MSC Industrial Direct Company, Inc. (NYSE:MSM) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its position in MSC Industrial Direct Company, Inc. (NYSE:MSM - Free Report) by 5.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,781,503 shares of the industrial products company's stock after acquiring an additional 88,247 shares during the quarter. Charles Schwab Investment Management Inc. owned 3.20% of MSC Industrial Direct worth $138,369,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of MSM. First Trust Advisors LP raised its stake in shares of MSC Industrial Direct by 29.2% during the fourth quarter. First Trust Advisors LP now owns 1,987,455 shares of the industrial products company's stock valued at $148,443,000 after acquiring an additional 448,708 shares in the last quarter. Invesco Ltd. raised its stake in MSC Industrial Direct by 127.5% in the fourth quarter. Invesco Ltd. now owns 1,206,811 shares of the industrial products company's stock valued at $90,137,000 after buying an additional 676,238 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in MSC Industrial Direct by 10.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,079,474 shares of the industrial products company's stock valued at $80,621,000 after purchasing an additional 102,660 shares in the last quarter. Victory Capital Management Inc. raised its stake in MSC Industrial Direct by 445.4% in the 1st quarter. Victory Capital Management Inc. now owns 779,800 shares of the industrial products company's stock worth $60,567,000 after acquiring an additional 636,827 shares during the last quarter. Finally, Mackenzie Financial Corp raised its stake in shares of MSC Industrial Direct by 6,108.1% in the first quarter. Mackenzie Financial Corp now owns 505,960 shares of the industrial products company's stock worth $39,298,000 after purchasing an additional 497,810 shares during the last quarter. 79.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MSM has been the topic of several analyst reports. JPMorgan Chase & Co. raised MSC Industrial Direct from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $73.00 to $89.00 in a research report on Tuesday, May 27th. Stephens lifted their price objective on MSC Industrial Direct from $85.00 to $90.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 2nd. Loop Capital increased their target price on shares of MSC Industrial Direct from $74.00 to $84.00 and gave the company a "hold" rating in a research report on Wednesday, July 2nd. Industrial Alliance Securities set a $89.00 price target on MSC Industrial Direct in a report on Tuesday, May 27th. Finally, Robert W. Baird boosted their price objective on shares of MSC Industrial Direct from $84.00 to $95.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, MSC Industrial Direct presently has an average rating of "Moderate Buy" and a consensus target price of $90.33.

Insider Transactions at MSC Industrial Direct

In other news, SVP Kimberly Shacklett sold 2,130 shares of the company's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $92.00, for a total transaction of $195,960.00. Following the completion of the sale, the senior vice president owned 14,657 shares in the company, valued at $1,348,444. This represents a 12.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 18.30% of the stock is owned by corporate insiders.

MSC Industrial Direct Stock Up 1.8%

Shares of NYSE:MSM traded up $1.52 during trading on Tuesday, hitting $86.42. The company's stock had a trading volume of 383,179 shares, compared to its average volume of 506,906. MSC Industrial Direct Company, Inc. has a fifty-two week low of $68.10 and a fifty-two week high of $92.68. The company has a market capitalization of $4.81 billion, a PE ratio of 24.41 and a beta of 0.92. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 1.92. The business has a 50 day moving average price of $85.67 and a two-hundred day moving average price of $81.07.

MSC Industrial Direct (NYSE:MSM - Get Free Report) last announced its quarterly earnings results on Tuesday, July 1st. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.03 by $0.05. The company had revenue of $971.15 million during the quarter, compared to the consensus estimate of $969.72 million. MSC Industrial Direct had a return on equity of 14.99% and a net margin of 5.30%. MSC Industrial Direct's revenue for the quarter was down .8% on a year-over-year basis. During the same period in the previous year, the business earned $1.33 EPS. As a group, research analysts expect that MSC Industrial Direct Company, Inc. will post 3.57 EPS for the current fiscal year.

MSC Industrial Direct Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 23rd. Investors of record on Wednesday, July 9th were paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Wednesday, July 9th. MSC Industrial Direct's dividend payout ratio (DPR) is currently 96.05%.

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.