Thrivent Financial for Lutherans Has $14.07 Million Holdings in MSC Industrial Direct Co., Inc. (NYSE:MSM)

Thrivent Financial for Lutherans cut its holdings in shares of MSC Industrial Direct Co., Inc. (NYSE:MSM) by 11.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 177,380 shares of the industrial products company’s stock after selling 21,840 shares during the quarter. Thrivent Financial for Lutherans’ holdings in MSC Industrial Direct were worth $14,068,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Future Financial Wealth Managment LLC bought a new stake in shares of MSC Industrial Direct during the first quarter valued at approximately $29,000. Blue Trust Inc. increased its position in shares of MSC Industrial Direct by 1,142.3% during the second quarter. Blue Trust Inc. now owns 323 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 297 shares during the period. Ridgewood Investments LLC bought a new stake in shares of MSC Industrial Direct during the second quarter valued at approximately $26,000. Quest Partners LLC increased its position in shares of MSC Industrial Direct by 35,300.0% during the second quarter. Quest Partners LLC now owns 354 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 353 shares during the period. Finally, Bessemer Group Inc. increased its position in shares of MSC Industrial Direct by 261.7% during the first quarter. Bessemer Group Inc. now owns 387 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 280 shares during the period. 79.26% of the stock is currently owned by institutional investors.

Insider Transactions at MSC Industrial Direct

In related news, SVP Kimberly Shacklett sold 4,885 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $84.60, for a total value of $413,271.00. Following the transaction, the senior vice president now owns 12,897 shares in the company, valued at $1,091,086.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 18.80% of the company’s stock.

MSC Industrial Direct Price Performance

Shares of MSM stock opened at $86.05 on Wednesday. The stock’s fifty day moving average is $82.14 and its 200-day moving average is $86.46. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.92 and a current ratio of 2.01. The stock has a market capitalization of $4.83 billion, a PE ratio of 16.71 and a beta of 0.86. 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 earnings results on Tuesday, July 2nd. The industrial products company reported $1.33 EPS for the quarter, hitting the consensus estimate of $1.33. The company had revenue of $979.40 million for the quarter, compared to analysts’ expectations of $979.10 million. MSC Industrial Direct had a return on equity of 21.31% and a net margin of 7.44%. The business’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.74 earnings per share. Equities research analysts expect that MSC Industrial Direct Co., Inc. will post 4.84 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on MSM shares. StockNews.com cut MSC Industrial Direct from a “buy” rating to a “hold” rating in a research report on Saturday, June 8th. Loop Capital lowered their price target on MSC Industrial Direct from $80.00 to $75.00 and set a “hold” rating on the stock in a research report on Wednesday, July 3rd. KeyCorp cut MSC Industrial Direct from an “overweight” rating to a “sector weight” rating in a research report on Monday, June 17th. Robert W. Baird lowered their price target on MSC Industrial Direct from $95.00 to $84.00 and set a “neutral” rating on the stock in a research report on Friday, June 14th. Finally, Baird R W cut MSC Industrial Direct from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 29th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $90.20.

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.