15,466 Shares in MSC Industrial Direct Co., Inc. (NYSE:MSM) Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of MSC Industrial Direct Co., Inc. (NYSE:MSM - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 15,466 shares of the industrial products company's stock, valued at approximately $1,566,000.

Several other hedge funds also recently modified their holdings of the business. Global Retirement Partners LLC boosted its stake in shares of MSC Industrial Direct by 9.2% in the 3rd quarter. Global Retirement Partners LLC now owns 1,160 shares of the industrial products company's stock valued at $115,000 after purchasing an additional 98 shares during the last quarter. Verity Asset Management Inc. boosted its stake in shares of MSC Industrial Direct by 3.9% in the 3rd quarter. Verity Asset Management Inc. now owns 5,141 shares of the industrial products company's stock valued at $505,000 after purchasing an additional 193 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of MSC Industrial Direct by 2.9% in the 3rd quarter. Stifel Financial Corp now owns 7,056 shares of the industrial products company's stock valued at $693,000 after purchasing an additional 197 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of MSC Industrial Direct by 1.7% in the 3rd quarter. Arizona State Retirement System now owns 13,495 shares of the industrial products company's stock valued at $1,325,000 after purchasing an additional 221 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in MSC Industrial Direct by 6.0% during the 1st quarter. Commonwealth Equity Services LLC now owns 3,930 shares of the industrial products company's stock worth $330,000 after acquiring an additional 222 shares during the last quarter. Institutional investors own 79.26% of the company's stock.

Wall Street Analyst Weigh In

MSM has been the topic of several recent analyst reports. KeyCorp reduced their price objective on shares of MSC Industrial Direct from $105.00 to $102.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 10th. StockNews.com lowered shares of MSC Industrial Direct from a "buy" rating to a "hold" rating in a research note on Wednesday, April 10th. Finally, Stephens reissued an "overweight" rating and set a $110.00 price objective on shares of MSC Industrial Direct in a research note on Monday, April 1st. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $107.00.

Insider Activity

In other news, Director Mitchell Jacobson sold 137,716 shares of MSC Industrial Direct stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $97.66, for a total value of $13,449,344.56. Following the sale, the director now directly owns 1,708,311 shares in the company, valued at $166,833,652.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 232,003 shares of company stock worth $22,679,413 over the last ninety days. Insiders own 18.80% of the company's stock.

MSC Industrial Direct Stock Up 1.1 %

MSM traded up $1.02 during trading on Friday, reaching $92.46. The company had a trading volume of 559,740 shares, compared to its average volume of 521,474. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.01 and a quick ratio of 0.92. MSC Industrial Direct Co., Inc. has a 12 month low of $88.14 and a 12 month high of $105.77. The business's fifty day moving average price is $97.22 and its 200 day moving average price is $98.03. The company has a market cap of $5.21 billion, a P/E ratio of 16.60 and a beta of 0.95.

MSC Industrial Direct (NYSE:MSM - Get Free Report) last announced its quarterly earnings results on Thursday, March 28th. The industrial products company reported $1.18 earnings per share for the quarter, beating analysts' consensus estimates of $1.16 by $0.02. MSC Industrial Direct had a net margin of 7.89% and a return on equity of 22.58%. The firm had revenue of $935.30 million for the quarter, compared to analyst estimates of $946.55 million. During the same quarter in the previous year, the firm posted $1.45 earnings per share. The business's revenue was down 2.7% on a year-over-year basis. Equities analysts anticipate that MSC Industrial Direct Co., Inc. will post 5.69 EPS for the current year.

MSC Industrial Direct Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th will be issued a $0.83 dividend. The ex-dividend date is Monday, April 8th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 3.59%. MSC Industrial Direct's dividend payout ratio (DPR) is presently 59.61%.

MSC Industrial Direct 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.