Empowered Funds LLC Has $2.50 Million Holdings in MSC Industrial Direct Company, Inc. $MSM

Key Points

• Empowered Funds LLC increased its MSC Industrial Direct stake by 211.1% in the second quarter, bringing its holdings to 21,052 shares valued at approximately $2.50 million. Institutional investors collectively own 79.26% of the company.
• MSC Industrial Direct exceeded quarterly expectations, reporting $1.43 in EPS and $1.05 billion in revenue, with revenue up 7.8% year over year. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $123.43.
• The company declared a quarterly dividend of $0.87 per share, equivalent to an annualized $3.48 payout and a 3.0% dividend yield; its payout ratio is 84.06%.

Empowered Funds LLC increased its position in MSC Industrial Direct Company, Inc. (NYSE:MSM - Free Report) by 211.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,052 shares of the industrial products company's stock after acquiring an additional 14,284 shares during the quarter. Empowered Funds LLC's holdings in MSC Industrial Direct were worth $2,504,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Elevation Wealth Partners LLC boosted its holdings in MSC Industrial Direct by 89.9% during the second quarter. Elevation Wealth Partners LLC now owns 245 shares of the industrial products company's stock valued at $29,000 after acquiring an additional 116 shares during the period. First Horizon Corp increased its stake in shares of MSC Industrial Direct by 101.0% in the first quarter. First Horizon Corp now owns 400 shares of the industrial products company's stock worth $37,000 after purchasing an additional 201 shares during the period. Quarry LP lifted its position in shares of MSC Industrial Direct by 71.7% during the 3rd quarter. Quarry LP now owns 503 shares of the industrial products company's stock worth $46,000 after purchasing an additional 210 shares during the last quarter. Hantz Financial Services Inc. lifted its position in shares of MSC Industrial Direct by 42.4% during the 4th quarter. Hantz Financial Services Inc. now owns 514 shares of the industrial products company's stock worth $43,000 after purchasing an additional 153 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in MSC Industrial Direct during the 4th quarter valued at approximately $48,000. Institutional investors and hedge funds own 79.26% of the company's stock.

MSC Industrial Direct Stock Down 1.1%

NYSE MSM opened at $116.49 on Thursday. MSC Industrial Direct Company, Inc. has a twelve month low of $78.80 and a twelve month high of $130.46. The stock has a market cap of $6.51 billion, a PE ratio of 28.14 and a beta of 0.83. The firm has a 50-day simple moving average of $122.09 and a 200 day simple moving average of $108.08. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.72 and a current ratio of 1.55.

MSC Industrial Direct (NYSE:MSM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 1st. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.15. MSC Industrial Direct had a return on equity of 17.34% and a net margin of 5.91%.The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the company posted $1.08 earnings per share. The company's quarterly revenue was up 7.8% compared to the same quarter last year. On average, research analysts forecast that MSC Industrial Direct Company, Inc. will post 4.49 EPS for the current year.

MSC Industrial Direct Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th were given a dividend of $0.87 per share. The ex-dividend date was Wednesday, July 8th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 3.0%. MSC Industrial Direct's payout ratio is currently 84.06%.

Analyst Upgrades and Downgrades

MSM has been the topic of a number of research analyst reports. DA Davidson raised their target price on MSC Industrial Direct from $145.00 to $150.00 and gave the company a "buy" rating in a report on Thursday, July 2nd. Zacks Research lowered MSC Industrial Direct from a "strong-buy" rating to a "hold" rating in a report on Monday. KeyCorp increased their price objective on MSC Industrial Direct from $132.00 to $145.00 and gave the company an "overweight" rating in a research report on Wednesday, July 1st. Weiss Ratings upgraded shares of MSC Industrial Direct from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, July 7th. Finally, Rothschild & Co Redburn initiated coverage on shares of MSC Industrial Direct in a research report on Monday, July 13th. They set a "buy" rating and a $155.00 target price on the stock. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $123.43.

MSC Industrial Direct Profile

MSC Industrial Direct Co, Inc NYSE: MSM is a leading distributor of metalworking and maintenance, repair and operations (MRO) products serving a broad range of industrial customers across North America. The company offers an extensive portfolio of cutting tools, abrasives, measuring and inspection instruments, fasteners, safety supplies and other essential components used in manufacturing, metalworking and production environments. MSC delivers products through a multi-channel distribution network, including an extensive branch system, e-commerce platform and dedicated sales force.

In addition to its core product offerings, MSC Industrial Direct provides value-added services designed to improve productivity and reduce downtime for its customers.

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