Disciplined Growth Investors Inc. MN Has $48.12 Million Stake in MSC Industrial Direct Co., Inc. (NYSE:MSM)

Disciplined Growth Investors Inc. MN boosted its position in MSC Industrial Direct Co., Inc. (NYSE:MSM) by 1.9% in the second quarter, Holdings Channel.com reports. The firm owned 606,702 shares of the industrial products company’s stock after purchasing an additional 11,257 shares during the quarter. Disciplined Growth Investors Inc. MN’s holdings in MSC Industrial Direct were worth $48,118,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in MSM. Future Financial Wealth Managment LLC acquired a new position in shares of MSC Industrial Direct in the first quarter valued at approximately $29,000. Blue Trust Inc. grew its stake in shares of MSC Industrial Direct by 1,142.3% in the second quarter. Blue Trust Inc. now owns 323 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 297 shares during the last quarter. Ridgewood Investments LLC acquired a new stake in MSC Industrial Direct in the second quarter valued at $26,000. Quest Partners LLC raised its position in MSC Industrial Direct by 35,300.0% during the 2nd quarter. Quest Partners LLC now owns 354 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 353 shares during the last quarter. Finally, Bessemer Group Inc. grew its position in shares of MSC Industrial Direct by 261.7% in the 1st quarter. Bessemer Group Inc. now owns 387 shares of the industrial products company’s stock valued at $37,000 after buying an additional 280 shares during the last quarter. 79.26% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at MSC Industrial Direct

In related news, SVP Kimberly Shacklett sold 4,885 shares of MSC Industrial Direct stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $84.60, for a total value of $413,271.00. Following the completion of the sale, the senior vice president now owns 12,897 shares of the company’s stock, valued at approximately $1,091,086.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 18.80% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on MSM shares. Loop Capital lowered their price objective on MSC Industrial Direct from $80.00 to $75.00 and set a “hold” rating for the company in a research report on Wednesday, July 3rd. Stephens restated an “overweight” rating and issued a $110.00 price target on shares of MSC Industrial Direct in a research report on Friday, June 14th. JPMorgan Chase & Co. lowered their target price on shares of MSC Industrial Direct from $81.00 to $80.00 and set a “neutral” rating for the company in a research note on Wednesday, July 3rd. KeyCorp downgraded MSC Industrial Direct from an “overweight” rating to a “sector weight” rating in a report on Monday, June 17th. Finally, StockNews.com downgraded MSC Industrial Direct from a “buy” rating to a “hold” rating in a research note on Saturday, June 8th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $90.20.

MSC Industrial Direct Price Performance

Shares of NYSE MSM opened at $87.09 on Friday. The firm has a market capitalization of $4.89 billion, a P/E ratio of 16.91 and a beta of 0.86. The firm’s 50-day moving average price is $82.24 and its 200-day moving average price is $86.30. The company has a current ratio of 2.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.21. MSC Industrial Direct Co., Inc. has a 1-year low of $75.05 and a 1-year high of $105.77.

MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings results on Tuesday, July 2nd. The industrial products company reported $1.33 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.33. MSC Industrial Direct had a return on equity of 21.31% and a net margin of 7.44%. The business had revenue of $979.40 million for the quarter, compared to the consensus estimate of $979.10 million. During the same period in the prior year, the business earned $1.74 EPS. The firm’s revenue for the quarter was down 7.1% on a year-over-year basis. Equities research analysts anticipate that MSC Industrial Direct Co., Inc. will post 4.84 earnings per share for the current fiscal year.

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.