MSC Industrial Direct Company, Inc. (MSM) To Go Ex-Dividend on April 8th

MSC Industrial Direct Company, Inc. (NYSE:MSM) declared a quarterly dividend on Thursday, March 19th. Stockholders of record on Wednesday, April 8th will be paid a dividend of 0.87 per share by the industrial products company on Wednesday, April 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Wednesday, April 8th.

MSC Industrial Direct has decreased its dividend by an average of 0.2%annually over the last three years and has raised its dividend annually for the last 3 consecutive years. MSC Industrial Direct has a dividend payout ratio of 89.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect MSC Industrial Direct to earn $4.05 per share next year, which means the company should continue to be able to cover its $3.48 annual dividend with an expected future payout ratio of 85.9%.

MSC Industrial Direct Stock Performance

NYSE:MSM opened at $85.64 on Friday. The stock has a 50 day simple moving average of $90.00 and a 200 day simple moving average of $88.41. The stock has a market cap of $4.78 billion, a P/E ratio of 23.40 and a beta of 0.81. MSC Industrial Direct has a 1-year low of $68.10 and a 1-year high of $96.99. The company has a current ratio of 1.73, a quick ratio of 0.82 and a debt-to-equity ratio of 0.15.

MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings data on Wednesday, January 7th. The industrial products company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.04. The firm had revenue of $965.68 million for the quarter, compared to analysts’ expectations of $962.52 million. MSC Industrial Direct had a return on equity of 15.73% and a net margin of 5.37%.The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.86 EPS. Research analysts anticipate that MSC Industrial Direct will post 3.57 earnings per share for the current year.

Institutional Investors Weigh In On MSC Industrial Direct

A number of large investors have recently bought and sold shares of MSM. Quent Capital LLC acquired a new stake in shares of MSC Industrial Direct during the 3rd quarter worth approximately $31,000. Hantz Financial Services Inc. raised its position in MSC Industrial Direct by 257.4% during the third quarter. Hantz Financial Services Inc. now owns 361 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 260 shares in the last quarter. Quarry LP boosted its holdings in shares of MSC Industrial Direct by 71.7% in the 3rd quarter. Quarry LP now owns 503 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 210 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of MSC Industrial Direct in the 4th quarter valued at $48,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of MSC Industrial Direct by 130.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 576 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 326 shares in the last quarter. 79.26% of the stock is currently owned by institutional investors and hedge funds.

About MSC Industrial Direct

MSC Industrial Direct Co, Inc (NYSE: MSM) is a leading distributor of metalworking and maintenance, repair and operations (MRO) products serving a broad range of industrial customers across North America. The company offers an extensive portfolio of cutting tools, abrasives, measuring and inspection instruments, fasteners, safety supplies and other essential components used in manufacturing, metalworking and production environments. MSC delivers products through a multi-channel distribution network, including an extensive branch system, e-commerce platform and dedicated sales force.

In addition to its core product offerings, MSC Industrial Direct provides value-added services designed to improve productivity and reduce downtime for its customers.