Los Angeles Capital Management LLC Has $7.03 Million Position in MSC Industrial Direct Co., Inc. (NYSE:MSM)

Los Angeles Capital Management LLC lowered its stake in shares of MSC Industrial Direct Co., Inc. (NYSE:MSM) by 0.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 72,420 shares of the industrial products company’s stock after selling 370 shares during the period. Los Angeles Capital Management LLC owned about 0.13% of MSC Industrial Direct worth $7,028,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Hennessy Advisors Inc. bought a new position in shares of MSC Industrial Direct during the 4th quarter valued at $21,649,000. Greenwood Capital Associates LLC bought a new position in shares of MSC Industrial Direct during the 4th quarter valued at $840,000. Quarry LP bought a new position in shares of MSC Industrial Direct during the 4th quarter valued at $40,000. Bragg Financial Advisors Inc raised its holdings in shares of MSC Industrial Direct by 1.0% during the 4th quarter. Bragg Financial Advisors Inc now owns 206,912 shares of the industrial products company’s stock valued at $20,952,000 after purchasing an additional 2,117 shares in the last quarter. Finally, Azimuth Capital Investment Management LLC raised its holdings in shares of MSC Industrial Direct by 1.3% during the 4th quarter. Azimuth Capital Investment Management LLC now owns 49,853 shares of the industrial products company’s stock valued at $5,048,000 after purchasing an additional 655 shares in the last quarter. Institutional investors and hedge funds own 79.26% of the company’s stock.

Wall Street Analyst Weigh In

MSM has been the topic of a number of recent research reports. Loop Capital downgraded shares of MSC Industrial Direct from a “buy” rating to a “hold” rating and set a $80.00 price target on the stock. in a report on Monday. KeyCorp downgraded shares of MSC Industrial Direct from an “overweight” rating to a “sector weight” rating in a report on Monday. Robert W. Baird dropped their target price on shares of MSC Industrial Direct from $95.00 to $84.00 and set a “neutral” rating on the stock in a report on Friday, June 14th. Stephens reiterated an “overweight” rating and issued a $110.00 target price on shares of MSC Industrial Direct in a report on Friday, June 14th. Finally, Baird R W downgraded shares of MSC Industrial Direct from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 29th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, MSC Industrial Direct has an average rating of “Hold” and a consensus price target of $93.00.

MSC Industrial Direct Stock Down 0.8 %

Shares of MSM opened at $78.80 on Friday. The company has a 50-day simple moving average of $88.72 and a 200-day simple moving average of $94.96. The firm has a market capitalization of $4.44 billion, a P/E ratio of 14.15 and a beta of 0.89. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.92 and a current ratio of 2.01. MSC Industrial Direct Co., Inc. has a 52 week low of $75.05 and a 52 week high of $105.77.

MSC Industrial Direct (NYSE:MSM) last announced its quarterly earnings data on Thursday, March 28th. The industrial products company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.02. The business had revenue of $935.30 million during the quarter, compared to analyst estimates of $946.55 million. MSC Industrial Direct had a net margin of 7.89% and a return on equity of 22.58%. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.45 earnings per share. On average, equities research analysts expect that MSC Industrial Direct Co., Inc. will post 5.22 earnings per share for the current year.

MSC Industrial Direct Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th were given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date of this dividend was Monday, April 8th. MSC Industrial Direct’s dividend payout ratio is currently 59.61%.

MSC Industrial Direct Company 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.