MSC Industrial Direct Company, Inc. $MSM Shares Purchased by LSV Asset Management

LSV Asset Management boosted its stake in MSC Industrial Direct Company, Inc. (NYSE:MSM) by 1,711.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,300 shares of the industrial products company’s stock after buying an additional 15,400 shares during the period. LSV Asset Management’s holdings in MSC Industrial Direct were worth $1,371,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Boston Partners increased its position in MSC Industrial Direct by 2.1% in the third quarter. Boston Partners now owns 1,764,875 shares of the industrial products company’s stock worth $162,605,000 after buying an additional 36,626 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of MSC Industrial Direct by 1.2% in the third quarter. Dimensional Fund Advisors LP now owns 1,322,432 shares of the industrial products company’s stock worth $121,842,000 after purchasing an additional 15,765 shares in the last quarter. Invesco Ltd. grew its stake in shares of MSC Industrial Direct by 1.6% in the third quarter. Invesco Ltd. now owns 1,246,655 shares of the industrial products company’s stock worth $114,867,000 after purchasing an additional 19,267 shares in the last quarter. Epoch Investment Partners Inc. grew its stake in shares of MSC Industrial Direct by 1.2% in the third quarter. Epoch Investment Partners Inc. now owns 1,014,655 shares of the industrial products company’s stock worth $93,490,000 after purchasing an additional 11,912 shares in the last quarter. Finally, Mackenzie Financial Corp grew its stake in shares of MSC Industrial Direct by 0.6% in the third quarter. Mackenzie Financial Corp now owns 511,336 shares of the industrial products company’s stock worth $47,114,000 after purchasing an additional 2,822 shares in the last quarter. 79.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on MSM shares. Weiss Ratings reissued a “hold (c)” rating on shares of MSC Industrial Direct in a research note on Monday, April 27th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $95.00 price target on shares of MSC Industrial Direct in a research note on Friday, February 6th. KeyCorp raised MSC Industrial Direct from a “sector weight” rating to an “overweight” rating and set a $117.00 price target for the company in a research note on Monday, April 27th. Wall Street Zen cut MSC Industrial Direct from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, iA Financial set a $95.00 price target on MSC Industrial Direct in a research note on Friday, February 6th. One research analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, MSC Industrial Direct has an average rating of “Hold” and an average target price of $94.29.

MSC Industrial Direct Trading Down 1.1%

Shares of MSM stock opened at $107.62 on Thursday. The stock has a 50-day simple moving average of $97.95 and a 200 day simple moving average of $91.57. MSC Industrial Direct Company, Inc. has a fifty-two week low of $78.80 and a fifty-two week high of $109.67. The stock has a market capitalization of $6.01 billion, a P/E ratio of 28.93 and a beta of 0.83. The company has a quick ratio of 0.78, a current ratio of 1.73 and a debt-to-equity ratio of 0.14.

MSC Industrial Direct (NYSE:MSM) last announced its earnings results 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 net margin of 5.42% and a return on equity of 16.06%. The firm had revenue of $917.77 million for the quarter, compared to the consensus estimate of $931.69 million. During the same period in the prior year, the business earned $0.72 EPS. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, sell-side analysts expect that MSC Industrial Direct Company, Inc. will post 4.33 earnings per share for the current fiscal year.

MSC Industrial Direct Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 22nd. Investors of record on Wednesday, April 8th were paid a dividend of $0.87 per share. The ex-dividend date of this dividend was Wednesday, April 8th. This represents a $3.48 annualized dividend and a yield of 3.2%. MSC Industrial Direct’s dividend payout ratio (DPR) is currently 93.55%.

MSC Industrial Direct 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.