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

Van Lanschot Kempen Investment Management N.V. grew its position in shares of MSC Industrial Direct Company, Inc. (NYSE:MSM) by 2.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 349,263 shares of the industrial products company’s stock after purchasing an additional 9,211 shares during the quarter. Van Lanschot Kempen Investment Management N.V.’s holdings in MSC Industrial Direct were worth $29,373,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Cibc World Markets Corp purchased a new position in shares of MSC Industrial Direct during the 4th quarter worth about $1,034,000. Commonwealth Equity Services LLC lifted its holdings in shares of MSC Industrial Direct by 4.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 10,437 shares of the industrial products company’s stock worth $878,000 after acquiring an additional 443 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of MSC Industrial Direct by 1.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,342,935 shares of the industrial products company’s stock worth $112,951,000 after acquiring an additional 20,503 shares during the period. Asset Advisory Group Inc. purchased a new position in shares of MSC Industrial Direct during the 4th quarter worth about $309,000. Finally, Fuller & Thaler Asset Management Inc. lifted its holdings in shares of MSC Industrial Direct by 11.7% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,796,316 shares of the industrial products company’s stock worth $151,070,000 after acquiring an additional 187,440 shares during the period. 79.26% of the stock is owned by institutional investors and hedge funds.

MSC Industrial Direct Trading Up 0.8%

Shares of MSM stock opened at $116.46 on Friday. The firm has a market cap of $6.50 billion, a P/E ratio of 31.31 and a beta of 0.84. MSC Industrial Direct Company, Inc. has a 1-year low of $78.80 and a 1-year high of $119.13. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.73 and a quick ratio of 0.78. The firm’s 50-day simple moving average is $104.00 and its 200-day simple moving average is $93.85.

MSC Industrial Direct (NYSE:MSM) last announced its quarterly earnings data on Wednesday, April 1st. The industrial products company reported $0.82 earnings per share 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 company had revenue of $917.77 million for the quarter, compared to analysts’ expectations of $931.69 million. During the same quarter in the previous year, the company earned $0.72 earnings per share. The company’s revenue was up 2.9% on a year-over-year basis. As a group, equities analysts forecast that MSC Industrial Direct Company, Inc. will post 4.33 EPS for the current year.

MSC Industrial Direct Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of MSC Industrial Direct in a report on Monday, April 27th. KeyCorp increased their price objective on shares of MSC Industrial Direct from $117.00 to $120.00 and gave the stock an “overweight” rating in a report on Tuesday, June 2nd. One analyst has rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $94.71.

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.