Raiffeisen Bank International AG Raises Stock Position in MSC Industrial Direct Company, Inc. (NYSE:MSM)

Key Points

• Raiffeisen Bank International AG increased its holdings in MSC Industrial Direct by 37.3%, acquiring an additional 3,864 shares, bringing its total to 14,214 shares valued at approximately $1.1 million.
• MSC Industrial Direct reported a net margin of 5.30% and a yearly revenue decline of 0.8%, with EPS of $1.08 for the most recent quarter, exceeding analysts' expectations by $0.05.
• The company declared a quarterly dividend of $0.85 per share, with a resulting annualized yield of 4.0% and a payout ratio of 96.05%.

Raiffeisen Bank International AG grew its holdings in MSC Industrial Direct Company, Inc. (NYSE:MSM - Free Report) by 37.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,214 shares of the industrial products company's stock after buying an additional 3,864 shares during the period. Raiffeisen Bank International AG's holdings in MSC Industrial Direct were worth $1,104,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in MSM. Treasurer of the State of North Carolina boosted its stake in shares of MSC Industrial Direct by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 20,179 shares of the industrial products company's stock worth $1,507,000 after purchasing an additional 130 shares during the period. Covestor Ltd boosted its stake in shares of MSC Industrial Direct by 6.6% during the 4th quarter. Covestor Ltd now owns 2,325 shares of the industrial products company's stock worth $174,000 after purchasing an additional 143 shares during the period. Beverly Hills Private Wealth LLC boosted its stake in shares of 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 worth $292,000 after purchasing an additional 163 shares during the period. Parallel Advisors LLC boosted its position in MSC Industrial Direct by 6.1% in the 1st quarter. Parallel Advisors LLC now owns 3,792 shares of the industrial products company's stock valued at $295,000 after buying an additional 217 shares during the period. Finally, GAMMA Investing LLC boosted its position in MSC Industrial Direct by 47.1% in the 1st quarter. GAMMA Investing LLC now owns 681 shares of the industrial products company's stock valued at $53,000 after buying an additional 218 shares during the period. 79.26% of the stock is owned by hedge funds and other institutional investors.

MSC Industrial Direct Trading Up 0.2%

NYSE MSM opened at $85.38 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 1.92 and a debt-to-equity ratio of 0.21. The firm has a market cap of $4.75 billion, a PE ratio of 24.12 and a beta of 0.92. The company has a 50 day moving average price of $85.20 and a 200 day moving average price of $80.92. MSC Industrial Direct Company, Inc. has a 52 week low of $68.10 and a 52 week high of $92.68.

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

MSC Industrial Direct Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 9th were paid a dividend of $0.85 per share. The ex-dividend date was Wednesday, July 9th. This represents a $3.40 dividend on an annualized basis and a yield of 4.0%. MSC Industrial Direct's dividend payout ratio is presently 96.05%.

Insider Transactions at MSC Industrial Direct

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 transaction of $195,960.00. Following the transaction, the senior vice president owned 14,657 shares in the company, valued at approximately $1,348,444. This represents a 12.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 18.30% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on MSM shares. Loop Capital boosted their price objective 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. JPMorgan Chase & Co. upgraded shares of MSC Industrial Direct from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $73.00 to $89.00 in a report on Tuesday, May 27th. 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 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 report on Wednesday, July 2nd. Finally, Industrial Alliance Securities set a $89.00 price target on shares of MSC Industrial Direct in a report on Tuesday, May 27th. 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 stock. According to MarketBeat.com, the stock presently 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.

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