MSC Industrial Direct Company, Inc. $MSM Shares Sold by WealthPLAN Partners LLC

WealthPLAN Partners LLC lessened its position in MSC Industrial Direct Company, Inc. (NYSE:MSM) by 11.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 37,088 shares of the industrial products company’s stock after selling 4,817 shares during the period. WealthPLAN Partners LLC’s holdings in MSC Industrial Direct were worth $3,119,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Swiss National Bank lifted its stake in shares of MSC Industrial Direct by 1.9% in the 4th quarter. Swiss National Bank now owns 87,900 shares of the industrial products company’s stock worth $7,392,000 after acquiring an additional 1,600 shares during the period. Nuveen LLC lifted its stake in shares of MSC Industrial Direct by 3.5% in the 4th quarter. Nuveen LLC now owns 81,845 shares of the industrial products company’s stock worth $6,883,000 after acquiring an additional 2,762 shares during the period. Picton Mahoney Asset Management acquired a new stake in shares of MSC Industrial Direct in the 4th quarter worth $1,219,000. Empowered Funds LLC lifted its stake in shares of MSC Industrial Direct by 224.7% in the fourth quarter. Empowered Funds LLC now owns 10,011 shares of the industrial products company’s stock valued at $842,000 after purchasing an additional 6,928 shares during the period. Finally, Inceptionr LLC acquired a new stake in shares of MSC Industrial Direct in the fourth quarter valued at about $319,000. Institutional investors and hedge funds own 79.26% of the company’s stock.

MSC Industrial Direct Stock Up 0.5%

Shares of NYSE MSM opened at $115.70 on Friday. The company has a quick ratio of 0.78, a current ratio of 1.73 and a debt-to-equity ratio of 0.14. MSC Industrial Direct Company, Inc. has a 52 week low of $78.80 and a 52 week high of $119.13. The firm has a 50-day moving average price of $103.50 and a 200 day moving average price of $93.69. The stock has a market capitalization of $6.46 billion, a price-to-earnings ratio of 31.10 and a beta of 0.84.

MSC Industrial Direct (NYSE:MSM) last announced its quarterly earnings data on Wednesday, April 1st. The industrial products company reported $0.82 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.02). MSC Industrial Direct had a net margin of 5.42% and a return on equity of 16.06%. The company had revenue of $917.77 million during the quarter, compared to analyst estimates of $931.69 million. During the same quarter last year, the business earned $0.72 EPS. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. Equities research analysts anticipate that MSC Industrial Direct Company, Inc. will post 4.33 EPS for the current fiscal year.

MSC Industrial Direct Announces Dividend

The firm also recently announced 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. The ex-dividend date was Wednesday, April 8th. This represents a $3.48 dividend on an annualized basis and a yield of 3.0%. MSC Industrial Direct’s payout ratio is presently 93.55%.

Analyst Upgrades and Downgrades

MSM has been the subject of several recent analyst reports. KeyCorp raised their price objective on shares of MSC Industrial Direct from $117.00 to $120.00 and gave the company an “overweight” rating in a research note on Tuesday, June 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of MSC Industrial Direct in a research note on Monday, April 27th. One equities research analyst has rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $94.71.

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.