Impact Partnership Wealth LLC Lowers Stock Holdings in MSC Industrial Direct Co., Inc. (NYSE:MSM)

Impact Partnership Wealth LLC lessened its stake in MSC Industrial Direct Co., Inc. (NYSE:MSM) by 40.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,995 shares of the industrial products company’s stock after selling 2,076 shares during the quarter. Impact Partnership Wealth LLC’s holdings in MSC Industrial Direct were worth $258,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. American Century Companies Inc. lifted its holdings in shares of MSC Industrial Direct by 85.1% during the 2nd quarter. American Century Companies Inc. now owns 2,733,228 shares of the industrial products company’s stock valued at $216,772,000 after acquiring an additional 1,256,706 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in MSC Industrial Direct by 7.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 938,980 shares of the industrial products company’s stock worth $74,467,000 after buying an additional 61,022 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in MSC Industrial Direct by 12.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 765,578 shares of the industrial products company’s stock worth $60,718,000 after buying an additional 84,967 shares in the last quarter. Disciplined Growth Investors Inc. MN lifted its holdings in MSC Industrial Direct by 1.9% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 606,702 shares of the industrial products company’s stock worth $48,118,000 after buying an additional 11,257 shares in the last quarter. Finally, Hennessy Advisors Inc. lifted its holdings in MSC Industrial Direct by 18.1% in the 2nd quarter. Hennessy Advisors Inc. now owns 288,100 shares of the industrial products company’s stock worth $22,849,000 after buying an additional 44,100 shares in the last quarter. Institutional investors and hedge funds own 79.26% of the company’s stock.

Analyst Ratings Changes

MSM has been the subject of several research analyst reports. JPMorgan Chase & Co. dropped their target price on shares of MSC Industrial Direct from $81.00 to $80.00 and set a “neutral” rating for the company in a research report on Wednesday, July 3rd. Loop Capital reduced their price target on shares of MSC Industrial Direct from $80.00 to $75.00 and set a “hold” rating for the company in a research note on Wednesday, July 3rd. Finally, Robert W. Baird upped their price target on shares of MSC Industrial Direct from $84.00 to $91.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $91.60.

MSC Industrial Direct Stock Down 3.8 %

MSM stock opened at $77.79 on Friday. MSC Industrial Direct Co., Inc. has a 12 month low of $75.05 and a 12 month high of $104.76. The firm has a market cap of $4.37 billion, a PE ratio of 15.10 and a beta of 0.86. The firm has a 50 day simple moving average of $82.03 and a 200 day simple moving average of $84.47. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.01 and a quick ratio of 0.92.

MSC Industrial Direct Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be paid a dividend of $0.85 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This is a positive change from MSC Industrial Direct’s previous quarterly dividend of $0.83. This represents a $3.40 annualized dividend and a yield of 4.37%. MSC Industrial Direct’s dividend payout ratio is currently 66.02%.

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.