WealthPLAN Partners LLC Sells 3,773 Shares of MSC Industrial Direct Co., Inc. (NYSE:MSM)

WealthPLAN Partners LLC reduced its stake in MSC Industrial Direct Co., Inc. (NYSE:MSM - Free Report) by 6.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,745 shares of the industrial products company's stock after selling 3,773 shares during the period. WealthPLAN Partners LLC owned 0.10% of MSC Industrial Direct worth $4,313,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MSM. V Square Quantitative Management LLC bought a new position in shares of MSC Industrial Direct in the 3rd quarter worth approximately $26,000. First Horizon Advisors Inc. grew its stake in MSC Industrial Direct by 53.0% in the third quarter. First Horizon Advisors Inc. now owns 407 shares of the industrial products company's stock worth $35,000 after purchasing an additional 141 shares during the period. UMB Bank n.a. raised its holdings in MSC Industrial Direct by 54.0% in the fourth quarter. UMB Bank n.a. now owns 476 shares of the industrial products company's stock worth $36,000 after purchasing an additional 167 shares in the last quarter. Synergy Asset Management LLC purchased a new position in MSC Industrial Direct during the fourth quarter valued at $36,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of 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 valued at $60,000 after buying an additional 625 shares in the last quarter. 79.26% of the stock is currently owned by hedge funds and other institutional investors.

MSC Industrial Direct Stock Up 0.4 %

Shares of NYSE MSM traded up $0.30 during midday trading on Wednesday, hitting $82.77. The stock had a trading volume of 372,839 shares, compared to its average volume of 668,032. The company has a market cap of $4.62 billion, a P/E ratio of 19.75 and a beta of 0.91. 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 moving average is $80.16 and its 200-day moving average is $81.80. MSC Industrial Direct Co., Inc. has a 52 week low of $72.79 and a 52 week high of $104.76.

MSC Industrial Direct (NYSE:MSM - Get Free Report) last released its quarterly earnings data 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 return on equity of 17.80% and a net margin of 6.21%. The business had revenue of $928.50 million for the quarter, compared to analysts' expectations of $904.90 million. During the same period in the prior year, the firm posted $1.25 EPS. The firm's quarterly revenue was down 2.7% on a year-over-year basis. As a group, analysts predict that MSC Industrial Direct Co., Inc. will post 3.57 EPS for the current year.

MSC Industrial Direct Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 15th were given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date was Wednesday, January 15th. MSC Industrial Direct's dividend payout ratio (DPR) is 81.15%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on MSM shares. Stephens lowered shares of MSC Industrial Direct from an "overweight" rating to an "equal weight" rating and set a $85.00 price target for the company. in a research note on Wednesday, December 4th. Wolfe Research assumed coverage on shares of MSC Industrial Direct in a report on Thursday, January 16th. They set an "outperform" rating and a $95.00 target price for the company. Finally, 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 research note on Friday, October 25th. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus 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.