Paradice Investment Management LLC Sells 232,883 Shares of MSC Industrial Direct Co., Inc. (NYSE:MSM)

Paradice Investment Management LLC lowered its stake in shares of MSC Industrial Direct Co., Inc. (NYSE:MSMFree Report) by 38.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 369,987 shares of the industrial products company’s stock after selling 232,883 shares during the quarter. MSC Industrial Direct comprises approximately 4.7% of Paradice Investment Management LLC’s investment portfolio, making the stock its 6th largest holding. Paradice Investment Management LLC owned about 0.66% of MSC Industrial Direct worth $37,465,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of MSM. Vanguard Group Inc. increased its holdings in MSC Industrial Direct by 4.3% in the 3rd quarter. Vanguard Group Inc. now owns 4,817,016 shares of the industrial products company’s stock worth $472,790,000 after buying an additional 197,193 shares during the period. Invesco Ltd. increased its holdings in MSC Industrial Direct by 39.9% in the 3rd quarter. Invesco Ltd. now owns 462,756 shares of the industrial products company’s stock worth $45,420,000 after buying an additional 131,943 shares during the period. AQR Capital Management LLC increased its holdings in MSC Industrial Direct by 19.6% in the 3rd quarter. AQR Capital Management LLC now owns 769,908 shares of the industrial products company’s stock worth $75,566,000 after buying an additional 125,944 shares during the period. Pacer Advisors Inc. increased its holdings in MSC Industrial Direct by 23.0% in the 4th quarter. Pacer Advisors Inc. now owns 605,437 shares of the industrial products company’s stock worth $61,307,000 after buying an additional 113,068 shares during the period. Finally, WealthPlan Investment Management LLC increased its holdings in MSC Industrial Direct by 332.0% in the 3rd quarter. WealthPlan Investment Management LLC now owns 124,768 shares of the industrial products company’s stock worth $12,246,000 after buying an additional 95,887 shares during the period. Institutional investors and hedge funds own 79.26% of the company’s stock.

MSC Industrial Direct Price Performance

Shares of NYSE:MSM traded down $1.00 during midday trading on Friday, reaching $91.15. 375,387 shares of the company’s stock traded hands, compared to its average volume of 339,609. MSC Industrial Direct Co., Inc. has a 1 year low of $89.24 and a 1 year high of $105.77. The company has a market cap of $5.13 billion, a P/E ratio of 16.36 and a beta of 0.96. 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 company has a fifty day simple moving average of $94.25 and a two-hundred day simple moving average of $97.11.

MSC Industrial Direct (NYSE:MSMGet Free Report) last announced its earnings results on Thursday, March 28th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.02. MSC Industrial Direct had a return on equity of 22.58% and a net margin of 7.89%. The firm had revenue of $935.30 million for the quarter, compared to analyst estimates of $946.55 million. During the same quarter last year, the firm posted $1.45 EPS. The business’s revenue was down 2.7% on a year-over-year basis. Equities analysts predict that MSC Industrial Direct Co., Inc. will post 5.69 EPS for the current fiscal year.

MSC Industrial Direct Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th were paid a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 3.64%. The ex-dividend date was Monday, April 8th. MSC Industrial Direct’s dividend payout ratio is currently 59.61%.

Analyst Ratings Changes

Several equities research analysts have commented on MSM shares. StockNews.com upgraded MSC Industrial Direct from a “hold” rating to a “buy” rating in a research report on Friday, May 10th. Stephens restated an “overweight” rating and issued a $110.00 price objective on shares of MSC Industrial Direct in a research report on Monday, April 1st. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, MSC Industrial Direct presently has an average rating of “Moderate Buy” and an average target price of $107.00.

Get Our Latest Research Report on MSM

About MSC Industrial Direct

(Free Report)

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.

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Institutional Ownership by Quarter for MSC Industrial Direct (NYSE:MSM)

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