Cutler Group LP boosted its holdings in shares of MSC Industrial Direct Co Inc (NYSE:MSM) by 457.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,431 shares of the industrial products company’s stock after buying an additional 1,831 shares during the period. Cutler Group LP’s holdings in MSC Industrial Direct were worth $138,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Wasatch Advisors Inc. raised its position in MSC Industrial Direct by 13.2% during the fourth quarter. Wasatch Advisors Inc. now owns 5,130 shares of the industrial products company’s stock valued at $496,000 after purchasing an additional 600 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. raised its position in MSC Industrial Direct by 5.5% during the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 22,407 shares of the industrial products company’s stock valued at $2,166,000 after purchasing an additional 1,160 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in MSC Industrial Direct by 30.6% during the third quarter. Public Employees Retirement System of Ohio now owns 372,507 shares of the industrial products company’s stock valued at $28,150,000 after purchasing an additional 87,188 shares in the last quarter. GSA Capital Partners LLP raised its position in MSC Industrial Direct by 37.4% during the third quarter. GSA Capital Partners LLP now owns 13,182 shares of the industrial products company’s stock valued at $996,000 after purchasing an additional 3,589 shares in the last quarter. Finally, DF Dent & Co. Inc. raised its position in MSC Industrial Direct by 37.5% during the third quarter. DF Dent & Co. Inc. now owns 4,407 shares of the industrial products company’s stock valued at $333,000 after purchasing an additional 1,203 shares in the last quarter. 75.53% of the stock is owned by institutional investors.

In other news, Director Mitchell Jacobson sold 104,101 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $80.91, for a total value of $8,422,811.91. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Steven N. Baruch sold 5,762 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $81.25, for a total value of $468,162.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 301,627 shares of company stock worth $25,525,942. Insiders own 31.38% of the company’s stock.

A number of research firms have weighed in on MSM. Susquehanna Bancshares restated a “hold” rating and set a $92.00 price target on shares of MSC Industrial Direct in a research report on Wednesday, January 3rd. Zacks Investment Research downgraded MSC Industrial Direct from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. UBS Group downgraded MSC Industrial Direct from a “strong-buy” rating to an “outperform” rating in a report on Thursday, January 4th. Raymond James Financial reiterated an “outperform” rating and issued a $105.00 price objective (up previously from $95.00) on shares of MSC Industrial Direct in a report on Thursday, January 4th. They noted that the move was a valuation call. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $112.00 price objective (up previously from $100.00) on shares of MSC Industrial Direct in a report on Tuesday, January 9th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. MSC Industrial Direct currently has an average rating of “Hold” and an average target price of $95.54.

MSC Industrial Direct Co Inc (MSM) traded down $1.30 during trading on Wednesday, reaching $93.45. The company’s stock had a trading volume of 977,600 shares, compared to its average volume of 975,710. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.04 and a current ratio of 1.92. The company has a market cap of $5,130.00, a PE ratio of 22.52, a price-to-earnings-growth ratio of 1.39 and a beta of 0.67. MSC Industrial Direct Co Inc has a fifty-two week low of $65.42 and a fifty-two week high of $105.70.

MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings data on Wednesday, January 10th. The industrial products company reported $1.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by ($0.01). The firm had revenue of $768.60 million for the quarter, compared to the consensus estimate of $770.95 million. MSC Industrial Direct had a net margin of 7.97% and a return on equity of 19.37%. The business’s revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.95 earnings per share. equities analysts forecast that MSC Industrial Direct Co Inc will post 5 EPS for the current year.

MSC Industrial Direct declared that its Board of Directors has authorized a share repurchase program on Wednesday, January 10th that permits the company to repurchase 2,000,000 shares. This repurchase authorization permits the industrial products company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 30th. Shareholders of record on Tuesday, January 16th will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 2.48%. This is a boost from MSC Industrial Direct’s previous quarterly dividend of $0.48. The ex-dividend date is Friday, January 12th. MSC Industrial Direct’s payout ratio is presently 46.27%.

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MSC Industrial Direct 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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