MSC Industrial Direct Company, Inc. $MSM Shares Acquired by Van Lanschot Kempen Investment Management N.V.

Van Lanschot Kempen Investment Management N.V. boosted its holdings in MSC Industrial Direct Company, Inc. (NYSE:MSM) by 2.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 349,263 shares of the industrial products company’s stock after acquiring an additional 9,211 shares during the period. Van Lanschot Kempen Investment Management N.V. owned 0.63% of MSC Industrial Direct worth $29,373,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in MSM. Hantz Financial Services Inc. grew its stake in MSC Industrial Direct by 257.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 361 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 260 shares during the last quarter. Quarry LP grew its stake in 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 acquiring an additional 210 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in 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 acquiring an additional 326 shares during the last quarter. Allworth Financial LP grew its stake in MSC Industrial Direct by 25.9% in the 4th quarter. Allworth Financial LP now owns 628 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 129 shares during the last quarter. Finally, NewEdge Advisors LLC grew its stake in MSC Industrial Direct by 79.9% in the 1st quarter. NewEdge Advisors LLC now owns 750 shares of the industrial products company’s stock valued at $58,000 after acquiring an additional 333 shares during the last quarter. 79.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on MSM shares. KeyCorp increased their price objective on shares of MSC Industrial Direct from $117.00 to $120.00 and gave the company an “overweight” rating in a research note on Tuesday, June 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of MSC Industrial Direct in a research note on Monday, April 27th. One equities research analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $94.71.

MSC Industrial Direct Price Performance

MSC Industrial Direct stock opened at $116.46 on Friday. MSC Industrial Direct Company, Inc. has a 12-month low of $78.80 and a 12-month high of $119.13. The stock has a market capitalization of $6.50 billion, a P/E ratio of 31.31 and a beta of 0.84. The firm’s 50-day moving average is $104.00 and its two-hundred day moving average is $93.85. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.73 and a quick ratio of 0.78.

MSC Industrial Direct (NYSE:MSM) last released its quarterly earnings results on Wednesday, April 1st. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.02). MSC Industrial Direct had a return on equity of 16.06% and a net margin of 5.42%.The firm had revenue of $917.77 million for the quarter, compared to analyst estimates of $931.69 million. During the same period in the prior year, the business earned $0.72 earnings per share. MSC Industrial Direct’s revenue for the quarter was up 2.9% on a year-over-year basis. Equities analysts predict that MSC Industrial Direct Company, Inc. will post 4.33 earnings per share for the current year.

MSC Industrial Direct Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 8th were paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Wednesday, April 8th. MSC Industrial Direct’s dividend payout ratio (DPR) is currently 93.55%.

MSC Industrial Direct Company Profile

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.