Brookstone Capital Management Acquires New Stake in MSC Industrial Direct Co Inc (MSM)

Brookstone Capital Management acquired a new stake in shares of MSC Industrial Direct Co Inc (NYSE:MSM) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 6,099 shares of the industrial products company’s stock, valued at approximately $504,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Martingale Asset Management L P acquired a new position in shares of MSC Industrial Direct during the fourth quarter valued at about $736,000. Poplar Forest Capital LLC raised its position in MSC Industrial Direct by 29.2% in the fourth quarter. Poplar Forest Capital LLC now owns 823,055 shares of the industrial products company’s stock worth $63,309,000 after purchasing an additional 186,074 shares in the last quarter. Squarepoint Ops LLC raised its position in MSC Industrial Direct by 160.6% in the fourth quarter. Squarepoint Ops LLC now owns 95,131 shares of the industrial products company’s stock worth $7,317,000 after purchasing an additional 58,632 shares in the last quarter. First Citizens Bank & Trust Co. raised its position in MSC Industrial Direct by 38.3% in the first quarter. First Citizens Bank & Trust Co. now owns 5,346 shares of the industrial products company’s stock worth $442,000 after purchasing an additional 1,480 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its position in MSC Industrial Direct by 5.9% in the third quarter. Thrivent Financial for Lutherans now owns 11,061 shares of the industrial products company’s stock worth $975,000 after purchasing an additional 612 shares in the last quarter. 75.11% of the stock is owned by institutional investors and hedge funds.

In other news, VP Charles Bonomo sold 601 shares of the firm’s stock in a transaction that occurred on Tuesday, January 29th. The shares were sold at an average price of $83.01, for a total transaction of $49,889.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Gregory Polli sold 12,736 shares of the stock in a transaction that occurred on Thursday, February 7th. The shares were sold at an average price of $82.60, for a total transaction of $1,051,993.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,517 shares of company stock valued at $1,198,855. Company insiders own 27.96% of the company’s stock.

NYSE MSM opened at $83.39 on Friday. The company has a market cap of $4.70 billion, a PE ratio of 16.42, a PEG ratio of 1.47 and a beta of 0.86. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.19 and a quick ratio of 1.18. MSC Industrial Direct Co Inc has a 1-year low of $73.28 and a 1-year high of $95.83.

MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings data on Wednesday, April 10th. The industrial products company reported $1.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.26 by ($0.02). The firm had revenue of $823.00 million for the quarter, compared to analyst estimates of $826.98 million. MSC Industrial Direct had a return on equity of 21.20% and a net margin of 8.88%. During the same period in the previous year, the business posted $1.34 EPS. Equities analysts predict that MSC Industrial Direct Co Inc will post 5.59 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 3.02%. The ex-dividend date is Monday, April 8th. MSC Industrial Direct’s payout ratio is 49.61%.

Several research firms recently issued reports on MSM. Buckingham Research set a $81.00 price target on shares of MSC Industrial Direct and gave the stock a “hold” rating in a research report on Thursday, April 11th. Robert W. Baird dropped their price target on shares of MSC Industrial Direct from $88.00 to $84.00 and set a “neutral” rating for the company in a research report on Thursday, April 11th. Northcoast Research reissued a “buy” rating on shares of MSC Industrial Direct in a research report on Thursday, April 11th. BMO Capital Markets dropped their price target on shares of MSC Industrial Direct from $90.00 to $86.00 and set a “market perform” rating for the company in a research report on Thursday, April 11th. Finally, Wells Fargo & Co dropped their price target on shares of MSC Industrial Direct from $85.00 to $80.00 and set a “market perform” rating for the company in a research report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $88.38.

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MSC Industrial Direct 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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