Meeder Asset Management Inc. Has $117,000 Position in MSC Industrial Direct Co., Inc. (NYSE:MSM)

Meeder Asset Management Inc. decreased its position in shares of MSC Industrial Direct Co., Inc. (NYSE:MSM) by 93.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,569 shares of the industrial products company’s stock after selling 21,308 shares during the period. Meeder Asset Management Inc.’s holdings in MSC Industrial Direct were worth $117,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Allworth Financial LP boosted its stake in shares of MSC Industrial Direct by 412.0% during the fourth quarter. Allworth Financial LP now owns 425 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 342 shares in the last quarter. UMB Bank n.a. raised its holdings in MSC Industrial Direct by 54.0% in the 4th quarter. UMB Bank n.a. now owns 476 shares of the industrial products company’s stock valued at $36,000 after buying an additional 167 shares during the last quarter. Synergy Asset Management LLC bought a new stake in MSC Industrial Direct during the 4th quarter worth approximately $36,000. V Square Quantitative Management LLC increased its position in MSC Industrial Direct by 77.0% in the 4th quarter. V Square Quantitative Management LLC now owns 531 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 231 shares during the period. Finally, Sunbelt Securities Inc. raised its stake in shares of MSC Industrial Direct by 38.4% during the third quarter. Sunbelt Securities Inc. now owns 962 shares of the industrial products company’s stock valued at $83,000 after acquiring an additional 267 shares during the last quarter. 79.26% of the stock is owned by institutional investors.

MSC Industrial Direct Price Performance

Shares of MSM opened at $77.68 on Wednesday. The firm has a market cap of $4.34 billion, a PE ratio of 18.54 and a beta of 0.90. MSC Industrial Direct Co., Inc. has a 52-week low of $72.79 and a 52-week high of $96.28. The business’s 50 day moving average price is $79.95 and its two-hundred day moving average price is $81.48. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 1.93.

MSC Industrial Direct (NYSE:MSM) last released its earnings results on Wednesday, January 8th. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.13. The company had revenue of $928.50 million for the quarter, compared to the consensus estimate 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 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, equities analysts anticipate that MSC Industrial Direct Co., Inc. will post 3.57 EPS for the current year.

MSC Industrial Direct Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date of this dividend is Wednesday, April 9th. MSC Industrial Direct’s dividend payout ratio (DPR) is currently 81.15%.

Wall Street Analyst Weigh In

MSM has been the subject of a number of recent research reports. Stephens downgraded MSC Industrial Direct from an “overweight” rating to an “equal weight” rating and set a $85.00 price objective for the company. in a report on Wednesday, December 4th. Wolfe Research assumed coverage on MSC Industrial Direct in a research note on Thursday, January 16th. They issued an “outperform” rating and a $95.00 price target for the company. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target 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.