Municipal Employees Retirement System of Michigan reduced its holdings in shares of MSC Industrial Direct Company, Inc. (NYSE:MSM) by 21.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,640 shares of the industrial products company’s stock after selling 3,760 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in MSC Industrial Direct were worth $1,031,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in MSM. Oregon Public Employees Retirement Fund increased its position in MSC Industrial Direct by 4.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 17,479 shares of the industrial products company’s stock valued at $1,502,000 after buying an additional 729 shares in the last quarter. LS Investment Advisors LLC grew its stake in MSC Industrial Direct by 14.0% during the 2nd quarter. LS Investment Advisors LLC now owns 4,186 shares of the industrial products company’s stock valued at $360,000 after purchasing an additional 514 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in MSC Industrial Direct by 4.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the industrial products company’s stock valued at $1,014,000 after purchasing an additional 500 shares during the last quarter. Aperio Group LLC grew its stake in MSC Industrial Direct by 5.0% during the 2nd quarter. Aperio Group LLC now owns 37,141 shares of the industrial products company’s stock valued at $3,193,000 after purchasing an additional 1,763 shares during the last quarter. Finally, State Treasurer State of Michigan grew its stake in MSC Industrial Direct by 2.2% during the 2nd quarter. State Treasurer State of Michigan now owns 18,600 shares of the industrial products company’s stock valued at $1,599,000 after purchasing an additional 400 shares during the last quarter. 73.67% of the stock is currently owned by institutional investors.

Several analysts have weighed in on the company. Zacks Investment Research upgraded MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research note on Wednesday, September 27th. TheStreet downgraded MSC Industrial Direct from a “b” rating to a “c+” rating in a research note on Wednesday, August 16th. BMO Capital Markets boosted their price target on MSC Industrial Direct from $83.00 to $92.00 and gave the company a “market perform” rating in a research note on Wednesday, November 1st. KeyCorp reiterated a “hold” rating on shares of MSC Industrial Direct in a research note on Sunday, September 17th. Finally, Susquehanna Bancshares Inc assumed coverage on MSC Industrial Direct in a research note on Monday, September 25th. They set a “neutral” rating and a $77.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company’s stock. MSC Industrial Direct presently has an average rating of “Hold” and an average target price of $88.31.

In other news, EVP Steven N. Baruch sold 5,762 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $81.25, for a total value of $468,162.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Mitchell Jacobson sold 33,866 shares of the company’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $82.39, for a total value of $2,790,219.74. Following the completion of the sale, the director now owns 35,932 shares in the company, valued at approximately $2,960,437.48. The disclosure for this sale can be found here. Insiders sold 225,541 shares of company stock worth $18,264,812 in the last 90 days. Company insiders own 31.28% of the company’s stock.

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Shares of MSC Industrial Direct Company, Inc. (NYSE:MSM) traded down $0.71 on Friday, hitting $81.49. The stock had a trading volume of 251,000 shares, compared to its average volume of 620,238. MSC Industrial Direct Company, Inc. has a 1 year low of $65.42 and a 1 year high of $105.70. The company has a quick ratio of 0.97, a current ratio of 1.80 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $4,595.30, a P/E ratio of 20.17, a price-to-earnings-growth ratio of 1.59 and a beta of 0.64.

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

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Stockholders of record on Tuesday, November 14th will be paid a $0.48 dividend. This is an increase from MSC Industrial Direct’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Monday, November 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.36%. MSC Industrial Direct’s dividend payout ratio is presently 47.52%.

About MSC Industrial Direct

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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