UMB Bank n.a. Has $36,000 Holdings in MSC Industrial Direct Co., Inc. (NYSE:MSM)

UMB Bank n.a. increased its position in shares of MSC Industrial Direct Co., Inc. (NYSE:MSM) by 54.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 476 shares of the industrial products company’s stock after purchasing an additional 167 shares during the period. UMB Bank n.a.’s holdings in MSC Industrial Direct were worth $36,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new stake in shares of MSC Industrial Direct in the 3rd quarter valued at about $26,000. Quent Capital LLC increased its holdings in shares of MSC Industrial Direct by 57.0% during the 3rd quarter. Quent Capital LLC now owns 372 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 135 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in MSC Industrial Direct by 53.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 407 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 141 shares during the last quarter. Matrix Trust Co boosted its position in MSC Industrial Direct by 121.1% during the third quarter. Matrix Trust Co now owns 462 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 253 shares during the period. Finally, Farther Finance Advisors LLC raised its position in shares of MSC Industrial Direct by 892.9% in 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 period. Institutional investors and hedge funds own 79.26% of the company’s stock.

Insider Activity

In other news, Director Philip Peller sold 900 shares of MSC Industrial Direct stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $89.07, for a total transaction of $80,163.00. Following the transaction, the director now owns 4,044 shares in the company, valued at approximately $360,199.08. The trade was a 18.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Erik Gershwind sold 50,000 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $90.36, for a total value of $4,518,000.00. Following the completion of the sale, the chief executive officer now owns 1,402,849 shares of the company’s stock, valued at $126,761,435.64. The trade was a 3.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.30% of the stock is currently owned by insiders.

MSC Industrial Direct Stock Up 0.6 %

Shares of MSM opened at $82.99 on Friday. The firm has a 50 day simple moving average of $81.19 and a two-hundred day simple moving average of $82.10. The company has a market cap of $4.64 billion, a P/E ratio of 19.81 and a beta of 0.91. MSC Industrial Direct Co., Inc. has a one year low of $72.79 and a one year high of $104.76. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.93 and a quick ratio of 0.91.

MSC Industrial Direct (NYSE:MSM) last released its quarterly earnings data on Wednesday, January 8th. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.13. The business had revenue of $928.50 million during 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 firm’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.25 EPS. Research analysts forecast that MSC Industrial Direct Co., Inc. will post 3.57 EPS for the current fiscal year.

MSC Industrial Direct Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th will be issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 4.10%. The ex-dividend date is Wednesday, January 15th. MSC Industrial Direct’s dividend payout ratio (DPR) is currently 81.15%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MSM. Robert W. Baird increased their price target on shares of MSC Industrial Direct from $84.00 to $91.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Wolfe Research assumed coverage on MSC Industrial Direct in a research report on Thursday, January 16th. They set an “outperform” rating and a $95.00 price objective on the stock. JPMorgan Chase & Co. decreased their price target on shares of MSC Industrial Direct from $87.00 to $73.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Finally, Stephens lowered shares of MSC Industrial Direct from an “overweight” rating to an “equal weight” rating and set a $85.00 target price on the stock. in a research report on Wednesday, December 4th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock presently 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.