Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of MSC Industrial Direct Co Inc (NYSE:MSM) by 128.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 45,200 shares of the industrial products company’s stock after acquiring an additional 25,400 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt owned approximately 0.08% of MSC Industrial Direct worth $3,357,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. BlackRock Inc. grew its stake in shares of MSC Industrial Direct by 1.3% during the 1st quarter. BlackRock Inc. now owns 4,198,017 shares of the industrial products company’s stock valued at $347,219,000 after acquiring an additional 54,560 shares during the period. American Century Companies Inc. grew its stake in shares of MSC Industrial Direct by 3.0% during the 1st quarter. American Century Companies Inc. now owns 2,670,405 shares of the industrial products company’s stock valued at $220,869,000 after acquiring an additional 77,091 shares during the period. Raymond James & Associates grew its stake in shares of MSC Industrial Direct by 12.0% during the 1st quarter. Raymond James & Associates now owns 853,323 shares of the industrial products company’s stock valued at $70,579,000 after acquiring an additional 91,355 shares during the period. River Road Asset Management LLC grew its stake in shares of MSC Industrial Direct by 7.5% during the 1st quarter. River Road Asset Management LLC now owns 674,053 shares of the industrial products company’s stock valued at $55,751,000 after acquiring an additional 47,172 shares during the period. Finally, Norges Bank bought a new position in shares of MSC Industrial Direct during the 4th quarter valued at approximately $48,204,000. Institutional investors own 76.34% of the company’s stock.

MSM stock traded up $0.15 during midday trading on Tuesday, hitting $71.04. The company’s stock had a trading volume of 3,921 shares, compared to its average volume of 563,252. MSC Industrial Direct Co Inc has a 12 month low of $67.25 and a 12 month high of $90.25. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.50 and a quick ratio of 1.35. The company has a market capitalization of $3.96 billion, a price-to-earnings ratio of 13.90, a price-to-earnings-growth ratio of 1.09 and a beta of 0.95. The business has a 50 day moving average price of $72.32.

MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings results on Wednesday, July 10th. The industrial products company reported $1.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.50 by ($0.05). MSC Industrial Direct had a return on equity of 21.08% and a net margin of 8.79%. The business had revenue of $866.50 million during the quarter, compared to the consensus estimate of $881.62 million. During the same quarter in the previous year, the company earned $1.39 earnings per share. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. On average, analysts expect that MSC Industrial Direct Co Inc will post 5.28 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 6th. Shareholders of record on Tuesday, July 23rd will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 4.22%. This is an increase from MSC Industrial Direct’s previous quarterly dividend of $0.63. The ex-dividend date is Monday, July 22nd. MSC Industrial Direct’s dividend payout ratio is presently 59.06%.

A number of research analysts recently issued reports on MSM shares. Stephens started coverage on Itron in a research note on Monday, July 8th. They set an “equal weight” rating and a $64.00 price objective for the company. Robert W. Baird upped their price target on Atlassian from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. Gordon Haskett downgraded MSC Industrial Direct from a “buy” rating to a “hold” rating and set a $72.02 price target for the company. in a research note on Monday, June 10th. BMO Capital Markets dropped their price target on MSC Industrial Direct from $90.00 to $86.00 and set a “market perform” rating for the company in a research note on Thursday, April 11th. Finally, Buckingham Research dropped their price target on PJT Partners from $49.00 to $42.00 and set a “neutral” rating for the company in a research note on Thursday, July 11th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $80.70.

MSC Industrial Direct Company Profile

MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes metalworking and maintenance, repair, and operations (MRO) products 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 products, 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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