MSC Industrial Direct Company, Inc. $MSM Stake Boosted by Allianz Asset Management GmbH

Allianz Asset Management GmbH increased its stake in MSC Industrial Direct Company, Inc. (NYSE:MSM - Free Report) by 267.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,060 shares of the industrial products company's stock after purchasing an additional 63,347 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.16% of MSC Industrial Direct worth $7,402,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Signaturefd LLC increased its stake in MSC Industrial Direct by 11.1% in the 2nd quarter. Signaturefd LLC now owns 1,277 shares of the industrial products company's stock worth $109,000 after purchasing an additional 128 shares in the last quarter. Red Spruce Capital LLC increased its stake in MSC Industrial Direct by 0.7% in the 2nd quarter. Red Spruce Capital LLC now owns 22,545 shares of the industrial products company's stock worth $1,917,000 after purchasing an additional 146 shares in the last quarter. Matrix Trust Co increased its stake in MSC Industrial Direct by 7.3% in the 2nd quarter. Matrix Trust Co now owns 2,252 shares of the industrial products company's stock worth $191,000 after purchasing an additional 153 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in MSC Industrial Direct by 0.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 56,514 shares of the industrial products company's stock valued at $4,805,000 after acquiring an additional 162 shares in the last quarter. Finally, Beverly Hills Private Wealth LLC grew its stake in MSC Industrial Direct by 4.5% during the 1st quarter. Beverly Hills Private Wealth LLC now owns 3,755 shares of the industrial products company's stock valued at $292,000 after acquiring an additional 163 shares in the last quarter. Hedge funds and other institutional investors own 79.26% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Zacks Research cut MSC Industrial Direct from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 5th. Robert W. Baird lifted their target price on MSC Industrial Direct from $84.00 to $95.00 and gave the company a "neutral" rating in a research note on Wednesday, July 2nd. Wolfe Research cut MSC Industrial Direct from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, October 8th. Stephens lifted their target price on MSC Industrial Direct from $85.00 to $90.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 2nd. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of MSC Industrial Direct in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $91.00.

MSC Industrial Direct Trading Down 0.8%

Shares of NYSE MSM opened at $87.35 on Thursday. The stock has a market cap of $4.86 billion, a price-to-earnings ratio of 24.68 and a beta of 0.95. The business has a 50 day simple moving average of $89.81 and a 200 day simple moving average of $84.68. MSC Industrial Direct Company, Inc. has a 52 week low of $68.10 and a 52 week high of $94.31. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 1.92.

MSC Industrial Direct Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th will be paid a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Wednesday, November 12th. This is a positive change from MSC Industrial Direct's previous quarterly dividend of $0.85. MSC Industrial Direct's dividend payout ratio (DPR) is presently 96.05%.

About MSC Industrial Direct

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.

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