Bank of New York Mellon Corp Purchases 70,076 Shares of MSC Industrial Direct Co., Inc. (NYSE:MSM)

Bank of New York Mellon Corp boosted its position in MSC Industrial Direct Co., Inc. (NYSE:MSM) by 9.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 793,184 shares of the industrial products company’s stock after purchasing an additional 70,076 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.42% of MSC Industrial Direct worth $59,243,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in MSM. Charles Schwab Investment Management Inc. grew its stake in shares of MSC Industrial Direct by 7.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,567,038 shares of the industrial products company’s stock worth $134,859,000 after acquiring an additional 113,878 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of MSC Industrial Direct by 11.1% during the third quarter. Pacer Advisors Inc. now owns 918,235 shares of the industrial products company’s stock worth $79,023,000 after acquiring an additional 91,369 shares during the last quarter. Disciplined Growth Investors Inc. MN grew its stake in shares of MSC Industrial Direct by 5.8% during the third quarter. Disciplined Growth Investors Inc. MN now owns 641,779 shares of the industrial products company’s stock worth $55,232,000 after acquiring an additional 35,077 shares during the last quarter. Boston Trust Walden Corp grew its stake in shares of MSC Industrial Direct by 20.5% during the fourth quarter. Boston Trust Walden Corp now owns 618,103 shares of the industrial products company’s stock worth $46,166,000 after acquiring an additional 105,265 shares during the last quarter. Finally, Seizert Capital Partners LLC grew its stake in shares of MSC Industrial Direct by 3.3% during the third quarter. Seizert Capital Partners LLC now owns 361,783 shares of the industrial products company’s stock worth $31,135,000 after acquiring an additional 11,585 shares during the last quarter. 79.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

MSC Industrial Direct Trading Down 1.7 %

Shares of NYSE:MSM opened at $77.05 on Wednesday. MSC Industrial Direct Co., Inc. has a 12-month low of $72.79 and a 12-month high of $103.00. The company has a market capitalization of $4.30 billion, a PE ratio of 18.39 and a beta of 0.91. The business has a 50 day moving average of $80.16 and a two-hundred day moving average of $81.75. The company has a current ratio of 1.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21.

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

MSC Industrial Direct Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 15th were issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 4.41%. The ex-dividend date was Wednesday, January 15th. MSC Industrial Direct’s payout ratio is presently 81.15%.

MSC Industrial Direct 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.