Bokf Na Lowers Position in MSC Industrial Direct Co., Inc. (NYSE:MSM)

Bokf Na lessened its stake in MSC Industrial Direct Co., Inc. (NYSE:MSM) by 89.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,220 shares of the industrial products company’s stock after selling 93,502 shares during the quarter. Bokf Na’s holdings in MSC Industrial Direct were worth $890,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Future Financial Wealth Managment LLC purchased a new position in shares of MSC Industrial Direct in the first quarter worth $29,000. Blue Trust Inc. lifted its holdings in shares of MSC Industrial Direct by 1,142.3% in the second quarter. Blue Trust Inc. now owns 323 shares of the industrial products company’s stock worth $26,000 after buying an additional 297 shares in the last quarter. Ridgewood Investments LLC purchased a new position in shares of MSC Industrial Direct in the second quarter worth $26,000. Quest Partners LLC lifted its holdings in shares of MSC Industrial Direct by 35,300.0% in the second quarter. Quest Partners LLC now owns 354 shares of the industrial products company’s stock worth $28,000 after buying an additional 353 shares in the last quarter. Finally, Bessemer Group Inc. lifted its holdings in shares of MSC Industrial Direct by 261.7% in the first quarter. Bessemer Group Inc. now owns 387 shares of the industrial products company’s stock worth $37,000 after buying an additional 280 shares in the last quarter. Hedge funds and other institutional investors own 79.26% of the company’s stock.

Insider Buying and Selling at MSC Industrial Direct

In other MSC Industrial Direct news, SVP Kimberly Shacklett sold 4,885 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $84.60, for a total transaction of $413,271.00. Following the transaction, the senior vice president now owns 12,897 shares of the company’s stock, valued at approximately $1,091,086.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 18.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Baird R W cut shares of MSC Industrial Direct from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 29th. JPMorgan Chase & Co. reduced their price target on shares of MSC Industrial Direct from $81.00 to $80.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 3rd. StockNews.com cut shares of MSC Industrial Direct from a “buy” rating to a “hold” rating in a research report on Saturday, June 8th. Stephens restated an “overweight” rating and issued a $110.00 price target on shares of MSC Industrial Direct in a research report on Friday, June 14th. Finally, Robert W. Baird reduced their target price on shares of MSC Industrial Direct from $95.00 to $84.00 and set a “neutral” rating on the stock in a research note on Friday, June 14th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, MSC Industrial Direct currently has a consensus rating of “Hold” and a consensus target price of $90.20.

MSC Industrial Direct Trading Up 1.0 %

MSM stock opened at $79.48 on Monday. The company has a market capitalization of $4.46 billion, a PE ratio of 15.43 and a beta of 0.86. MSC Industrial Direct Co., Inc. has a 12 month low of $75.05 and a 12 month high of $105.77. The firm’s 50-day moving average is $81.45 and its 200 day moving average is $87.27. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.01 and a quick ratio of 0.92.

MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings results on Tuesday, July 2nd. The industrial products company reported $1.33 EPS for the quarter, hitting the consensus estimate of $1.33. The company had revenue of $979.40 million for the quarter, compared to the consensus estimate of $979.10 million. MSC Industrial Direct had a net margin of 7.44% and a return on equity of 21.31%. The firm’s revenue was down 7.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.74 EPS. On average, research analysts anticipate that MSC Industrial Direct Co., Inc. will post 4.84 EPS for the current year.

MSC Industrial Direct Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 23rd. Shareholders of record on Tuesday, July 9th were given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date was Tuesday, July 9th. MSC Industrial Direct’s dividend payout ratio (DPR) is 64.47%.

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.