Vise Technologies Inc. Purchases New Holdings in MSC Industrial Direct Company, Inc. $MSM

Vise Technologies Inc. bought a new stake in MSC Industrial Direct Company, Inc. (NYSE:MSM) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 6,718 shares of the industrial products company’s stock, valued at approximately $571,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in MSM. Clearstead Trust LLC bought a new position in shares of MSC Industrial Direct in the 1st quarter valued at about $25,000. Investment Management Corp VA ADV lifted its holdings in MSC Industrial Direct by 207.8% in the first quarter. Investment Management Corp VA ADV now owns 397 shares of the industrial products company’s stock valued at $31,000 after buying an additional 268 shares during the period. Neo Ivy Capital Management bought a new position in MSC Industrial Direct in the first quarter valued at approximately $32,000. First Horizon Advisors Inc. grew its holdings in MSC Industrial Direct by 52.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 595 shares of the industrial products company’s stock worth $51,000 after acquiring an additional 204 shares during the period. Finally, NewEdge Advisors LLC raised its position in shares of MSC Industrial Direct by 79.9% during the 1st quarter. NewEdge Advisors LLC now owns 750 shares of the industrial products company’s stock valued at $58,000 after acquiring an additional 333 shares during the last quarter. Institutional investors own 79.26% of the company’s stock.

Insider Buying and Selling

In other MSC Industrial Direct news, Director Mitchell Jacobson bought 95,779 shares of the firm’s stock in a transaction that occurred on Thursday, October 30th. The stock was acquired at an average price of $84.92 per share, with a total value of $8,133,552.68. Following the completion of the transaction, the director owned 2,219,295 shares in the company, valued at approximately $188,462,531.40. This trade represents a 4.51% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have acquired a total of 181,806 shares of company stock worth $15,408,056 in the last ninety days. Corporate insiders own 18.30% of the company’s stock.

MSC Industrial Direct Stock Performance

MSM opened at $86.64 on Friday. The company has a market capitalization of $4.83 billion, a price-to-earnings ratio of 24.34 and a beta of 0.98. The business’s 50-day moving average price is $88.85 and its two-hundred day moving average price is $86.07. MSC Industrial Direct Company, Inc. has a 1 year low of $68.10 and a 1 year high of $94.31. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.68 and a quick ratio of 0.80.

MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings data on Thursday, October 23rd. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.06. MSC Industrial Direct had a return on equity of 15.21% and a net margin of 5.29%.The business had revenue of $978.18 million during the quarter, compared to the consensus estimate of $964.03 million. During the same period last year, the company earned $1.03 earnings per share. MSC Industrial Direct’s quarterly revenue was up 2.7% on a year-over-year basis. Equities analysts expect that MSC Industrial Direct Company, Inc. will post 3.57 EPS for the current fiscal year.

MSC Industrial Direct Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th will be given a $0.87 dividend. This is a boost from MSC Industrial Direct’s previous quarterly dividend of $0.85. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Wednesday, November 12th. MSC Industrial Direct’s payout ratio is presently 97.75%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on MSM shares. Weiss Ratings restated a “hold (c)” rating on shares of MSC Industrial Direct in a research report on Friday, October 31st. JPMorgan Chase & Co. boosted their price objective on shares of MSC Industrial Direct from $93.00 to $96.00 and gave the company an “overweight” rating in a report on Friday, October 24th. Zacks Research raised shares of MSC Industrial Direct from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Wolfe Research downgraded MSC Industrial Direct from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, October 8th. Finally, Wall Street Zen lowered MSC Industrial Direct from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, MSC Industrial Direct currently has an average rating of “Hold” and a consensus target price of $91.50.

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.