Twinbeech Capital LP Invests $265,000 in MSC Industrial Direct Co., Inc. (NYSE:MSM)

Twinbeech Capital LP purchased a new position in shares of MSC Industrial Direct Co., Inc. (NYSE:MSM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,543 shares of the industrial products company's stock, valued at approximately $265,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Two Sigma Investments LP bought a new stake in MSC Industrial Direct during the fourth quarter worth about $1,463,000. Two Sigma Advisers LP lifted its stake in MSC Industrial Direct by 37.4% during the fourth quarter. Two Sigma Advisers LP now owns 36,000 shares of the industrial products company's stock worth $2,689,000 after purchasing an additional 9,800 shares during the last quarter. Raiffeisen Bank International AG bought a new stake in MSC Industrial Direct during the fourth quarter worth about $756,000. Quantinno Capital Management LP lifted its stake in MSC Industrial Direct by 6.9% during the fourth quarter. Quantinno Capital Management LP now owns 49,086 shares of the industrial products company's stock worth $3,666,000 after purchasing an additional 3,169 shares during the last quarter. Finally, Man Group plc lifted its stake in MSC Industrial Direct by 11.8% during the fourth quarter. Man Group plc now owns 39,566 shares of the industrial products company's stock worth $2,955,000 after purchasing an additional 4,173 shares during the last quarter. Institutional investors own 79.26% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on MSM shares. Loop Capital lowered their target price on MSC Industrial Direct from $83.00 to $74.00 and set a "hold" rating for the company in a research note on Friday, April 4th. Wolfe Research raised MSC Industrial Direct to a "strong-buy" rating in a research note on Sunday, April 6th. Robert W. Baird lowered their target price on MSC Industrial Direct from $90.00 to $84.00 and set a "neutral" rating for the company in a research note on Friday, April 4th. JPMorgan Chase & Co. raised MSC Industrial Direct from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $73.00 to $89.00 in a research note on Tuesday. Finally, Industrial Alliance Securities set a $89.00 target price on MSC Industrial Direct in a research note on Tuesday. Six investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $86.00.

MSC Industrial Direct Trading Down 1.7%

MSM traded down $1.45 during midday trading on Thursday, reaching $81.53. 147,929 shares of the company's stock traded hands, compared to its average volume of 603,930. The firm has a fifty day moving average of $77.39 and a two-hundred day moving average of $79.74. The stock has a market capitalization of $4.54 billion, a price-to-earnings ratio of 19.46 and a beta of 0.90. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.93 and a quick ratio of 0.91. MSC Industrial Direct Co., Inc. has a 52 week low of $68.10 and a 52 week high of $90.81.

MSC Industrial Direct (NYSE:MSM - Get Free Report) last announced its earnings results on Thursday, April 3rd. The industrial products company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.04. MSC Industrial Direct had a return on equity of 17.80% and a net margin of 6.21%. The firm had revenue of $891.70 million during the quarter, compared to analyst estimates of $908.30 million. During the same quarter in the prior year, the company earned $1.18 EPS. The business's revenue was down 4.7% compared to the same quarter last year. On average, equities analysts anticipate that MSC Industrial Direct Co., 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, April 23rd. Stockholders of record on Wednesday, April 9th were given a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 4.17%. The ex-dividend date was Wednesday, April 9th. MSC Industrial Direct's dividend payout ratio is currently 89.71%.

Insider Transactions at MSC Industrial Direct

In other MSC Industrial Direct news, Director Mitchell Jacobson purchased 27,642 shares of the firm's stock in a transaction dated Tuesday, April 8th. The stock was purchased at an average price of $69.77 per share, for a total transaction of $1,928,582.34. Following the completion of the purchase, the director now directly owns 1,951,725 shares of the company's stock, valued at $136,171,853.25. This trade represents a 1.44% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 18.30% of the company's stock.

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.