TD Private Client Wealth LLC Has $1.84 Million Stock Position in MSC Industrial Direct Co., Inc. (NYSE:MSM)

TD Private Client Wealth LLC reduced its stake in shares of MSC Industrial Direct Co., Inc. (NYSE:MSM) by 3.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,667 shares of the industrial products company’s stock after selling 1,008 shares during the quarter. TD Private Client Wealth LLC’s holdings in MSC Industrial Direct were worth $1,842,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Semanteon Capital Management LP acquired a new stake in shares of MSC Industrial Direct during the 4th quarter worth $1,028,000. Teacher Retirement System of Texas boosted its stake in MSC Industrial Direct by 3.8% in the fourth quarter. Teacher Retirement System of Texas now owns 62,806 shares of the industrial products company’s stock valued at $4,691,000 after buying an additional 2,299 shares in the last quarter. Xponance Inc. boosted its stake in MSC Industrial Direct by 6.1% in the fourth quarter. Xponance Inc. now owns 5,193 shares of the industrial products company’s stock valued at $388,000 after buying an additional 298 shares in the last quarter. Boston Partners boosted its stake in MSC Industrial Direct by 7.2% in the fourth quarter. Boston Partners now owns 1,434,415 shares of the industrial products company’s stock valued at $107,168,000 after buying an additional 96,335 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in MSC Industrial Direct by 180.8% in the fourth quarter. Advisors Asset Management Inc. now owns 47,828 shares of the industrial products company’s stock valued at $3,572,000 after buying an additional 30,797 shares in the last quarter. 79.26% of the stock is owned by institutional investors and hedge funds.

MSC Industrial Direct Price Performance

MSC Industrial Direct stock opened at $77.46 on Friday. MSC Industrial Direct Co., Inc. has a 12 month low of $72.79 and a 12 month high of $100.35. The company has a current ratio of 1.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $4.33 billion, a PE ratio of 18.49 and a beta of 0.90. The stock has a 50-day moving average price of $80.35 and a two-hundred day moving average price of $81.43.

MSC Industrial Direct (NYSE:MSM) last issued 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. MSC Industrial Direct had a return on equity of 17.80% and a net margin of 6.21%. The company had revenue of $928.50 million during the quarter, compared to the consensus estimate of $904.90 million. During the same period last year, the company earned $1.25 earnings per share. The firm’s revenue was down 2.7% compared to the same quarter last year. Analysts expect that MSC Industrial Direct Co., Inc. will post 3.57 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MSM. Wolfe Research began coverage on MSC Industrial Direct in a research note on Thursday, January 16th. They issued an “outperform” rating and a $95.00 price objective on the stock. Stephens lowered 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 investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $83.80.

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.