Mutual of America Capital Management LLC Has $1.76 Million Stake in MSC Industrial Direct Co., Inc. (NYSE:MSM)

Mutual of America Capital Management LLC decreased its stake in shares of MSC Industrial Direct Co., Inc. (NYSE:MSM) by 2.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 23,624 shares of the industrial products company’s stock after selling 642 shares during the quarter. Mutual of America Capital Management LLC’s holdings in MSC Industrial Direct were worth $1,764,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of MSM. Creative Planning grew its position in shares of MSC Industrial Direct by 28.8% during the 3rd quarter. Creative Planning now owns 3,924 shares of the industrial products company’s stock worth $338,000 after buying an additional 878 shares during the period. US Bancorp DE grew its position in MSC Industrial Direct by 6.5% in the 3rd quarter. US Bancorp DE now owns 2,833 shares of the industrial products company’s stock valued at $244,000 after purchasing an additional 173 shares during the period. Farther Finance Advisors LLC grew its position in 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. Van ECK Associates Corp grew its position in MSC Industrial Direct by 19.6% in the 3rd quarter. Van ECK Associates Corp now owns 58,939 shares of the industrial products company’s stock valued at $4,765,000 after purchasing an additional 9,655 shares during the period. Finally, Atria Investments Inc acquired a new stake in MSC Industrial Direct in the 3rd quarter valued at $363,000. Institutional investors and hedge funds own 79.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Stephens downgraded shares of 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 report on Wednesday, December 4th. Wolfe Research assumed coverage on shares of MSC Industrial Direct in a research report on Thursday, January 16th. They issued an “outperform” rating and a $95.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $83.80.

MSC Industrial Direct Price Performance

MSM opened at $82.33 on Friday. 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 company has a market capitalization of $4.60 billion, a price-to-earnings ratio of 19.65 and a beta of 0.90. The firm’s fifty day moving average price is $80.41 and its two-hundred day moving average price is $81.72. MSC Industrial Direct Co., Inc. has a 1 year low of $72.79 and a 1 year high of $100.35.

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

MSC Industrial Direct Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th were paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date was Wednesday, January 15th. MSC Industrial Direct’s payout ratio is 81.15%.

About MSC Industrial Direct

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.