MSC Industrial Direct Co., Inc. (NYSE:MSM) Shares Purchased by Tectonic Advisors LLC

Tectonic Advisors LLC lifted its stake in MSC Industrial Direct Co., Inc. (NYSE:MSM) by 27.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 62,343 shares of the industrial products company’s stock after purchasing an additional 13,258 shares during the period. Tectonic Advisors LLC owned approximately 0.11% of MSC Industrial Direct worth $5,365,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Quent Capital LLC boosted its holdings in MSC Industrial Direct by 57.0% in the third quarter. Quent Capital LLC now owns 372 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 135 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of MSC Industrial Direct by 1.7% during the second quarter. Arizona State Retirement System now owns 12,609 shares of the industrial products company’s stock worth $1,000,000 after acquiring an additional 209 shares in the last quarter. UMB Bank n.a. raised its holdings in MSC Industrial Direct by 442.1% during the third quarter. UMB Bank n.a. now owns 309 shares of the industrial products company’s stock valued at $27,000 after buying an additional 252 shares in the last quarter. Matrix Trust Co increased its stake in shares of MSC Industrial Direct by 121.1% in 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, Bessemer Group Inc. boosted its holdings in MSC Industrial Direct by 261.7% during the first quarter. Bessemer Group Inc. now owns 387 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 280 shares in the last quarter. 79.26% of the stock is currently owned by hedge funds and other institutional investors.

MSC Industrial Direct Stock Down 3.8 %

MSM stock opened at $77.79 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.92 and a current ratio of 2.01. The business’s 50 day moving average price is $82.03 and its two-hundred day moving average price is $84.47. MSC Industrial Direct Co., Inc. has a fifty-two week low of $75.05 and a fifty-two week high of $104.76. The company has a market capitalization of $4.37 billion, a price-to-earnings ratio of 15.10 and a beta of 0.86.

MSC Industrial Direct Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date is Wednesday, November 13th. This is a positive change from MSC Industrial Direct’s previous quarterly dividend of $0.83. MSC Industrial Direct’s dividend payout ratio is presently 64.47%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Loop Capital decreased 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 report on Wednesday, July 3rd. JPMorgan Chase & Co. reduced their price objective on MSC Industrial Direct from $81.00 to $80.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 3rd. Finally, Robert W. Baird boosted their price objective on MSC Industrial Direct from $84.00 to $91.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $91.60.

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.