Oak Thistle LLC Invests $891,000 in MSC Industrial Direct Company, Inc. (NYSE:MSM)

Oak Thistle LLC acquired a new position in shares of MSC Industrial Direct Company, Inc. (NYSE:MSM - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 11,474 shares of the industrial products company's stock, valued at approximately $891,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. KLP Kapitalforvaltning AS increased its holdings in shares of MSC Industrial Direct by 40.7% during the 1st quarter. KLP Kapitalforvaltning AS now owns 12,800 shares of the industrial products company's stock worth $994,000 after purchasing an additional 3,700 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of MSC Industrial Direct during the 1st quarter valued at about $1,092,000. Allianz Asset Management GmbH boosted its position in shares of MSC Industrial Direct by 4.0% during the 1st quarter. Allianz Asset Management GmbH now owns 23,713 shares of the industrial products company's stock valued at $1,842,000 after acquiring an additional 918 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of MSC Industrial Direct by 445.4% during the 1st quarter. Victory Capital Management Inc. now owns 779,800 shares of the industrial products company's stock valued at $60,567,000 after acquiring an additional 636,827 shares in the last quarter. Finally, Tectonic Advisors LLC boosted its position in shares of MSC Industrial Direct by 11.7% during the 1st quarter. Tectonic Advisors LLC now owns 81,180 shares of the industrial products company's stock valued at $6,305,000 after acquiring an additional 8,480 shares in the last quarter. Institutional investors own 79.26% of the company's stock.

MSC Industrial Direct Trading Down 0.1%

NYSE MSM traded down $0.11 during trading hours on Monday, hitting $87.25. The company's stock had a trading volume of 38,794 shares, compared to its average volume of 617,729. The stock has a fifty day moving average of $84.38 and a 200 day moving average of $80.71. MSC Industrial Direct Company, Inc. has a twelve month low of $68.10 and a twelve month high of $92.68. The firm has a market capitalization of $4.86 billion, a P/E ratio of 24.67 and a beta of 0.87. The company has a quick ratio of 0.91, a current ratio of 1.92 and a debt-to-equity ratio of 0.21.

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

MSC Industrial Direct Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 9th were paid a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 3.90%. The ex-dividend date was Wednesday, July 9th. MSC Industrial Direct's payout ratio is presently 96.05%.

Insider Buying and Selling

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

Analyst Ratings Changes

A number of equities analysts have commented on MSM shares. Industrial Alliance Securities set a $89.00 price target on shares of MSC Industrial Direct in a research report on Tuesday, May 27th. Loop Capital boosted their price target 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. Stephens boosted their price target on shares of MSC Industrial Direct from $85.00 to $90.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 2nd. Robert W. Baird boosted their price target on shares of MSC Industrial Direct from $84.00 to $95.00 and gave the company a "neutral" rating in a research report on Wednesday, July 2nd. Finally, Wolfe Research upgraded shares of MSC Industrial Direct to a "strong-buy" rating in a research report on Sunday, April 6th. 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. According to data from MarketBeat, MSC Industrial Direct has a consensus rating of "Moderate Buy" and a consensus price target of $90.33.

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.