Sound Income Strategies LLC Grows Position in MSC Industrial Direct Co., Inc. (NYSE:MSM)

Sound Income Strategies LLC boosted its stake in shares of MSC Industrial Direct Co., Inc. (NYSE:MSM – Get Rating) by 12.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 51,911 shares of the industrial products company’s stock after purchasing an additional 5,789 shares during the period. Sound Income Strategies LLC owned about 0.09% of MSC Industrial Direct worth $4,241,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of MSM. Raymond James Financial Services Advisors Inc. lifted its position in MSC Industrial Direct by 465.4% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 19,687 shares of the industrial products company’s stock valued at $1,678,000 after purchasing an additional 16,205 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in MSC Industrial Direct by 3.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 13,636 shares of the industrial products company’s stock valued at $1,162,000 after purchasing an additional 447 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of MSC Industrial Direct by 115.7% in the first quarter. PNC Financial Services Group Inc. now owns 1,514 shares of the industrial products company’s stock valued at $128,000 after acquiring an additional 812 shares in the last quarter. Natixis Advisors L.P. lifted its position in shares of MSC Industrial Direct by 14.1% in the first quarter. Natixis Advisors L.P. now owns 24,042 shares of the industrial products company’s stock valued at $2,049,000 after acquiring an additional 2,974 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its position in shares of MSC Industrial Direct by 34.2% in the first quarter. MetLife Investment Management LLC now owns 30,438 shares of the industrial products company’s stock valued at $2,594,000 after acquiring an additional 7,749 shares in the last quarter. 73.89% of the stock is currently owned by hedge funds and other institutional investors.

MSC Industrial Direct Price Performance

Shares of NYSE:MSM traded down $2.41 during mid-day trading on Friday, reaching $78.24. The stock had a trading volume of 830,627 shares, compared to its average volume of 363,429. The company has a current ratio of 2.14, a quick ratio of 1.15 and a debt-to-equity ratio of 0.32. The company has a market cap of $4.37 billion, a P/E ratio of 12.34, a price-to-earnings-growth ratio of 2.71 and a beta of 1.02. MSC Industrial Direct Co., Inc. has a 1 year low of $71.32 and a 1 year high of $90.04. The business’s 50 day moving average price is $83.39 and its 200 day moving average price is $81.38.

MSC Industrial Direct (NYSE:MSM – Get Rating) last posted its earnings results on Thursday, January 5th. The industrial products company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.02. The company had revenue of $957.75 million for the quarter, compared to the consensus estimate of $948.17 million. MSC Industrial Direct had a return on equity of 26.97% and a net margin of 9.34%. Research analysts expect that MSC Industrial Direct Co., Inc. will post 6.07 EPS for the current fiscal year.

Insider Buying and Selling

In other MSC Industrial Direct news, EVP Douglas E. Jones sold 885 shares of the business’s stock in a transaction that occurred on Tuesday, February 7th. The stock was sold at an average price of $88.00, for a total transaction of $77,880.00. Following the sale, the executive vice president now directly owns 4,938 shares of the company’s stock, valued at $434,544. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other MSC Industrial Direct news, EVP Douglas E. Jones sold 23,918 shares of the business’s stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $89.92, for a total transaction of $2,150,706.56. Following the sale, the executive vice president now directly owns 5,823 shares of the company’s stock, valued at $523,604.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Douglas E. Jones sold 885 shares of the business’s stock in a transaction that occurred on Tuesday, February 7th. The stock was sold at an average price of $88.00, for a total value of $77,880.00. Following the sale, the executive vice president now directly owns 4,938 shares in the company, valued at $434,544. The disclosure for this sale can be found here. 28.39% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. StockNews.com assumed coverage on MSC Industrial Direct in a research report on Thursday. They issued a “buy” rating on the stock. Robert W. Baird boosted their price objective on MSC Industrial Direct from $92.00 to $95.00 in a research report on Friday, January 6th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $93.00.

MSC Industrial Direct Profile

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MSC Industrial Direct Co, Inc engages in the distribution of metalworking and maintenance, repair, and operations products and services. Its products include cutting tools, measuring instruments, tooling components, metalworking, fasteners, flat stock, raw materials, abrasives, machinery hand and power tools, safety and janitorial supplies, plumbing supplies, materials handling products, power transmission components, and electrical supplies.