Congruence Capital LLC Buys New Shares in MSC Industrial Direct Company, Inc. $MSM

Congruence Capital LLC bought a new position in shares of MSC Industrial Direct Company, Inc. (NYSE:MSM) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 119,444 shares of the industrial products company’s stock, valued at approximately $10,045,000. MSC Industrial Direct makes up approximately 3.7% of Congruence Capital LLC’s portfolio, making the stock its 13th largest position. Congruence Capital LLC owned about 0.21% of MSC Industrial Direct as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Hantz Financial Services Inc. increased its position in shares of MSC Industrial Direct by 257.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 361 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 260 shares during the last quarter. Quarry LP boosted its holdings in shares of MSC Industrial Direct by 71.7% in the 3rd quarter. Quarry LP now owns 503 shares of the industrial products company’s stock valued at $46,000 after buying an additional 210 shares during the last quarter. Kestra Advisory Services LLC bought a new position in shares of MSC Industrial Direct in the fourth quarter valued at $48,000. EverSource Wealth Advisors LLC increased its holdings in MSC Industrial Direct by 130.4% during the second quarter. EverSource Wealth Advisors LLC now owns 576 shares of the industrial products company’s stock worth $49,000 after buying an additional 326 shares during the last quarter. Finally, Allworth Financial LP increased its holdings in MSC Industrial Direct by 25.9% during the fourth quarter. Allworth Financial LP now owns 628 shares of the industrial products company’s stock worth $53,000 after buying an additional 129 shares during the last quarter. 79.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MSM has been the topic of a number of research analyst reports. KeyCorp upped their target price on shares of MSC Industrial Direct from $117.00 to $120.00 and gave the company an “overweight” rating in a report on Tuesday, June 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of MSC Industrial Direct in a report on Monday, April 27th. One research analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, MSC Industrial Direct currently has an average rating of “Hold” and a consensus price target of $94.71.

MSC Industrial Direct Trading Up 0.8%

MSM stock opened at $116.46 on Friday. MSC Industrial Direct Company, Inc. has a one year low of $78.80 and a one year high of $119.13. The stock has a market cap of $6.50 billion, a price-to-earnings ratio of 31.31 and a beta of 0.84. The company has a fifty day moving average price of $104.00 and a two-hundred day moving average price of $93.85. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.73 and a quick ratio of 0.78.

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

MSC Industrial Direct Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 8th were issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Wednesday, April 8th. MSC Industrial Direct’s payout ratio is currently 93.55%.

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.