MSC Industrial Direct Co Inc (MSM) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its stake in MSC Industrial Direct Co Inc (NYSE:MSM) by 2.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,925 shares of the industrial products company’s stock after selling 1,049 shares during the period. Mutual of America Capital Management LLC owned approximately 0.06% of MSC Industrial Direct worth $3,473,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MSM. PNC Financial Services Group Inc. grew its stake in shares of MSC Industrial Direct by 0.5% in the second quarter. PNC Financial Services Group Inc. now owns 1,577 shares of the industrial products company’s stock worth $136,000 after acquiring an additional 8 shares during the last quarter. Parametric Portfolio Associates LLC grew its stake in shares of MSC Industrial Direct by 2.5% in the second quarter. Parametric Portfolio Associates LLC now owns 69,175 shares of the industrial products company’s stock worth $5,946,000 after acquiring an additional 1,678 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of MSC Industrial Direct by 10.7% in the second quarter. Dimensional Fund Advisors LP now owns 467,125 shares of the industrial products company’s stock worth $40,153,000 after acquiring an additional 45,196 shares during the last quarter. Brandywine Global Investment Management LLC purchased a new stake in shares of MSC Industrial Direct in the second quarter worth $249,000. Finally, Numeric Investors LLC purchased a new stake in shares of MSC Industrial Direct in the second quarter worth $206,000. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

Shares of MSC Industrial Direct Co Inc (MSM) traded down $0.63 during trading hours on Friday, hitting $88.72. The stock had a trading volume of 384,350 shares, compared to its average volume of 911,080. The company has a market capitalization of $5,000.87, a P/E ratio of 21.66, a P/E/G ratio of 1.29 and a beta of 0.59. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.04 and a current ratio of 1.92. MSC Industrial Direct Co Inc has a 1 year low of $65.42 and a 1 year high of $105.70.

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

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

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 30th. Shareholders 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. The ex-dividend date was Friday, January 12th. This represents a $2.32 dividend on an annualized basis and a yield of 2.61%. MSC Industrial Direct’s dividend payout ratio is currently 56.04%.

In other MSC Industrial Direct news, VP Charles Bonomo sold 1,800 shares of the stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $92.19, for a total value of $165,942.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Rustom Jilla sold 2,500 shares of the stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $99.00, for a total value of $247,500.00. The disclosure for this sale can be found here. In the last three months, insiders sold 893,300 shares of company stock worth $82,974,023. 31.28% of the stock is owned by corporate insiders.

A number of equities research analysts have recently commented on the company. Stephens set a $114.00 target price on MSC Industrial Direct and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Credit Suisse Group set a $100.00 target price on MSC Industrial Direct and gave the stock a “buy” rating in a research note on Monday, December 4th. Stifel Nicolaus reissued a “hold” rating and issued a $93.00 target price on shares of MSC Industrial Direct in a research note on Monday, December 11th. BMO Capital Markets increased their target price on MSC Industrial Direct from $83.00 to $92.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 1st. Finally, Wells Fargo & Co set a $86.00 target price on MSC Industrial Direct and gave the stock a “hold” rating in a research note on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, seven 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 $95.92.

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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.

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

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