after purchasing an additional 630 shares during the period. Janney Montgomery Scott LLC bought a new position in MSC Industrial Direct during the 4th quarter valued at approximately $420,000. Finally, SG Americas Securities LLC lifted its holdings in MSC Industrial Direct by 1,702.1% in the 4th quarter. SG Americas Securities LLC now owns 22,202 shares of the industrial products company's stock worth $1,658,000 after buying an additional 20,970 shares during the period. 79.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at MSC Industrial Direct

In related news, CEO Erik Gershwind sold 50,000 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $90.36, for a total transaction of $4,518,000.00. Following the completion of the sale, the chief executive officer now owns 1,402,849 shares of the company's stock, valued at $126,761,435.64. This trade represents a 3.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Philip Peller sold 900 shares of the company's stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $89.07, for a total value of $80,163.00. Following the completion of the transaction, the director now directly owns 4,044 shares in the company, valued at $360,199.08. This trade represents a 18.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.30% of the stock is owned by insiders.

MSC Industrial Direct Stock Down 1.7 %

Shares of MSC Industrial Direct stock traded down $1.36 during trading on Friday, hitting $80.53. The company's stock had a trading volume of 694,695 shares, compared to its average volume of 773,289. MSC Industrial Direct Co., Inc. has a 52 week low of $72.79 and a 52 week high of $104.76. The company has a market capitalization of $4.50 billion, a PE ratio of 19.22 and a beta of 0.91. The company has a fifty day simple moving average of $81.10 and a two-hundred day simple moving average of $82.17. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 1.93.

MSC Industrial Direct (NYSE:MSM - Get Free Report) last announced its earnings results on Wednesday, January 8th. The industrial products company reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.73 by $0.13. The business had revenue of $928.50 million during the quarter, compared to the consensus estimate of $904.90 million. MSC Industrial Direct had a net margin of 6.21% and a return on equity of 17.80%. The business's revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.25 earnings per share. Equities research analysts predict that MSC Industrial Direct Co., Inc. will post 3.57 earnings per share for the current year.

MSC Industrial Direct Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th were issued a dividend of $0.85 per share. The ex-dividend date was Wednesday, January 15th. This represents a $3.40 annualized dividend and a dividend yield of 4.22%. MSC Industrial Direct's payout ratio is presently 81.15%.

Analyst Ratings Changes

MSM has been the subject of a number of recent analyst reports. Wolfe Research started coverage on MSC Industrial Direct in a report on Thursday, January 16th. They set an "outperform" rating and a $95.00 target price for the company. Robert W. Baird upped 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. JPMorgan Chase & Co. cut their target price on shares of MSC Industrial Direct from $87.00 to $73.00 and set a "neutral" rating on the stock in a research note on Friday, October 25th. Finally, Stephens cut shares of MSC Industrial Direct from an "overweight" rating to an "equal weight" rating and set a $85.00 price target on the stock. in a research report on Wednesday, December 4th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price 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.