MSC Industrial Direct Company, Inc. $MSM Shares Bought by Concentric Capital Strategies LP

Key Points

• Concentric Capital Strategies LP increased its MSC Industrial Direct stake by 303.6% in Q3 to 204,974 shares (≈$18.89M), representing roughly a 0.37% ownership and the fund's 17th-largest position.
• MSC reported quarterly EPS of $0.99 (beat $0.95 est.) and revenue of $965.7M, up 4% YoY; the company pays a quarterly dividend of $0.87 (annualized $3.48) for a yield of 3.8% and a payout ratio of 95.08%.
• Analysts have a consensus rating of Hold (nine analysts) with an average price target of $90.50; the stock trades near $91.23, with a market cap of $5.09B and a P/E of 24.93.

Concentric Capital Strategies LP lifted its holdings in shares of MSC Industrial Direct Company, Inc. (NYSE:MSM - Free Report) by 303.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 204,974 shares of the industrial products company's stock after acquiring an additional 154,192 shares during the quarter. MSC Industrial Direct accounts for about 0.8% of Concentric Capital Strategies LP's investment portfolio, making the stock its 17th biggest position. Concentric Capital Strategies LP owned approximately 0.37% of MSC Industrial Direct worth $18,886,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of MSM. Quent Capital LLC acquired a new stake in MSC Industrial Direct during the 3rd quarter valued at approximately $31,000. Hantz Financial Services Inc. increased its holdings in MSC Industrial Direct by 257.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 361 shares of the industrial products company's stock worth $33,000 after purchasing an additional 260 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of MSC Industrial Direct by 130.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 576 shares of the industrial products company's stock valued at $49,000 after purchasing an additional 326 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of MSC Industrial Direct by 79.9% in the 1st quarter. NewEdge Advisors LLC now owns 750 shares of the industrial products company's stock valued at $58,000 after purchasing an additional 333 shares in the last quarter. Finally, Traub Capital Management LLC purchased a new position in shares of MSC Industrial Direct during the 2nd quarter valued at approximately $73,000. Institutional investors and hedge funds own 79.26% of the company's stock.

MSC Industrial Direct Stock Up 1.1%

Shares of NYSE:MSM opened at $91.23 on Friday. The company's fifty day moving average is $89.61 and its two-hundred day moving average is $88.51. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.82 and a current ratio of 1.73. MSC Industrial Direct Company, Inc. has a 1-year low of $68.10 and a 1-year high of $96.99. The stock has a market capitalization of $5.09 billion, a price-to-earnings ratio of 24.93 and a beta of 0.81.

MSC Industrial Direct (NYSE:MSM - Get Free Report) last posted its quarterly earnings results on Wednesday, January 7th. The industrial products company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.95 by $0.04. MSC Industrial Direct had a net margin of 5.37% and a return on equity of 15.73%. The business had revenue of $965.68 million during the quarter, compared to analyst estimates of $962.52 million. During the same period in the previous year, the business posted $0.86 EPS. The company's quarterly revenue was up 4.0% on a year-over-year basis. Equities analysts anticipate that MSC Industrial Direct Company, Inc. will post 3.57 EPS for the current year.

MSC Industrial Direct Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 28th. Shareholders of record on Wednesday, January 14th were paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Wednesday, January 14th. MSC Industrial Direct's payout ratio is presently 95.08%.

Analyst Ratings Changes

MSM has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reissued a "neutral" rating and set a $95.00 price target on shares of MSC Industrial Direct in a research report on Friday, February 6th. iA Financial set a $95.00 price target on shares of MSC Industrial Direct in a report on Friday, February 6th. Weiss Ratings reiterated a "hold (c)" rating on shares of MSC Industrial Direct in a research note on Wednesday, January 28th. Robert W. Baird set a $94.00 price objective on shares of MSC Industrial Direct in a report on Thursday, January 8th. Finally, Jefferies Financial Group restated a "hold" rating and issued a $85.00 target price on shares of MSC Industrial Direct in a research note on Thursday, January 8th. Nine investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, MSC Industrial Direct has a consensus rating of "Hold" and an average price target of $90.50.

MSC Industrial Direct Company 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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