30,502 Shares in MSC Industrial Direct Co., Inc. (NYSE:MSM) Purchased by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. bought a new stake in MSC Industrial Direct Co., Inc. (NYSE:MSM) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 30,502 shares of the industrial products company’s stock, valued at approximately $2,278,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Altrius Capital Management Inc boosted its holdings in shares of MSC Industrial Direct by 0.3% in the 4th quarter. Altrius Capital Management Inc now owns 54,138 shares of the industrial products company’s stock valued at $4,044,000 after acquiring an additional 159 shares during the last quarter. Orion Portfolio Solutions LLC boosted its holdings in MSC Industrial Direct by 0.4% in the fourth quarter. Orion Portfolio Solutions LLC now owns 38,611 shares of the industrial products company’s stock valued at $2,884,000 after purchasing an additional 166 shares during the last quarter. UMB Bank n.a. grew its position in MSC Industrial Direct by 54.0% during the 4th quarter. UMB Bank n.a. now owns 476 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 167 shares during the period. M&T Bank Corp raised its stake in shares of MSC Industrial Direct by 4.9% during the 3rd quarter. M&T Bank Corp now owns 3,761 shares of the industrial products company’s stock valued at $324,000 after buying an additional 176 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in shares of MSC Industrial Direct by 9.6% during the 4th quarter. Blue Trust Inc. now owns 2,362 shares of the industrial products company’s stock valued at $176,000 after buying an additional 207 shares during the last quarter. Institutional investors and hedge funds own 79.26% of the company’s stock.

MSC Industrial Direct Price Performance

MSC Industrial Direct stock opened at $71.19 on Friday. The stock has a market capitalization of $3.98 billion, a P/E ratio of 16.99 and a beta of 0.89. The company’s fifty day moving average price is $79.50 and its 200 day moving average price is $81.35. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 1.93. MSC Industrial Direct Co., Inc. has a 1 year low of $70.13 and a 1 year high of $96.13.

MSC Industrial Direct (NYSE:MSM) last announced its earnings results on Thursday, April 3rd. The industrial products company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.04. The business had revenue of $891.70 million for the quarter, compared to analyst estimates of $908.30 million. MSC Industrial Direct had a net margin of 6.21% and a return on equity of 17.80%. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.18 earnings per share. As a group, equities research analysts anticipate that MSC Industrial Direct Co., Inc. will post 3.57 earnings per share for the current fiscal year.

MSC Industrial Direct Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be paid a dividend of $0.85 per share. The ex-dividend date is Wednesday, April 9th. This represents a $3.40 annualized dividend and a yield of 4.78%. MSC Industrial Direct’s dividend payout ratio (DPR) is currently 81.15%.

Analysts Set New Price Targets

Several research firms recently commented on MSM. Robert W. Baird dropped their target price on MSC Industrial Direct from $90.00 to $84.00 and set a “neutral” rating on the stock in a report on Friday. Wolfe Research initiated coverage on shares of MSC Industrial Direct in a report on Thursday, January 16th. They set an “outperform” rating and a $95.00 target price for the company. Finally, Loop Capital lowered their price target on shares of MSC Industrial Direct from $83.00 to $74.00 and set a “hold” rating on the stock in a report on Friday. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $82.20.

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.