Allworth Financial LP Boosts Holdings in MSC Industrial Direct Co., Inc. (NYSE:MSM)

Allworth Financial LP increased its stake in MSC Industrial Direct Co., Inc. (NYSE:MSM) by 412.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 425 shares of the industrial products company’s stock after buying an additional 342 shares during the period. Allworth Financial LP’s holdings in MSC Industrial Direct were worth $35,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. First Horizon Advisors Inc. boosted its holdings in shares of MSC Industrial Direct by 53.0% during the third quarter. First Horizon Advisors Inc. now owns 407 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 141 shares during the period. UMB Bank n.a. raised its holdings in MSC Industrial Direct by 54.0% during the 4th quarter. UMB Bank n.a. now owns 476 shares of the industrial products company’s stock worth $36,000 after buying an additional 167 shares during the period. Synergy Asset Management LLC acquired a new stake in MSC Industrial Direct during the 4th quarter worth about $36,000. V Square Quantitative Management LLC increased its holdings in shares of MSC Industrial Direct by 77.0% in the 4th quarter. V Square Quantitative Management LLC now owns 531 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 231 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings in shares of MSC Industrial Direct by 892.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 695 shares of the industrial products company’s stock valued at $60,000 after purchasing an additional 625 shares during the period. Institutional investors own 79.26% of the company’s stock.

MSC Industrial Direct Stock Performance

Shares of NYSE MSM opened at $78.39 on Wednesday. The firm has a market cap of $4.38 billion, a price-to-earnings ratio of 18.71 and a beta of 0.91. MSC Industrial Direct Co., Inc. has a one year low of $72.79 and a one year high of $104.76. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.93 and a quick ratio of 0.91. The stock’s fifty day moving average price is $79.99 and its two-hundred day moving average price is $81.80.

MSC Industrial Direct (NYSE:MSM) last announced its quarterly earnings data on Wednesday, January 8th. The industrial products company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.13. The business had revenue of $928.50 million during the quarter, compared to the consensus estimate of $904.90 million. MSC Industrial Direct had a return on equity of 17.80% and a net margin of 6.21%. MSC Industrial Direct’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.25 EPS. On average, equities analysts forecast that MSC Industrial Direct Co., Inc. will post 3.57 EPS for the current year.

MSC Industrial Direct Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th were given a dividend of $0.85 per share. The ex-dividend date was Wednesday, January 15th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.34%. MSC Industrial Direct’s dividend payout ratio (DPR) is 81.15%.

Analysts Set New Price Targets

Several equities research analysts recently commented on MSM shares. Stephens cut MSC Industrial Direct from an “overweight” rating to an “equal weight” rating and set a $85.00 price target for the company. in a research note on Wednesday, December 4th. Wolfe Research assumed coverage on MSC Industrial Direct in a research note on Thursday, January 16th. They issued an “outperform” rating and a $95.00 target price for the company. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, MSC Industrial Direct currently has a consensus rating of “Hold” and an average target price of $83.80.

MSC Industrial Direct Company 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.