Valley Wealth Managers Inc. Sells 2,367 Shares of MSC Industrial Direct Co., Inc. (NYSE:MSM)

Valley Wealth Managers Inc. decreased its holdings in shares of MSC Industrial Direct Co., Inc. (NYSE:MSM) by 5.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,410 shares of the industrial products company’s stock after selling 2,367 shares during the period. Valley Wealth Managers Inc. owned about 0.07% of MSC Industrial Direct worth $2,869,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Advisors Asset Management Inc. grew its position in shares of MSC Industrial Direct by 8,289.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 17,031 shares of the industrial products company’s stock valued at $1,466,000 after acquiring an additional 16,828 shares during the period. Barclays PLC grew its position in shares of MSC Industrial Direct by 36.9% during the 3rd quarter. Barclays PLC now owns 25,490 shares of the industrial products company’s stock valued at $2,195,000 after acquiring an additional 6,864 shares during the period. Pathstone Holdings LLC grew its position in shares of MSC Industrial Direct by 36.4% during the 3rd quarter. Pathstone Holdings LLC now owns 23,114 shares of the industrial products company’s stock valued at $1,989,000 after acquiring an additional 6,172 shares during the period. XTX Topco Ltd grew its position in shares of MSC Industrial Direct by 398.1% during the 3rd quarter. XTX Topco Ltd now owns 15,860 shares of the industrial products company’s stock valued at $1,365,000 after acquiring an additional 12,676 shares during the period. Finally, Farther Finance Advisors LLC grew its position in shares of MSC Industrial Direct by 892.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 695 shares of the industrial products company’s stock valued at $60,000 after acquiring an additional 625 shares during the period. Institutional investors own 79.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Wolfe Research assumed coverage on shares of MSC Industrial Direct in a research report on Thursday, January 16th. They set an “outperform” rating and a $95.00 price objective for the company. JPMorgan Chase & Co. lowered their target price on shares of MSC Industrial Direct from $87.00 to $73.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Finally, Stephens cut shares of MSC Industrial Direct from an “overweight” rating to an “equal weight” rating and set a $85.00 target price on the stock. in a research note on Wednesday, December 4th. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $83.80.

MSC Industrial Direct Stock Down 0.7 %

MSM opened at $81.42 on Tuesday. The stock has a market cap of $4.55 billion, a price-to-earnings ratio of 19.43 and a beta of 0.91. MSC Industrial Direct Co., Inc. has a fifty-two week low of $72.79 and a fifty-two week high of $104.76. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 1.93. The firm’s fifty day moving average is $80.22 and its 200 day moving average is $81.79.

MSC Industrial Direct (NYSE:MSM) last announced its quarterly earnings results on Wednesday, January 8th. The industrial products company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.73 by $0.13. The business had revenue of $928.50 million for the quarter, compared to analysts’ expectations of $904.90 million. MSC Industrial Direct had a net margin of 6.21% and a return on equity of 17.80%. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.25 EPS. On average, sell-side analysts forecast that MSC Industrial Direct Co., Inc. will post 3.57 earnings per share for the current fiscal year.

MSC Industrial Direct Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 15th were paid a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 4.18%. The ex-dividend date was Wednesday, January 15th. MSC Industrial Direct’s payout ratio is currently 81.15%.

MSC Industrial Direct Profile

MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes metalworking and maintenance, repair, and operations (MRO) products and services in the United States, Canada, Mexico, the United Kingdom, and internationally. The company's MRO products include 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.