Twelve Points Wealth Management LLC Acquires 5,169 Shares of MSC Industrial Direct Co., Inc. (NYSE:MSM)

Twelve Points Wealth Management LLC lifted its holdings in shares of MSC Industrial Direct Co., Inc. (NYSE:MSM) by 60.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,708 shares of the industrial products company’s stock after acquiring an additional 5,169 shares during the quarter. Twelve Points Wealth Management LLC’s holdings in MSC Industrial Direct were worth $1,024,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new position in MSC Industrial Direct in the 3rd quarter worth $26,000. UMB Bank n.a. increased its position in shares of MSC Industrial Direct by 442.1% during the third quarter. UMB Bank n.a. now owns 309 shares of the industrial products company’s stock valued at $27,000 after buying an additional 252 shares during the period. Quent Capital LLC raised its stake in MSC Industrial Direct by 57.0% in the third quarter. Quent Capital LLC now owns 372 shares of the industrial products company’s stock worth $32,000 after buying an additional 135 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in MSC Industrial Direct by 53.0% in the third quarter. First Horizon Advisors Inc. now owns 407 shares of the industrial products company’s stock worth $35,000 after buying an additional 141 shares during the period. Finally, Matrix Trust Co boosted its position in MSC Industrial Direct by 121.1% during the 3rd quarter. Matrix Trust Co now owns 462 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 253 shares in the last quarter. Hedge funds and other institutional investors own 79.26% of the company’s stock.

MSC Industrial Direct Trading Down 0.8 %

MSC Industrial Direct stock opened at $82.39 on Wednesday. MSC Industrial Direct Co., Inc. has a 12 month low of $72.79 and a 12 month high of $104.76. The company has a current ratio of 1.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21. The business’s fifty day simple moving average is $81.24 and its two-hundred day simple moving average is $82.20. The company has a market capitalization of $4.60 billion, a price-to-earnings ratio of 19.66 and a beta of 0.91.

MSC Industrial Direct (NYSE:MSM) last announced its quarterly earnings data on Wednesday, January 8th. The industrial products company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.73 by $0.13. The company had revenue of $928.50 million for the quarter, compared to the consensus estimate of $904.90 million. MSC Industrial Direct had a net margin of 6.21% and a return on equity of 17.80%. MSC Industrial Direct’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.25 EPS. As a group, equities analysts predict that MSC Industrial Direct Co., Inc. will post 3.57 earnings per share for the current fiscal year.

MSC Industrial Direct Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th will be given a $0.85 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $3.40 annualized dividend and a yield of 4.13%. MSC Industrial Direct’s dividend payout ratio (DPR) is presently 81.15%.

Insider Buying and Selling at MSC Industrial Direct

In other news, CEO Erik Gershwind sold 50,000 shares of MSC Industrial Direct stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $90.36, for a total value of $4,518,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,402,849 shares in the company, valued at $126,761,435.64. The trade was a 3.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Philip Peller sold 900 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $89.07, for a total transaction of $80,163.00. Following the transaction, the director now directly owns 4,044 shares of the company’s stock, valued at $360,199.08. The trade was a 18.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 18.30% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Wolfe Research started coverage on MSC Industrial Direct in a research report on Thursday, January 16th. They issued an “outperform” rating and a $95.00 target price for the company. Stephens downgraded MSC Industrial Direct from an “overweight” rating to an “equal weight” rating and set a $85.00 price objective for the company. in a report on Wednesday, December 4th. JPMorgan Chase & Co. lowered their price objective on MSC Industrial Direct from $87.00 to $73.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Finally, Robert W. Baird upped their target price on shares of MSC Industrial Direct from $84.00 to $91.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $83.80.

About MSC Industrial Direct

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.