WealthPlan Investment Management LLC Has $6.42 Million Stake in MSC Industrial Direct Company, Inc. $MSM

WealthPlan Investment Management LLC decreased its stake in shares of MSC Industrial Direct Company, Inc. (NYSE:MSM) by 43.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 76,306 shares of the industrial products company’s stock after selling 59,407 shares during the period. WealthPlan Investment Management LLC’s holdings in MSC Industrial Direct were worth $6,417,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of MSM. SG Capital Management LLC grew its position in shares of MSC Industrial Direct by 867.0% during the 3rd quarter. SG Capital Management LLC now owns 360,988 shares of the industrial products company’s stock worth $33,261,000 after buying an additional 323,659 shares during the period. UBS Group AG grew its position in shares of MSC Industrial Direct by 110.7% during the 3rd quarter. UBS Group AG now owns 479,244 shares of the industrial products company’s stock worth $44,158,000 after buying an additional 251,759 shares during the period. Concentric Capital Strategies LP grew its position in shares of MSC Industrial Direct by 303.6% during the 3rd quarter. Concentric Capital Strategies LP now owns 204,974 shares of the industrial products company’s stock worth $18,886,000 after buying an additional 154,192 shares during the period. Quantinno Capital Management LP grew its position in shares of MSC Industrial Direct by 116.2% during the 2nd quarter. Quantinno Capital Management LP now owns 269,210 shares of the industrial products company’s stock worth $22,888,000 after buying an additional 144,666 shares during the period. Finally, Allianz Asset Management GmbH grew its position in MSC Industrial Direct by 124.2% in the 3rd quarter. Allianz Asset Management GmbH now owns 195,176 shares of the industrial products company’s stock valued at $17,984,000 after purchasing an additional 108,116 shares during the period. Institutional investors and hedge funds own 79.26% of the company’s stock.

MSC Industrial Direct Stock Down 2.0%

MSM stock opened at $104.66 on Friday. The company has a current ratio of 1.73, a quick ratio of 0.78 and a debt-to-equity ratio of 0.14. The company’s 50 day moving average is $95.49 and its 200 day moving average is $90.35. The stock has a market cap of $5.84 billion, a price-to-earnings ratio of 28.13 and a beta of 0.83. MSC Industrial Direct Company, Inc. has a 1-year low of $77.78 and a 1-year high of $108.77.

MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings data on Wednesday, April 1st. The industrial products company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.02). The company had revenue of $917.77 million during the quarter, compared to the consensus estimate of $931.69 million. MSC Industrial Direct had a return on equity of 16.06% and a net margin of 5.42%.The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the company posted $0.72 earnings per share. Sell-side analysts predict that MSC Industrial Direct Company, Inc. will post 4.34 EPS for the current fiscal year.

MSC Industrial Direct Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 8th were given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Wednesday, April 8th. MSC Industrial Direct’s dividend payout ratio (DPR) is presently 93.55%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on MSM shares. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $95.00 price target on shares of MSC Industrial Direct in a research report on Friday, February 6th. Weiss Ratings reissued a “hold (c)” rating on shares of MSC Industrial Direct in a research report on Monday, April 27th. Wall Street Zen downgraded shares of MSC Industrial Direct from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. iA Financial set a $95.00 price objective on shares of MSC Industrial Direct in a research report on Friday, February 6th. Finally, KeyCorp upgraded shares of MSC Industrial Direct from a “sector weight” rating to an “overweight” rating and set a $117.00 price objective on the stock in a research report on Monday, April 27th. One investment analyst has rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, MSC Industrial Direct presently has a consensus rating of “Hold” and a consensus target price of $94.29.

About MSC Industrial Direct

MSC Industrial Direct Co, Inc (NYSE: MSM) is a leading distributor of metalworking and maintenance, repair and operations (MRO) products serving a broad range of industrial customers across North America. The company offers an extensive portfolio of cutting tools, abrasives, measuring and inspection instruments, fasteners, safety supplies and other essential components used in manufacturing, metalworking and production environments. MSC delivers products through a multi-channel distribution network, including an extensive branch system, e-commerce platform and dedicated sales force.

In addition to its core product offerings, MSC Industrial Direct provides value-added services designed to improve productivity and reduce downtime for its customers.