Butensky & Cohen Financial Security Inc. Has $4.14 Million Holdings in MSC Industrial Direct Co., Inc. (NYSE:MSM)

Butensky & Cohen Financial Security Inc. increased its position in MSC Industrial Direct Co., Inc. (NYSE:MSM) by 5.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,458 shares of the industrial products company’s stock after acquiring an additional 2,711 shares during the quarter. Butensky & Cohen Financial Security Inc. owned about 0.10% of MSC Industrial Direct worth $4,142,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MSM. Hotchkis & Wiley Capital Management LLC bought a new stake in MSC Industrial Direct in the 3rd quarter valued at $12,170,000. Renaissance Technologies LLC lifted its stake in shares of MSC Industrial Direct by 1,715.2% in the second quarter. Renaissance Technologies LLC now owns 143,400 shares of the industrial products company’s stock valued at $11,373,000 after buying an additional 135,500 shares during the period. Charles Schwab Investment Management Inc. grew its position in MSC Industrial Direct by 7.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,567,038 shares of the industrial products company’s stock worth $134,859,000 after buying an additional 113,878 shares in the last quarter. Millennium Management LLC grew its position in MSC Industrial Direct by 458.4% during the second quarter. Millennium Management LLC now owns 119,700 shares of the industrial products company’s stock worth $9,493,000 after buying an additional 98,265 shares in the last quarter. Finally, Pacer Advisors Inc. increased its stake in MSC Industrial Direct by 11.1% during the third quarter. Pacer Advisors Inc. now owns 918,235 shares of the industrial products company’s stock valued at $79,023,000 after acquiring an additional 91,369 shares during the period. Institutional investors and hedge funds own 79.26% of the company’s stock.

Insider Buying and Selling

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

Analyst Ratings Changes

A number of brokerages have commented on MSM. Wolfe Research assumed coverage on MSC Industrial Direct in a research report on Thursday. They issued an “outperform” rating and a $95.00 price objective for the company. JPMorgan Chase & Co. lowered their price target on shares of MSC Industrial Direct from $87.00 to $73.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Robert W. Baird raised their price objective on shares of MSC Industrial Direct from $84.00 to $91.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Finally, Stephens cut shares of MSC Industrial Direct from an “overweight” rating to an “equal weight” rating and set a $85.00 target price on the stock. in a research note on Wednesday, December 4th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $83.80.

MSC Industrial Direct Price Performance

NYSE:MSM opened at $81.87 on Friday. The firm has a market cap of $4.58 billion, a PE ratio of 19.54 and a beta of 0.91. The company’s 50-day moving average price is $81.65 and its two-hundred day moving average price is $81.91. The company has a quick ratio of 0.90, a current ratio of 1.93 and a debt-to-equity ratio of 0.21. MSC Industrial Direct Co., Inc. has a 12 month low of $72.79 and a 12 month high of $104.76.

MSC Industrial Direct (NYSE:MSM) last released its quarterly earnings results on Wednesday, January 8th. The industrial products company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.13. MSC Industrial Direct had a return on equity of 17.80% and a net margin of 6.21%. The business had revenue of $928.50 million for the quarter, compared to analyst estimates of $904.90 million. During the same period in the prior year, the company earned $1.25 EPS. MSC Industrial Direct’s revenue for the quarter was down 2.7% on a year-over-year basis. On average, equities analysts anticipate that MSC Industrial Direct Co., Inc. will post 3.53 EPS for the current fiscal year.

MSC Industrial Direct Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th will be issued a $0.85 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.15%. MSC Industrial Direct’s dividend payout ratio is 81.15%.

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.