Public Employees Retirement System of Ohio cut its holdings in MSC Industrial Direct Co Inc (NYSE:MSM) by 0.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 329,506 shares of the industrial products company’s stock after selling 647 shares during the quarter. Public Employees Retirement System of Ohio owned 0.58% of MSC Industrial Direct worth $27,959,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Macquarie Group Ltd. purchased a new stake in MSC Industrial Direct during the second quarter worth $110,000. Asset Management One Co. Ltd. purchased a new stake in MSC Industrial Direct during the first quarter worth $191,000. Quantbot Technologies LP purchased a new stake in MSC Industrial Direct during the first quarter worth $199,000. CHICAGO TRUST Co NA purchased a new stake in MSC Industrial Direct during the second quarter worth $218,000. Finally, Nomura Holdings Inc. purchased a new stake in MSC Industrial Direct during the second quarter worth $219,000. Hedge funds and other institutional investors own 75.19% of the company’s stock.

In other news, SVP Gregory Polli sold 8,696 shares of the company’s stock in a transaction dated Thursday, July 26th. The stock was sold at an average price of $82.38, for a total value of $716,376.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Denis F. Kelly sold 1,500 shares of the company’s stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $88.43, for a total value of $132,645.00. The disclosure for this sale can be found here. 31.38% of the stock is owned by corporate insiders.

NYSE:MSM traded up $0.95 on Friday, hitting $80.57. 576,377 shares of the stock were exchanged, compared to its average volume of 595,919. The firm has a market capitalization of $4.98 billion, a PE ratio of 19.89, a P/E/G ratio of 1.10 and a beta of 0.51. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.11 and a quick ratio of 1.14. MSC Industrial Direct Co Inc has a fifty-two week low of $75.41 and a fifty-two week high of $99.94.

MSC Industrial Direct (NYSE:MSM) last announced its quarterly earnings results on Wednesday, July 11th. The industrial products company reported $1.39 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.39. MSC Industrial Direct had a return on equity of 21.08% and a net margin of 10.16%. The company had revenue of $828.30 million during the quarter, compared to analyst estimates of $834.43 million. During the same period in the prior year, the firm posted $1.09 earnings per share. The firm’s revenue was up 11.3% on a year-over-year basis. As a group, research analysts anticipate that MSC Industrial Direct Co Inc will post 5.06 earnings per share for the current year.

Several analysts have recently issued reports on MSM shares. ValuEngine downgraded MSC Industrial Direct from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Zacks Investment Research downgraded MSC Industrial Direct from a “hold” rating to a “sell” rating in a research report on Thursday, July 5th. BMO Capital Markets reduced their price objective on MSC Industrial Direct from $104.00 to $92.00 and set a “market perform” rating on the stock in a research report on Thursday, July 12th. Wells Fargo & Co reduced their price objective on MSC Industrial Direct from $95.00 to $87.00 and set a “market perform” rating on the stock in a research report on Thursday, July 12th. Finally, Northcoast Research set a $95.00 price objective on MSC Industrial Direct and gave the company a “buy” rating in a research report on Friday, July 13th. Ten investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. MSC Industrial Direct presently has an average rating of “Hold” and an average target price of $100.00.

About MSC Industrial Direct

MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes various ranges of metalworking and maintenance, repair, and operations (MRO) products primarily in the United States, Canada, and the United Kingdom. The company's MRO products comprise cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock, raw materials, abrasives, machinery hand and power tools, safety and janitorial supplies, plumbing supplies, materials handling products, power transmission components, and electrical supplies.

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Institutional Ownership by Quarter for MSC Industrial Direct (NYSE:MSM)

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