Texas Yale Capital Corp. Purchases Shares of 2,225 MSC Industrial Direct Co Inc (MSM)

Texas Yale Capital Corp. purchased a new position in MSC Industrial Direct Co Inc (NYSE:MSM) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,225 shares of the industrial products company’s stock, valued at approximately $215,000.

Several other large investors also recently made changes to their positions in MSM. JPMorgan Chase & Co. lifted its position in shares of MSC Industrial Direct by 5.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,284,345 shares of the industrial products company’s stock worth $246,031,000 after purchasing an additional 159,772 shares during the last quarter. American Century Companies Inc. lifted its position in shares of MSC Industrial Direct by 1,889.6% during the 3rd quarter. American Century Companies Inc. now owns 2,099,225 shares of the industrial products company’s stock worth $158,638,000 after purchasing an additional 1,993,717 shares during the last quarter. State Street Corp lifted its position in shares of MSC Industrial Direct by 1.6% during the 2nd quarter. State Street Corp now owns 1,222,773 shares of the industrial products company’s stock worth $105,113,000 after purchasing an additional 19,302 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of MSC Industrial Direct by 105.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,179,178 shares of the industrial products company’s stock worth $89,112,000 after purchasing an additional 604,873 shares during the last quarter. Finally, Schroder Investment Management Group lifted its position in shares of MSC Industrial Direct by 52.7% during the 3rd quarter. Schroder Investment Management Group now owns 964,486 shares of the industrial products company’s stock worth $72,250,000 after purchasing an additional 332,893 shares during the last quarter. 74.95% of the stock is owned by institutional investors.

Several brokerages recently issued reports on MSM. Stifel Nicolaus restated a “hold” rating and set a $100.00 price target (up from $98.00) on shares of MSC Industrial Direct in a research note on Friday, January 12th. Stephens set a $114.00 price target on MSC Industrial Direct and gave the company a “buy” rating in a research note on Wednesday, January 10th. Zacks Investment Research upgraded MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a research note on Wednesday, January 10th. Credit Suisse Group reiterated an “outperform” rating and issued a $112.00 price objective (up from $100.00) on shares of MSC Industrial Direct in a research note on Tuesday, January 9th. Finally, Susquehanna Bancshares reiterated a “hold” rating and issued a $92.00 price objective on shares of MSC Industrial Direct in a research note on Wednesday, January 3rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. MSC Industrial Direct currently has a consensus rating of “Hold” and a consensus target price of $95.92.

Shares of MSC Industrial Direct Co Inc (MSM) opened at $88.63 on Wednesday. MSC Industrial Direct Co Inc has a 12 month low of $65.42 and a 12 month high of $105.70. The firm has a market capitalization of $4,994.10, a P/E ratio of 21.37, a PEG ratio of 1.29 and a beta of 0.59. The company has a quick ratio of 1.04, a current ratio of 1.92 and a debt-to-equity ratio of 0.16.

MSC Industrial Direct (NYSE:MSM) last announced its earnings results on Wednesday, January 10th. The industrial products company reported $1.05 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.01). The business had revenue of $768.60 million during the quarter, compared to analyst estimates of $770.95 million. MSC Industrial Direct had a return on equity of 19.37% and a net margin of 7.97%. The firm’s revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.95 earnings per share. sell-side analysts predict that MSC Industrial Direct Co Inc will post 5.06 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 30th. Stockholders of record on Tuesday, January 16th were issued a $0.58 dividend. This is an increase from MSC Industrial Direct’s previous quarterly dividend of $0.48. This represents a $2.32 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend was Friday, January 12th. MSC Industrial Direct’s payout ratio is presently 56.04%.

MSC Industrial Direct declared that its Board of Directors has approved a stock repurchase program on Wednesday, January 10th that allows the company to repurchase 2,000,000 outstanding shares. This repurchase authorization allows the industrial products company to repurchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

In other news, EVP Steven N. Baruch sold 5,762 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $81.25, for a total value of $468,162.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Mitchell Jacobson sold 30,803 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $80.64, for a total value of $2,483,953.92. The disclosure for this sale can be found here. Insiders sold a total of 924,103 shares of company stock worth $85,457,977 over the last three months. 31.38% of the stock is owned by company insiders.

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MSC Industrial Direct 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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