Tiverton Asset Management LLC Has $4.47 Million Holdings in MSC Industrial Direct Company, Inc. (MSM)

Tiverton Asset Management LLC reduced its position in shares of MSC Industrial Direct Company, Inc. (NYSE:MSM) by 24.5% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 51,943 shares of the industrial products company’s stock after selling 16,857 shares during the quarter. Tiverton Asset Management LLC owned 0.12% of MSC Industrial Direct worth $4,465,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in MSM. BlackRock Inc. increased its stake in MSC Industrial Direct by 7,681.5% during the 1st quarter. BlackRock Inc. now owns 3,725,557 shares of the industrial products company’s stock valued at $382,836,000 after purchasing an additional 3,677,680 shares in the last quarter. FMR LLC increased its stake in MSC Industrial Direct by 72.5% during the 1st quarter. FMR LLC now owns 3,074,574 shares of the industrial products company’s stock valued at $315,943,000 after purchasing an additional 1,292,581 shares in the last quarter. Alliancebernstein L.P. increased its stake in MSC Industrial Direct by 267.2% during the 2nd quarter. Alliancebernstein L.P. now owns 1,441,259 shares of the industrial products company’s stock valued at $123,891,000 after purchasing an additional 1,048,714 shares in the last quarter. JPMorgan Chase & Co. increased its stake in MSC Industrial Direct by 26.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,124,573 shares of the industrial products company’s stock valued at $268,588,000 after purchasing an additional 649,201 shares in the last quarter. Finally, Jennison Associates LLC increased its stake in MSC Industrial Direct by 52.8% during the 2nd quarter. Jennison Associates LLC now owns 912,001 shares of the industrial products company’s stock valued at $78,396,000 after purchasing an additional 315,012 shares in the last quarter. Institutional investors and hedge funds own 75.69% of the company’s stock.

A number of analysts have weighed in on the stock. J P Morgan Chase & Co lowered shares of MSC Industrial Direct from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $80.00 to $76.00 in a research note on Friday, August 4th. BMO Capital Markets reduced their price objective on shares of MSC Industrial Direct from $98.00 to $87.00 and set a “market perform” rating for the company in a research note on Friday, July 14th. Zacks Investment Research lowered shares of MSC Industrial Direct from a “buy” rating to a “hold” rating in a research note on Friday, July 14th. Robert W. Baird restated a “neutral” rating and set a $85.00 price objective (down from $92.00) on shares of MSC Industrial Direct in a research note on Thursday, July 13th. Finally, Stifel Nicolaus restated a “hold” rating and set a $78.00 price objective (down from $88.00) on shares of MSC Industrial Direct in a research note on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $91.75.

Shares of MSC Industrial Direct Company, Inc. (NYSE:MSM) traded up 0.01% during mid-day trading on Friday, hitting $72.10. 59,132 shares of the stock were exchanged. The firm has a market cap of $4.11 billion, a price-to-earnings ratio of 17.98 and a beta of 0.51. MSC Industrial Direct Company, Inc. has a 52-week low of $65.42 and a 52-week high of $105.70. The stock has a 50-day moving average price of $69.41 and a 200 day moving average price of $84.62.

MSC Industrial Direct (NYSE:MSM) last issued its quarterly earnings results on Wednesday, July 12th. The industrial products company reported $1.09 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.09. MSC Industrial Direct had a net margin of 8.07% and a return on equity of 20.05%. The company had revenue of $743.90 million for the quarter, compared to the consensus estimate of $744.49 million. During the same quarter in the prior year, the company earned $1.05 EPS. MSC Industrial Direct’s quarterly revenue was up 2.3% on a year-over-year basis. On average, equities research analysts expect that MSC Industrial Direct Company, Inc. will post $3.97 earnings per share for the current year.

In other MSC Industrial Direct news, Director Philip Peller purchased 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 19th. The shares were bought at an average price of $72.00 per share, for a total transaction of $72,000.00. Following the acquisition, the director now owns 2,422 shares in the company, valued at $174,384. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 31.28% of the stock is currently owned by corporate insiders.

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About MSC Industrial Direct

MSC Industrial Direct Co, Inc is a North American distributor of metalworking and maintenance, repair and operations (MRO) products and services. The Company’s range of MRO products include cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock, raw materials, abrasives, machinery hand and power tools, safety and janitorial supplies, plumbing supplies, materials handling products, power transmission components and electrical supplies.

Institutional Ownership by Quarter for MSC Industrial Direct (NYSE:MSM)

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