Mountain Pacific Investment Advisers Inc. ID Lowers Stake in MSC Industrial Direct Co Inc (MSM)

Mountain Pacific Investment Advisers Inc. ID cut its holdings in MSC Industrial Direct Co Inc (NYSE:MSM) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 205,479 shares of the industrial products company’s stock after selling 1,350 shares during the quarter. MSC Industrial Direct makes up approximately 2.1% of Mountain Pacific Investment Advisers Inc. ID’s portfolio, making the stock its 18th largest holding. Mountain Pacific Investment Advisers Inc. ID owned 0.36% of MSC Industrial Direct worth $19,862,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in MSM. Wells Fargo & Company MN grew its position in shares of MSC Industrial Direct by 28.8% in the second quarter. Wells Fargo & Company MN now owns 163,574 shares of the industrial products company’s stock valued at $14,062,000 after purchasing an additional 36,583 shares during the last quarter. Riverhead Capital Management LLC grew its position in shares of MSC Industrial Direct by 28.4% in the second quarter. Riverhead Capital Management LLC now owns 2,696 shares of the industrial products company’s stock valued at $232,000 after purchasing an additional 597 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of MSC Industrial Direct by 25.3% in the second quarter. Ameriprise Financial Inc. now owns 201,835 shares of the industrial products company’s stock valued at $17,350,000 after purchasing an additional 40,806 shares during the last quarter. Nationwide Fund Advisors grew its position in shares of MSC Industrial Direct by 65.1% in the second quarter. Nationwide Fund Advisors now owns 123,659 shares of the industrial products company’s stock valued at $10,630,000 after purchasing an additional 48,781 shares during the last quarter. Finally, Amalgamated Bank grew its position in shares of MSC Industrial Direct by 24.9% in the second quarter. Amalgamated Bank now owns 8,778 shares of the industrial products company’s stock valued at $755,000 after purchasing an additional 1,752 shares during the last quarter. Institutional investors and hedge funds own 75.51% of the company’s stock.

In other MSC Industrial Direct news, VP Charles Bonomo sold 1,800 shares of the stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $92.19, for a total transaction of $165,942.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Christopher Davanzo sold 12,046 shares of the stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $93.43, for a total transaction of $1,125,457.78. Following the transaction, the senior vice president now directly owns 12,432 shares in the company, valued at approximately $1,161,521.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 352,829 shares of company stock worth $30,393,158. 31.38% of the stock is currently owned by insiders.

MSC Industrial Direct Co Inc (MSM) traded down $0.49 during trading hours on Tuesday, reaching $94.00. 864,200 shares of the company’s stock were exchanged, compared to its average volume of 978,479. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.04 and a current ratio of 1.92. The stock has a market capitalization of $5,334.53, a P/E ratio of 22.71, a P/E/G ratio of 1.39 and a beta of 0.67. MSC Industrial Direct Co Inc has a 12 month low of $65.42 and a 12 month high of $105.70.

MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings results on Wednesday, January 10th. The industrial products company reported $1.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.06 by ($0.01). The company had revenue of $768.60 million for the quarter, compared to analysts’ expectations of $770.95 million. MSC Industrial Direct had a return on equity of 19.37% and a net margin of 7.97%. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.95 EPS. research analysts anticipate that MSC Industrial Direct Co Inc will post 5 earnings per share for the current year.

MSC Industrial Direct declared that its Board of Directors has approved a share buyback plan on Wednesday, January 10th that allows the company to repurchase 2,000,000 outstanding shares. This repurchase authorization allows the industrial products company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 30th. Shareholders of record on Tuesday, January 16th will be paid a dividend of $0.58 per share. The ex-dividend date is Friday, January 12th. This represents a $2.32 dividend on an annualized basis and a yield of 2.47%. This is an increase from MSC Industrial Direct’s previous quarterly dividend of $0.48. MSC Industrial Direct’s dividend payout ratio (DPR) is currently 56.04%.

Several equities analysts recently issued reports on the stock. Susquehanna Bancshares assumed coverage on shares of MSC Industrial Direct in a research note on Monday, September 25th. They set a “neutral” rating and a $77.00 price objective on the stock. KeyCorp reissued a “hold” rating on shares of MSC Industrial Direct in a research note on Tuesday, October 17th. Gabelli raised shares of MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $94.00 price objective on the stock in a research note on Friday, October 13th. BMO Capital Markets reissued a “market perform” rating and set a $83.00 price objective (up previously from $79.00) on shares of MSC Industrial Direct in a research note on Monday, October 9th. Finally, Stephens set a $114.00 price objective on shares of MSC Industrial Direct and gave the company a “buy” rating in a research note on Wednesday, January 10th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. MSC Industrial Direct presently has a consensus rating of “Hold” and a consensus target price of $95.54.

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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.

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

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