Kestra Investment Management LLC Buys 1,572 Shares of MSC Industrial Direct Co., Inc. (NYSE:MSM)

Kestra Investment Management LLC raised its position in MSC Industrial Direct Co., Inc. (NYSE:MSM) by 36.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 5,832 shares of the industrial products company’s stock after acquiring an additional 1,572 shares during the period. Kestra Investment Management LLC’s holdings in MSC Industrial Direct were worth $436,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the business. First Horizon Advisors Inc. boosted its position in MSC Industrial Direct by 53.0% during the third quarter. First Horizon Advisors Inc. now owns 407 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 141 shares during the last quarter. Allworth Financial LP increased its stake in shares of MSC Industrial Direct by 412.0% during the 4th quarter. Allworth Financial LP now owns 425 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 342 shares during the last quarter. UMB Bank n.a. increased its stake in shares of MSC Industrial Direct by 54.0% during the 4th quarter. UMB Bank n.a. now owns 476 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 167 shares during the last quarter. Synergy Asset Management LLC acquired a new stake in MSC Industrial Direct in the 4th quarter valued at about $36,000. Finally, V Square Quantitative Management LLC grew its holdings in MSC Industrial Direct by 77.0% during the fourth quarter. V Square Quantitative Management LLC now owns 531 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 231 shares during the period. Institutional investors and hedge funds own 79.26% of the company’s stock.

MSC Industrial Direct Stock Up 0.4 %

MSM stock opened at $82.77 on Thursday. 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 current ratio of 1.93 and a quick ratio of 0.91. The stock has a market capitalization of $4.62 billion, a price-to-earnings ratio of 19.75 and a beta of 0.91. The business’s fifty day moving average price is $80.16 and its two-hundred day moving average price is $81.80.

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

MSC Industrial Direct Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th were paid a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 4.11%. The ex-dividend date was Wednesday, January 15th. MSC Industrial Direct’s dividend payout ratio (DPR) is currently 81.15%.

Analyst Ratings Changes

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

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.