TD Private Client Wealth LLC Has $2.59 Million Stock Holdings in MSC Industrial Direct Company, Inc. $MSM

TD Private Client Wealth LLC increased its holdings in shares of MSC Industrial Direct Company, Inc. (NYSE:MSM) by 11.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,481 shares of the industrial products company’s stock after acquiring an additional 3,079 shares during the period. TD Private Client Wealth LLC owned about 0.05% of MSC Industrial Direct worth $2,591,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its stake in shares of MSC Industrial Direct by 47.1% in the 1st quarter. GAMMA Investing LLC now owns 681 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 218 shares during the period. Janney Montgomery Scott LLC raised its stake in MSC Industrial Direct by 6.0% during the first quarter. Janney Montgomery Scott LLC now owns 5,956 shares of the industrial products company’s stock worth $463,000 after acquiring an additional 337 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of MSC Industrial Direct by 4.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 9,078 shares of the industrial products company’s stock valued at $705,000 after acquiring an additional 388 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of MSC Industrial Direct by 895.0% in the 1st quarter. Farther Finance Advisors LLC now owns 597 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 537 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of MSC Industrial Direct in the 1st quarter worth about $897,000. Institutional investors and hedge funds own 79.26% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on MSM shares. Loop Capital upped their price objective on shares of MSC Industrial Direct from $74.00 to $84.00 and gave the stock a “hold” rating in a research note on Wednesday, July 2nd. Stephens lifted their price objective on MSC Industrial Direct from $85.00 to $90.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 2nd. Zacks Research lowered MSC Industrial Direct from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 5th. Finally, Robert W. Baird raised their target price on MSC Industrial Direct from $84.00 to $95.00 and gave the company a “neutral” rating in a research note on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, MSC Industrial Direct has a consensus rating of “Moderate Buy” and an average price target of $90.33.

MSC Industrial Direct Trading Down 2.1%

MSM stock opened at $88.96 on Thursday. The company has a quick ratio of 0.91, a current ratio of 1.92 and a debt-to-equity ratio of 0.21. MSC Industrial Direct Company, Inc. has a twelve month low of $68.10 and a twelve month high of $94.31. The company has a market cap of $4.95 billion, a P/E ratio of 25.13 and a beta of 0.95. The business has a fifty day moving average of $88.94 and a 200-day moving average of $83.16.

MSC Industrial Direct (NYSE:MSM) last announced its quarterly earnings data on Tuesday, July 1st. The industrial products company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.05. The firm had revenue of $971.15 million during the quarter, compared to analyst estimates of $969.72 million. MSC Industrial Direct had a return on equity of 14.99% and a net margin of 5.30%.The company’s revenue was down .8% on a year-over-year basis. During the same period last year, the company earned $1.33 earnings per share. As a group, equities research analysts expect that MSC Industrial Direct Company, Inc. will post 3.57 EPS for the current year.

Insider Activity at MSC Industrial Direct

In related news, SVP Kimberly Shacklett sold 2,130 shares of the company’s stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $92.00, for a total value of $195,960.00. Following the completion of the sale, the senior vice president owned 14,657 shares in the company, valued at approximately $1,348,444. This represents a 12.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 18.30% of the stock is currently owned by company insiders.

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.