Bayforest Capital Ltd Lowers Holdings in MSC Industrial Direct Company, Inc. $MSM

Bayforest Capital Ltd decreased its position in MSC Industrial Direct Company, Inc. (NYSE:MSM) by 95.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 309 shares of the industrial products company’s stock after selling 6,425 shares during the period. Bayforest Capital Ltd’s holdings in MSC Industrial Direct were worth $26,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Clearstead Trust LLC purchased a new stake in shares of MSC Industrial Direct in the first quarter valued at approximately $25,000. Investment Management Corp VA ADV lifted its holdings in MSC Industrial Direct by 207.8% during the first quarter. Investment Management Corp VA ADV now owns 397 shares of the industrial products company’s stock worth $31,000 after buying an additional 268 shares during the period. Neo Ivy Capital Management purchased a new stake in MSC Industrial Direct during the first quarter worth $32,000. Farther Finance Advisors LLC lifted its holdings in MSC Industrial Direct by 895.0% during the first quarter. Farther Finance Advisors LLC now owns 597 shares of the industrial products company’s stock worth $46,000 after buying an additional 537 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in MSC Industrial Direct by 47.1% during the first quarter. GAMMA Investing LLC now owns 681 shares of the industrial products company’s stock worth $53,000 after buying an additional 218 shares during the period. Hedge funds and other institutional investors own 79.26% of the company’s stock.

MSC Industrial Direct Price Performance

NYSE MSM opened at $85.85 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.92 and a quick ratio of 0.91. The stock’s fifty day moving average price is $89.76 and its 200 day moving average price is $84.46. MSC Industrial Direct Company, Inc. has a 1 year low of $68.10 and a 1 year high of $94.31. The company has a market cap of $4.78 billion, a price-to-earnings ratio of 24.25 and a beta of 0.95.

MSC Industrial Direct Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th will be given a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Wednesday, November 12th. This is a positive change from MSC Industrial Direct’s previous quarterly dividend of $0.85. MSC Industrial Direct’s payout ratio is currently 98.31%.

Analyst Ratings Changes

A number of research firms have weighed in on MSM. JPMorgan Chase & Co. upped their target price on MSC Industrial Direct from $89.00 to $93.00 and gave the stock an “overweight” rating in a report on Wednesday. Zacks Research lowered MSC Industrial Direct from a “strong-buy” rating to a “hold” rating in a report on Friday, September 5th. Wolfe Research lowered MSC Industrial Direct from an “outperform” rating to a “peer perform” rating in a report on Wednesday, October 8th. Weiss Ratings restated a “hold (c+)” rating on shares of MSC Industrial Direct in a report on Wednesday, October 8th. Finally, Loop Capital upped their price target on MSC Industrial Direct from $74.00 to $84.00 and gave the stock a “hold” rating in a research report on Wednesday, July 2nd. One investment analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $91.00.

MSC Industrial Direct 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.