WealthPlan Investment Management LLC cut its holdings in shares of MSC Industrial Direct Company, Inc. (NYSE:MSM - Free Report) by 19.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,638 shares of the industrial products company's stock after selling 7,961 shares during the quarter. WealthPlan Investment Management LLC owned about 0.06% of MSC Industrial Direct worth $4,038,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also modified their holdings of the company. Auto Owners Insurance Co increased its position in shares of MSC Industrial Direct by 12,181.8% during the 4th quarter. Auto Owners Insurance Co now owns 3,254,670 shares of the industrial products company's stock worth $273,718,000 after purchasing an additional 3,228,170 shares during the last quarter. State Street Corp lifted its position in MSC Industrial Direct by 3.7% in the second quarter. State Street Corp now owns 1,463,620 shares of the industrial products company's stock valued at $174,098,000 after buying an additional 52,860 shares during the last quarter. First Trust Advisors LP boosted its stake in MSC Industrial Direct by 20.9% during the first quarter. First Trust Advisors LP now owns 1,773,133 shares of the industrial products company's stock worth $163,607,000 after buying an additional 306,436 shares during the period. Dimensional Fund Advisors LP boosted its stake in MSC Industrial Direct by 1.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,357,419 shares of the industrial products company's stock worth $125,240,000 after buying an additional 14,484 shares during the period. Finally, Deprince Race & Zollo Inc. boosted its stake in MSC Industrial Direct by 43.0% during the first quarter. Deprince Race & Zollo Inc. now owns 705,775 shares of the industrial products company's stock worth $65,122,000 after buying an additional 212,074 shares during the period. 79.26% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities analysts recently weighed in on MSM shares. Jefferies Financial Group set a $130.00 price objective on shares of MSC Industrial Direct in a research report on Wednesday, July 1st. KeyCorp boosted their target price 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. Rothschild & Co Redburn assumed coverage on MSC Industrial Direct in a research note on Monday, July 13th. They set a "buy" rating and a $155.00 price target on the stock. DA Davidson set a $155.00 price target on MSC Industrial Direct in a research note on Tuesday. Finally, Barclays started coverage on MSC Industrial Direct in a research report on Tuesday. They set an "overweight" rating and a $152.00 price target for the company. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, MSC Industrial Direct currently has an average rating of "Moderate Buy" and a consensus price target of $127.62.
Read Our Latest Analysis on MSM
MSC Industrial Direct News Summary
Here are the key news stories impacting MSC Industrial Direct this week:
- Positive Sentiment: Dividend increased: MSC Industrial raised its quarterly dividend 2.3% to $0.89 per share, or $3.56 annually, supporting a 2.7% yield and signaling confidence in cash generation. The dividend is payable November 25 to shareholders of record November 11. MSC Industrial Supply Co. Declares Increase in Regular Quarterly Dividend
- Positive Sentiment: Analyst upgrade in coverage: Barclays initiated coverage with an “overweight” rating and a $152 price target, implying meaningful upside from recent trading levels and adding a positive Wall Street view. Barclays initiates coverage
- Positive Sentiment: Earnings expectations are favorable: Zacks says MSC Industrial has factors that could support an earnings beat, while Wall Street expects year-over-year earnings growth in the report scheduled for next week. MSC Industrial Reports Next Week: Wall Street Expects Earnings Growth
- Neutral Sentiment: Near-term event risk remains: MSC Industrial is expected to report quarterly results Thursday next week. The report could provide a catalyst if growth and guidance exceed expectations, but disappointment could pressure the shares given the elevated focus on earnings. MSC Industrial Projected to Post Quarterly Earnings
MSC Industrial Direct Stock Down 1.6%
Shares of MSM stock traded down $2.18 during trading hours on Thursday, reaching $130.40. 244,900 shares of the stock were exchanged, compared to its average volume of 721,644. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.55 and a quick ratio of 0.72. MSC Industrial Direct Company, Inc. has a 12-month low of $78.80 and a 12-month high of $133.65. The firm has a market capitalization of $7.28 billion, a P/E ratio of 31.50 and a beta of 0.82. The business's fifty day moving average is $122.77 and its two-hundred day moving average is $114.98.
MSC Industrial Direct Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Wednesday, November 11th will be issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Tuesday, November 10th. This is a positive change from MSC Industrial Direct's previous quarterly dividend of $0.87. MSC Industrial Direct's dividend payout ratio (DPR) is 84.06%.
About MSC Industrial Direct
(
Free Report)
MSC Industrial Direct Co, Inc is a distributor of metalworking and industrial products serving manufacturers and other organizations across North America. The company provides products used in maintenance, repair and operations, including cutting tools, abrasives, tooling components, fasteners, safety equipment, material handling supplies, and janitorial and facility-maintenance products.
MSC serves customers through an omnichannel platform that includes e-commerce, sales representatives, customer service teams, catalogs, and branch locations.
See Also
Want to see what other hedge funds are holding MSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MSC Industrial Direct Company, Inc. (NYSE:MSM - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
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 Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy is entering a new growth cycle as rising power demand, expanding data centers, and renewed policy support bring the sector back into focus. After strong gains in recent years, the most impactful phase of nuclear investment may still be ahead. This report highlights seven nuclear energy stocks positioned across the value chain—combining near-term revenue with long-term upside as next-generation technologies scale. Click the link below to unlock the full list.
Get This Free Report
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Like this article? Share it with a colleague.
Link copied to clipboard.
