Frank Rimerman Advisors LLC Has $596,000 Stake in MSC Industrial Direct Co., Inc. (NYSE:MSM)

Frank Rimerman Advisors LLC increased its holdings in shares of MSC Industrial Direct Co., Inc. (NYSE:MSM) by 2.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,925 shares of the industrial products company’s stock after purchasing an additional 161 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in MSC Industrial Direct were worth $596,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings in MSC Industrial Direct by 1,142.3% during the second quarter. Blue Trust Inc. now owns 323 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 297 shares during the last quarter. Ridgewood Investments LLC acquired a new position in MSC Industrial Direct during the second quarter worth $26,000. V Square Quantitative Management LLC acquired a new position in MSC Industrial Direct during the third quarter worth $26,000. UMB Bank n.a. boosted 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 worth $27,000 after purchasing an additional 252 shares during the last quarter. Finally, Quest Partners LLC raised its position in MSC Industrial Direct by 35,300.0% during the second quarter. Quest Partners LLC now owns 354 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 353 shares in the last quarter. Institutional investors and hedge funds own 79.26% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Loop Capital dropped their price target on shares of MSC Industrial Direct from $80.00 to $75.00 and set a “hold” rating on the stock in a research report on Wednesday, July 3rd. 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 report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. dropped 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 report on Friday. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $90.20.

MSC Industrial Direct Price Performance

Shares of MSM opened at $78.67 on Monday. The firm has a market capitalization of $4.41 billion, a PE ratio of 15.28 and a beta of 0.86. The company’s 50-day moving average is $82.00 and its 200-day moving average is $84.23. 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 debt-to-equity ratio of 0.21, a current ratio of 2.01 and a quick ratio of 0.92.

MSC Industrial Direct (NYSE:MSM) last issued its quarterly earnings data on Thursday, October 24th. The industrial products company reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.05). The company had revenue of $952.30 million during the quarter, compared to the consensus estimate of $959.74 million. MSC Industrial Direct had a net margin of 7.44% and a return on equity of 21.31%. MSC Industrial Direct’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.64 earnings per share. Equities analysts forecast that MSC Industrial Direct Co., Inc. will post 4.84 EPS for the current year.

MSC Industrial Direct Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 4.32%. This is a positive change from MSC Industrial Direct’s previous quarterly dividend of $0.83. The ex-dividend date is Wednesday, November 13th. MSC Industrial Direct’s dividend payout ratio (DPR) is currently 64.47%.

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.