Koshinski Asset Management Inc. raised its stake in shares of MSC Industrial Direct Co., Inc. (NYSE:MSM – Get Rating) by 222.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,615 shares of the industrial products company's stock after purchasing an additional 8,700 shares during the period. Koshinski Asset Management Inc.'s holdings in MSC Industrial Direct were worth $948,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Commerce Bank increased its position in MSC Industrial Direct by 3.1% during the first quarter. Commerce Bank now owns 5,141 shares of the industrial products company's stock worth $438,000 after purchasing an additional 154 shares during the last quarter. Northwest Investment Counselors LLC increased its position in shares of MSC Industrial Direct by 1.3% in the first quarter. Northwest Investment Counselors LLC now owns 14,302 shares of the industrial products company's stock worth $1,219,000 after acquiring an additional 177 shares in the last quarter. Lincoln National Corp increased its position in shares of MSC Industrial Direct by 2.4% in the first quarter. Lincoln National Corp now owns 9,771 shares of the industrial products company's stock worth $833,000 after acquiring an additional 229 shares in the last quarter. William Blair Investment Management LLC increased its position in shares of MSC Industrial Direct by 4.5% in the first quarter. William Blair Investment Management LLC now owns 5,350 shares of the industrial products company's stock worth $456,000 after acquiring an additional 232 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its position in shares of MSC Industrial Direct by 1.6% in the first quarter. Treasurer of the State of North Carolina now owns 16,527 shares of the industrial products company's stock worth $1,408,000 after acquiring an additional 258 shares in the last quarter. Institutional investors and hedge funds own 76.00% of the company's stock.
Get MSC Industrial Direct alerts:MSC Industrial Direct Trading Down 1.2 %
NYSE MSM opened at $74.82 on Thursday. MSC Industrial Direct Co., Inc. has a 12 month low of $71.69 and a 12 month high of $87.99. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.37 and a quick ratio of 1.27. The company has a market capitalization of $4.19 billion, a price-to-earnings ratio of 13.88, a price-to-earnings-growth ratio of 2.42 and a beta of 1.04. The company's fifty day moving average price is $80.41 and its two-hundred day moving average price is $80.76.
MSC Industrial Direct (NYSE:MSM – Get Rating) last posted its quarterly earnings data on Wednesday, June 29th. The industrial products company reported $1.82 EPS for the quarter, beating analysts' consensus estimates of $1.75 by $0.07. MSC Industrial Direct had a net margin of 8.62% and a return on equity of 25.72%. The firm had revenue of $958.60 million for the quarter, compared to the consensus estimate of $962.54 million. During the same period in the prior year, the firm posted $1.42 EPS. The firm's revenue was up 10.7% compared to the same quarter last year. As a group, research analysts predict that MSC Industrial Direct Co., Inc. will post 6.14 earnings per share for the current fiscal year.Insider Buying and Selling at MSC Industrial Direct
In other news, SVP Elizabeth Bledsoe sold 4,701 shares of the firm's stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $74.53, for a total value of $350,365.53. Following the transaction, the senior vice president now directly owns 1,816 shares in the company, valued at approximately $135,346.48. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, SVP Kimberly Shacklett sold 8,057 shares of the firm's stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $85.00, for a total value of $684,845.00. Following the transaction, the senior vice president now directly owns 9,000 shares in the company, valued at approximately $765,000. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Elizabeth Bledsoe sold 4,701 shares of the firm's stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $74.53, for a total transaction of $350,365.53. Following the completion of the transaction, the senior vice president now owns 1,816 shares in the company, valued at $135,346.48. The disclosure for this sale can be found here. Insiders have sold 37,059 shares of company stock worth $3,052,688 in the last ninety days. 28.28% of the stock is owned by insiders.
Analysts Set New Price Targets
MSM has been the subject of several recent research reports. Robert W. Baird dropped their price objective on shares of MSC Industrial Direct from $105.00 to $100.00 and set an "outperform" rating for the company in a research report on Thursday, June 30th. William Blair downgraded shares of MSC Industrial Direct from an "outperform" rating to a "market perform" rating in a research note on Wednesday, June 29th. Finally, Stephens decreased their target price on shares of MSC Industrial Direct to $100.00 in a research note on Monday, July 4th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $98.25.
About MSC Industrial Direct
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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, and the United Kingdom. Its 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.
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