Keybank National Association OH Cuts Stake in MSC Industrial Direct Co., Inc. (NYSE:MSM)

Keybank National Association OH lessened its stake in shares of MSC Industrial Direct Co., Inc. (NYSE:MSM) by 80.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,810 shares of the industrial products company’s stock after selling 11,357 shares during the quarter. Keybank National Association OH’s holdings in MSC Industrial Direct were worth $210,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in MSM. First Horizon Advisors Inc. boosted its holdings in shares of MSC Industrial Direct by 53.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 407 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 141 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of MSC Industrial Direct by 412.0% during the 4th quarter. Allworth Financial LP now owns 425 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 342 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of MSC Industrial Direct by 54.0% during the 4th quarter. UMB Bank n.a. now owns 476 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 167 shares during the last quarter. Synergy Asset Management LLC purchased a new stake in shares of MSC Industrial Direct during the 4th quarter valued at about $36,000. Finally, V Square Quantitative Management LLC boosted its holdings in shares of MSC Industrial Direct by 77.0% during the 4th quarter. V Square Quantitative Management LLC now owns 531 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 231 shares during the last quarter. Hedge funds and other institutional investors own 79.26% of the company’s stock.

Analyst Ratings Changes

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

MSC Industrial Direct Price Performance

Shares of NYSE:MSM opened at $78.72 on Wednesday. The firm’s 50 day moving average price is $80.64 and its 200-day moving average price is $81.69. MSC Industrial Direct Co., Inc. has a twelve month low of $72.79 and a twelve month high of $100.35. The company has a quick ratio of 0.91, a current ratio of 1.93 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $4.40 billion, a PE ratio of 18.79 and a beta of 0.90.

MSC Industrial Direct (NYSE:MSM) last released its earnings results on Wednesday, January 8th. The industrial products company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.13. MSC Industrial Direct had a net margin of 6.21% and a return on equity of 17.80%. The company had revenue of $928.50 million for the quarter, compared to analysts’ expectations of $904.90 million. During the same quarter last year, the business earned $1.25 EPS. The firm’s revenue was down 2.7% compared to the same quarter last year. Equities research analysts expect that MSC Industrial Direct Co., Inc. will post 3.57 EPS for the current year.

MSC Industrial Direct Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders 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 yield of 4.32%. The ex-dividend date of this dividend was Wednesday, January 15th. MSC Industrial Direct’s payout ratio is 81.15%.

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.