MSC Industrial Direct Company, Inc. (NYSE:MSM) Stake Raised by Tectonic Advisors LLC

Tectonic Advisors LLC lifted its stake in shares of MSC Industrial Direct Company, Inc. (NYSE:MSM - Free Report) by 11.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,180 shares of the industrial products company's stock after acquiring an additional 8,480 shares during the period. Tectonic Advisors LLC owned 0.15% of MSC Industrial Direct worth $6,305,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of MSM. Headlands Technologies LLC purchased a new position in MSC Industrial Direct in the fourth quarter valued at approximately $25,000. Farther Finance Advisors LLC raised its holdings in MSC Industrial Direct by 895.0% in the first quarter. Farther Finance Advisors LLC now owns 597 shares of the industrial products company's stock valued at $46,000 after buying an additional 537 shares during the period. GAMMA Investing LLC raised its holdings in MSC Industrial Direct by 47.1% in the first 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. UMB Bank n.a. raised its holdings in MSC Industrial Direct by 51.1% in the first quarter. UMB Bank n.a. now owns 719 shares of the industrial products company's stock valued at $56,000 after buying an additional 243 shares during the period. Finally, HM Payson & Co. acquired a new stake in MSC Industrial Direct in the first quarter valued at approximately $59,000. 79.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Industrial Alliance Securities set a $89.00 price objective on shares of MSC Industrial Direct in a research report on Tuesday, May 27th. Loop Capital increased 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. raised shares of MSC Industrial Direct from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $73.00 to $89.00 in a research report on Tuesday, May 27th. Stephens raised their price target on shares of MSC Industrial Direct from $85.00 to $90.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 2nd. Finally, Wolfe Research raised shares of MSC Industrial Direct to a "strong-buy" rating in a research report on Sunday, April 6th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $90.33.

Insider Activity

In other news, SVP Kimberly Shacklett sold 2,130 shares of the business's stock in a transaction 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 completion of the transaction, the senior vice president owned 14,657 shares of the company's stock, valued at approximately $1,348,444. The trade was a 12.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 18.30% of the company's stock.

MSC Industrial Direct Stock Performance

MSC Industrial Direct stock traded up $0.17 during mid-day trading on Friday, reaching $87.34. The company's stock had a trading volume of 755,598 shares, compared to its average volume of 625,081. The firm has a market cap of $4.86 billion, a price-to-earnings ratio of 24.67 and a beta of 0.87. The business has a 50 day moving average price of $83.42 and a 200-day moving average price of $80.31. The company has a current ratio of 1.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21. MSC Industrial Direct Company, Inc. has a twelve month low of $68.10 and a twelve month high of $92.68.

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

MSC Industrial Direct Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 9th will be issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 3.89%. The ex-dividend date of this dividend is Wednesday, July 9th. MSC Industrial Direct's dividend payout ratio (DPR) is 96.05%.

MSC Industrial Direct Company Profile

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.