MSC Industrial Direct Co., Inc. (NYSE:MSM) Stock Holdings Decreased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its position in MSC Industrial Direct Co., Inc. (NYSE:MSM) by 11.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 177,380 shares of the industrial products company’s stock after selling 21,840 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.32% of MSC Industrial Direct worth $14,068,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in shares of MSC Industrial Direct by 30.0% during the first quarter. GAMMA Investing LLC now owns 528 shares of the industrial products company’s stock valued at $51,000 after buying an additional 122 shares in the last quarter. Carolina Wealth Advisors LLC grew its stake in MSC Industrial Direct by 3.3% during the 1st quarter. Carolina Wealth Advisors LLC now owns 3,978 shares of the industrial products company’s stock valued at $386,000 after acquiring an additional 127 shares in the last quarter. WCM Investment Management LLC grew its stake in MSC Industrial Direct by 8.3% during the 1st quarter. WCM Investment Management LLC now owns 2,340 shares of the industrial products company’s stock valued at $227,000 after acquiring an additional 179 shares in the last quarter. Rockland Trust Co. grew its stake in MSC Industrial Direct by 2.0% during the 1st quarter. Rockland Trust Co. now owns 10,471 shares of the industrial products company’s stock valued at $1,016,000 after acquiring an additional 207 shares in the last quarter. Finally, Arizona State Retirement System grew its stake in MSC Industrial Direct by 1.7% during the 2nd quarter. Arizona State Retirement System now owns 12,609 shares of the industrial products company’s stock valued at $1,000,000 after acquiring an additional 209 shares in the last quarter. Institutional investors and hedge funds own 79.26% of the company’s stock.

Insider Buying and Selling

In related news, SVP Kimberly Shacklett sold 4,885 shares of the business’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $84.60, for a total value of $413,271.00. Following the completion of the sale, the senior vice president now directly owns 12,897 shares in the company, valued at approximately $1,091,086.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 18.80% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on MSM. Stephens reaffirmed an “overweight” rating and set a $110.00 target price on shares of MSC Industrial Direct in a research note on Friday, June 14th. Robert W. Baird lowered their target price on 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. JPMorgan Chase & Co. lowered their target price on MSC Industrial Direct from $81.00 to $80.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 3rd. StockNews.com cut MSC Industrial Direct from a “buy” rating to a “hold” rating in a research note on Saturday, June 8th. Finally, Loop Capital reduced their price target on MSC Industrial Direct from $80.00 to $75.00 and set a “hold” rating for the company in a report on Wednesday, July 3rd. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $90.20.

MSC Industrial Direct Stock Up 0.8 %

Shares of MSC Industrial Direct stock opened at $86.05 on Wednesday. The stock has a 50-day simple moving average of $82.14 and a 200-day simple moving average of $86.46. MSC Industrial Direct Co., Inc. has a 52-week low of $75.05 and a 52-week high of $105.77. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.01 and a quick ratio of 0.92. The firm has a market cap of $4.83 billion, a price-to-earnings ratio of 16.71 and a beta of 0.86.

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

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.