TD Private Client Wealth LLC Sells 1,008 Shares of MSC Industrial Direct Co., Inc. (NYSE:MSM)

TD Private Client Wealth LLC reduced its holdings in MSC Industrial Direct Co., Inc. (NYSE:MSM) by 3.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 24,667 shares of the industrial products company’s stock after selling 1,008 shares during the quarter. TD Private Client Wealth LLC’s holdings in MSC Industrial Direct were worth $1,842,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Royce & Associates LP grew its stake in MSC Industrial Direct by 76.0% in the fourth quarter. Royce & Associates LP now owns 424,437 shares of the industrial products company’s stock valued at $31,701,000 after acquiring an additional 183,343 shares during the period. Hotchkis & Wiley Capital Management LLC acquired a new stake in MSC Industrial Direct in the third quarter valued at approximately $12,170,000. Charles Schwab Investment Management Inc. grew its stake in MSC Industrial Direct by 8.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,693,256 shares of the industrial products company’s stock valued at $126,469,000 after acquiring an additional 126,218 shares during the period. Boston Trust Walden Corp grew its stake in MSC Industrial Direct by 20.5% in the fourth quarter. Boston Trust Walden Corp now owns 618,103 shares of the industrial products company’s stock valued at $46,166,000 after acquiring an additional 105,265 shares during the period. Finally, Boston Partners grew its stake in MSC Industrial Direct by 7.2% in the fourth quarter. Boston Partners now owns 1,434,415 shares of the industrial products company’s stock valued at $107,168,000 after acquiring an additional 96,335 shares during the period. 79.26% of the stock is currently owned by institutional investors.

MSC Industrial Direct Stock Down 0.9 %

Shares of NYSE:MSM opened at $77.46 on Friday. The stock has a market cap of $4.33 billion, a price-to-earnings ratio of 18.49 and a beta of 0.90. The company has a quick ratio of 0.91, a current ratio of 1.93 and a debt-to-equity ratio of 0.21. MSC Industrial Direct Co., Inc. has a 12-month low of $72.79 and a 12-month high of $100.35. The business’s 50 day moving average is $80.35 and its 200 day moving average is $81.43.

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

Analyst Ratings Changes

A number of brokerages have commented on MSM. Stephens cut MSC Industrial Direct from an “overweight” rating to an “equal weight” rating and set a $85.00 price objective for the company. in a research note on Wednesday, December 4th. Wolfe Research began coverage on MSC Industrial Direct in a research note on Thursday, January 16th. They issued an “outperform” rating and a $95.00 price objective for the company. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, MSC Industrial Direct currently has a consensus rating of “Hold” and a consensus target price of $83.80.

About MSC Industrial Direct

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.