Truvestments Capital LLC Has $156,000 Stake in MSC Industrial Direct Co., Inc. (NYSE:MSM)

Truvestments Capital LLC decreased its position in shares of MSC Industrial Direct Co., Inc. (NYSE:MSM) by 29.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,084 shares of the industrial products company’s stock after selling 854 shares during the period. Truvestments Capital LLC’s holdings in MSC Industrial Direct were worth $156,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Advisors Asset Management Inc. grew its stake in shares of MSC Industrial Direct by 8,289.7% during the third quarter. Advisors Asset Management Inc. now owns 17,031 shares of the industrial products company’s stock valued at $1,466,000 after purchasing an additional 16,828 shares during the last quarter. Barclays PLC grew its stake in shares of MSC Industrial Direct by 36.9% during the third quarter. Barclays PLC now owns 25,490 shares of the industrial products company’s stock valued at $2,195,000 after purchasing an additional 6,864 shares during the last quarter. Pathstone Holdings LLC grew its stake in shares of MSC Industrial Direct by 36.4% during the third quarter. Pathstone Holdings LLC now owns 23,114 shares of the industrial products company’s stock valued at $1,989,000 after purchasing an additional 6,172 shares during the last quarter. XTX Topco Ltd grew its stake in shares of MSC Industrial Direct by 398.1% during the third quarter. XTX Topco Ltd now owns 15,860 shares of the industrial products company’s stock valued at $1,365,000 after purchasing an additional 12,676 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of MSC Industrial Direct by 892.9% during the third quarter. Farther Finance Advisors LLC now owns 695 shares of the industrial products company’s stock valued at $60,000 after purchasing an additional 625 shares during the last quarter. 79.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MSM. Wolfe Research began coverage on shares of MSC Industrial Direct in a research note on Thursday, January 16th. They set an “outperform” rating and a $95.00 price target on the stock. Stephens cut shares of MSC Industrial Direct from an “overweight” rating to an “equal weight” rating and set a $85.00 price target on the stock. in a research note on Wednesday, December 4th. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, MSC Industrial Direct has an average rating of “Hold” and a consensus price target of $83.80.

MSC Industrial Direct Price Performance

Shares of MSM stock opened at $76.14 on Thursday. MSC Industrial Direct Co., Inc. has a 52-week low of $72.79 and a 52-week high of $100.35. The stock has a market cap of $4.25 billion, a PE ratio of 18.17 and a beta of 0.90. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 1.93. The firm’s 50 day moving average price is $80.67 and its two-hundred day moving average price is $81.65.

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

MSC Industrial Direct Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th were given a dividend of $0.85 per share. The ex-dividend date was Wednesday, January 15th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.47%. 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.