Cwm LLC Has $344,000 Position in MSC Industrial Direct Co., Inc. (NYSE:MSM)

Cwm LLC raised its stake in shares of MSC Industrial Direct Co., Inc. (NYSE:MSM) by 363.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,999 shares of the industrial products company’s stock after purchasing an additional 3,136 shares during the period. Cwm LLC’s holdings in MSC Industrial Direct were worth $344,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. American Century Companies Inc. grew its stake in MSC Industrial Direct by 85.1% in the 2nd quarter. American Century Companies Inc. now owns 2,733,228 shares of the industrial products company’s stock valued at $216,772,000 after buying an additional 1,256,706 shares during the last quarter. Swedbank AB bought a new stake in MSC Industrial Direct during the first quarter valued at about $16,571,000. Allspring Global Investments Holdings LLC boosted its holdings in MSC Industrial Direct by 804.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 173,653 shares of the industrial products company’s stock valued at $13,772,000 after acquiring an additional 154,454 shares during the period. Renaissance Technologies LLC grew its position in shares of MSC Industrial Direct by 1,715.2% in the second quarter. Renaissance Technologies LLC now owns 143,400 shares of the industrial products company’s stock valued at $11,373,000 after purchasing an additional 135,500 shares during the last quarter. Finally, Millennium Management LLC lifted its position in shares of MSC Industrial Direct by 458.4% during the 2nd quarter. Millennium Management LLC now owns 119,700 shares of the industrial products company’s stock worth $9,493,000 after purchasing an additional 98,265 shares during the last quarter. Institutional investors own 79.26% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on MSM. 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 report on Wednesday, July 3rd. Loop Capital lowered their price objective on shares of MSC Industrial Direct from $80.00 to $75.00 and set a “hold” rating on the stock in a research note on Wednesday, July 3rd. Finally, Robert W. Baird boosted their target price on shares of MSC Industrial Direct from $84.00 to $91.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $91.60.

MSC Industrial Direct Trading Up 0.2 %

MSC Industrial Direct stock opened at $84.22 on Monday. MSC Industrial Direct Co., Inc. has a 12 month low of $75.05 and a 12 month high of $104.76. The stock has a market cap of $4.73 billion, a price-to-earnings ratio of 16.35 and a beta of 0.86. The business has a 50 day moving average price of $81.98 and a two-hundred day moving average price of $84.81. The company has a quick ratio of 0.92, a current ratio of 2.01 and a debt-to-equity ratio of 0.21.

MSC Industrial Direct Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be given a $0.85 dividend. This is a boost from MSC Industrial Direct’s previous quarterly dividend of $0.83. This represents a $3.40 annualized dividend and a yield of 4.04%. The ex-dividend date of this dividend is Wednesday, November 13th. MSC Industrial Direct’s dividend payout ratio (DPR) is 66.02%.

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.