Vestcor Inc trimmed its stake in MSC Industrial Direct Co., Inc. (NYSE:MSM - Free Report) by 17.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,286 shares of the industrial products company's stock after selling 11,053 shares during the quarter. Vestcor Inc owned 0.09% of MSC Industrial Direct worth $3,905,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of MSM. Swiss National Bank increased its stake in MSC Industrial Direct by 0.7% during the 4th quarter. Swiss National Bank now owns 88,300 shares of the industrial products company's stock valued at $6,595,000 after purchasing an additional 600 shares in the last quarter. HighTower Advisors LLC increased its position in shares of MSC Industrial Direct by 8.7% during the fourth quarter. HighTower Advisors LLC now owns 50,548 shares of the industrial products company's stock valued at $3,775,000 after acquiring an additional 4,041 shares in the last quarter. Wealthfront Advisers LLC purchased a new position in MSC Industrial Direct in the 4th quarter worth approximately $1,975,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in MSC Industrial Direct by 8.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,844 shares of the industrial products company's stock valued at $959,000 after acquiring an additional 1,024 shares in the last quarter. Finally, Ceera Investments LLC boosted its stake in MSC Industrial Direct by 30.4% during the 4th quarter. Ceera Investments LLC now owns 14,348 shares of the industrial products company's stock valued at $1,072,000 after purchasing an additional 3,342 shares during the last quarter. 79.26% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on the company. Wolfe Research assumed coverage on MSC Industrial Direct in a report on Thursday, January 16th. They set an "outperform" rating and a $95.00 price target on the stock. Stephens cut shares of MSC Industrial Direct from an "overweight" rating to an "equal weight" rating and set a $85.00 target price on the stock. in a research note on Wednesday, December 4th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, MSC Industrial Direct has an average rating of "Hold" and an average price target of $83.80.
Get Our Latest Stock Report on MSC Industrial Direct
MSC Industrial Direct Stock Performance
NYSE:MSM traded up $0.47 on Tuesday, hitting $77.97. The stock had a trading volume of 443,124 shares, compared to its average volume of 589,573. MSC Industrial Direct Co., Inc. has a 52-week low of $72.79 and a 52-week high of $100.35. The stock has a market cap of $4.36 billion, a price-to-earnings ratio of 18.61 and a beta of 0.90. The company has a quick ratio of 0.91, a current ratio of 1.93 and a debt-to-equity ratio of 0.21. The business's 50-day simple moving average is $80.60 and its two-hundred day simple moving average is $81.52.
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 (EPS) for the quarter, beating the consensus estimate 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 company 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 firm's quarterly revenue was down 2.7% compared to the same quarter last year. As a group, research analysts predict that MSC Industrial Direct Co., Inc. will post 3.57 earnings per share for the current year.
MSC Industrial Direct Announces Dividend
The business also recently disclosed 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 was Wednesday, January 15th. This represents a $3.40 annualized dividend and a dividend yield of 4.36%. MSC Industrial Direct's dividend payout ratio (DPR) is 81.15%.
About MSC Industrial Direct
(
Free Report)
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.
Featured Articles
Before you consider MSC Industrial Direct, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MSC Industrial Direct wasn't on the list.
While MSC Industrial Direct currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
