MSC Industrial Direct Co Inc (NYSE:MSM) Shares Purchased by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund boosted its holdings in MSC Industrial Direct Co Inc (NYSE:MSM) by 1.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,474 shares of the industrial products company’s stock after acquiring an additional 258 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in MSC Industrial Direct were worth $1,372,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. increased its position 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 purchasing an additional 54,560 shares during the period. American Century Companies Inc. increased its position 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 purchasing an additional 77,091 shares during the period. Raymond James & Associates increased its position 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 purchasing an additional 91,355 shares during the period. River Road Asset Management LLC increased its position 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 purchasing an additional 47,172 shares during the period. Finally, Norges Bank acquired a new position in shares of MSC Industrial Direct during the 4th quarter valued at $48,204,000. Hedge funds and other institutional investors own 76.42% of the company’s stock.

Several equities analysts have recently issued reports on the company. Gordon Haskett cut MSC Industrial Direct from a “buy” rating to a “hold” rating and set a $72.02 price target on the stock. in a research report on Monday, June 10th. Buckingham Research lowered their price target on MSC Industrial Direct from $77.00 to $70.00 and set a “neutral” rating on the stock in a research report on Thursday, July 11th. Raymond James lowered their price target on MSC Industrial Direct from $90.00 to $80.00 and set an “outperform” rating on the stock in a research report on Thursday, July 11th. Northcoast Research cut MSC Industrial Direct from a “buy” rating to a “neutral” rating and lowered their price target for the company from $89.00 to $74.00 in a research report on Friday, July 12th. Finally, Robert W. Baird reduced their price objective on MSC Industrial Direct from $88.00 to $84.00 and set a “neutral” rating for the company in a research note on Thursday, April 11th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $80.70.

Shares of MSM traded up $0.52 during trading hours on Tuesday, hitting $66.91. 1,876 shares of the company were exchanged, compared to its average volume of 595,202. The company has a market capitalization of $3.66 billion, a P/E ratio of 13.07, a PEG ratio of 1.03 and a beta of 0.91. The company has a quick ratio of 1.35, a current ratio of 2.50 and a debt-to-equity ratio of 0.20. The business’s fifty day moving average is $71.93. MSC Industrial Direct Co Inc has a one year low of $65.64 and a one year high of $90.25.

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

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 6th. Stockholders of record on Tuesday, July 23rd will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 4.48%. The ex-dividend date of this dividend is Monday, July 22nd. This is a boost from MSC Industrial Direct’s previous quarterly dividend of $0.63. MSC Industrial Direct’s dividend payout ratio (DPR) is 59.06%.

About MSC Industrial Direct

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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