Segall Bryant & Hamill LLC decreased its stake in shares of MSC Industrial Direct Co Inc (NYSE:MSM) by 1.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 59,479 shares of the industrial products company’s stock after selling 1,122 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.11% of MSC Industrial Direct worth $4,495,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MSM. American Century Companies Inc. boosted its stake in shares of MSC Industrial Direct by 1,889.6% during the 3rd quarter. American Century Companies Inc. now owns 2,099,225 shares of the industrial products company’s stock valued at $158,638,000 after purchasing an additional 1,993,717 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of MSC Industrial Direct by 267.2% during the 2nd quarter. Alliancebernstein L.P. now owns 1,441,259 shares of the industrial products company’s stock valued at $123,891,000 after purchasing an additional 1,048,714 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of MSC Industrial Direct by 26.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,124,573 shares of the industrial products company’s stock valued at $268,588,000 after purchasing an additional 649,201 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of MSC Industrial Direct by 105.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,179,178 shares of the industrial products company’s stock valued at $89,112,000 after purchasing an additional 604,873 shares in the last quarter. Finally, Schroder Investment Management Group boosted its stake in shares of MSC Industrial Direct by 52.7% during the 3rd quarter. Schroder Investment Management Group now owns 964,486 shares of the industrial products company’s stock valued at $72,250,000 after purchasing an additional 332,893 shares in the last quarter. 75.57% of the stock is currently owned by hedge funds and other institutional investors.

In other news, EVP Steven N. Baruch sold 5,762 shares of MSC Industrial Direct stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $81.25, for a total value of $468,162.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mitchell Jacobson sold 13,582 shares of MSC Industrial Direct stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $81.91, for a total transaction of $1,112,501.62. The disclosure for this sale can be found here. Insiders sold 225,541 shares of company stock valued at $18,264,812 over the last quarter. Company insiders own 31.28% of the company’s stock.

A number of research analysts recently issued reports on MSM shares. Credit Suisse Group set a $100.00 price target on shares of MSC Industrial Direct and gave the company a “buy” rating in a research report on Monday, December 4th. TheStreet raised shares of MSC Industrial Direct from a “c+” rating to a “b-” rating in a research report on Tuesday, November 28th. Stifel Nicolaus reissued a “hold” rating and set a $84.00 price target on shares of MSC Industrial Direct in a research report on Friday, November 3rd. Wells Fargo & Company set a $86.00 price target on shares of MSC Industrial Direct and gave the company a “hold” rating in a research report on Wednesday, November 1st. Finally, BMO Capital Markets lifted their price target on shares of MSC Industrial Direct from $83.00 to $92.00 and gave the company a “market perform” rating in a research report on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $88.17.

Shares of MSC Industrial Direct Co Inc (NYSE MSM) traded up $0.57 during trading on Friday, reaching $90.50. 280,148 shares of the company’s stock traded hands, compared to its average volume of 532,133. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.80 and a quick ratio of 0.97. The stock has a market capitalization of $5,100.00, a PE ratio of 22.40, a PEG ratio of 1.77 and a beta of 0.66. MSC Industrial Direct Co Inc has a twelve month low of $65.42 and a twelve month high of $105.70.

MSC Industrial Direct (NYSE:MSM) last issued its earnings results on Tuesday, October 31st. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.08. The business had revenue of $753.80 million during the quarter, compared to analysts’ expectations of $745.80 million. MSC Industrial Direct had a net margin of 8.01% and a return on equity of 19.42%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.02 earnings per share. research analysts forecast that MSC Industrial Direct Co Inc will post 4.45 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 28th. Stockholders of record on Tuesday, November 14th were paid a $0.48 dividend. The ex-dividend date of this dividend was Monday, November 13th. This is a positive change from MSC Industrial Direct’s previous quarterly dividend of $0.45. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.12%. MSC Industrial Direct’s payout ratio is currently 47.52%.

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MSC Industrial Direct Company Profile

MSC Industrial Direct Co, Inc is a North American distributor of metalworking and maintenance, repair and operations (MRO) products and services. The Company’s range of MRO products include cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock, 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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