MSC Industrial Direct Company, Inc. (MSM) Holdings Boosted by Koch Industries Inc.

Koch Industries Inc. boosted its holdings in MSC Industrial Direct Company, Inc. (NYSE:MSM) by 10,738.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 284,620 shares of the industrial products company’s stock after acquiring an additional 281,994 shares during the period. Koch Industries Inc. owned about 0.63% of MSC Industrial Direct worth $281,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. BlackRock Inc. raised its holdings in shares of MSC Industrial Direct by 7,681.5% during the first quarter. BlackRock Inc. now owns 3,725,557 shares of the industrial products company’s stock valued at $382,836,000 after buying an additional 3,677,680 shares during the last quarter. Alliancebernstein L.P. raised its holdings in shares of MSC Industrial Direct by 267.2% during the second quarter. Alliancebernstein L.P. now owns 1,441,259 shares of the industrial products company’s stock valued at $123,891,000 after buying an additional 1,048,714 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of MSC Industrial Direct by 26.2% during the second quarter. JPMorgan Chase & Co. now owns 3,124,573 shares of the industrial products company’s stock valued at $268,588,000 after buying an additional 649,201 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of MSC Industrial Direct by 52.8% during the second quarter. Jennison Associates LLC now owns 912,001 shares of the industrial products company’s stock valued at $78,396,000 after buying an additional 315,012 shares during the last quarter. Finally, Morgan Stanley raised its holdings in shares of MSC Industrial Direct by 291.0% during the first quarter. Morgan Stanley now owns 407,421 shares of the industrial products company’s stock valued at $41,867,000 after buying an additional 303,234 shares during the last quarter. 74.57% of the stock is currently owned by hedge funds and other institutional investors.

MSC Industrial Direct Company, Inc. (MSM) traded up 0.01% during midday trading on Friday, hitting $78.53. 527,821 shares of the company traded hands. The firm has a market capitalization of $4.47 billion, a PE ratio of 19.58 and a beta of 0.54. The stock’s 50-day moving average is $74.65 and its 200-day moving average is $79.07. MSC Industrial Direct Company, Inc. has a 12-month low of $65.42 and a 12-month high of $105.70.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 28th. Shareholders of record on Tuesday, November 14th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Monday, November 13th. This represents a $1.92 dividend on an annualized basis and a yield of 2.44%. This is a boost from MSC Industrial Direct’s previous quarterly dividend of $0.45. MSC Industrial Direct’s dividend payout ratio (DPR) is currently 45.11%.

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A number of research firms have recently weighed in on MSM. TheStreet cut MSC Industrial Direct from a “b” rating to a “c+” rating in a report on Wednesday, August 16th. BidaskClub cut MSC Industrial Direct from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Northcoast Research assumed coverage on MSC Industrial Direct in a report on Tuesday, July 25th. They set a “neutral” rating on the stock. Zacks Investment Research cut MSC Industrial Direct from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Finally, KeyCorp restated a “hold” rating on shares of MSC Industrial Direct in a research report on Sunday, September 17th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company’s stock. MSC Industrial Direct currently has a consensus rating of “Hold” and an average price target of $88.38.

MSC Industrial Direct Company Profile

MSC Industrial Direct Co, Inc is a North American distributor of metalworking and maintenance, repair and operations (MRO) products and services. The Company’s range of MRO products include cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock, raw materials, abrasives, machinery hand and power tools, safety and janitorial supplies, plumbing supplies, materials handling products, power transmission components and electrical supplies.

Institutional Ownership by Quarter for MSC Industrial Direct (NYSE:MSM)

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