MSC Industrial Direct Co., Inc. (NYSE:MSM) Shares Bought by Van Lanschot Kempen Investment Management N.V.

Van Lanschot Kempen Investment Management N.V. increased its holdings in MSC Industrial Direct Co., Inc. (NYSE:MSM - Free Report) by 3.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 272,664 shares of the industrial products company's stock after buying an additional 8,382 shares during the period. Van Lanschot Kempen Investment Management N.V. owned about 0.49% of MSC Industrial Direct worth $20,365,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of MSM. American Century Companies Inc. lifted its stake in shares of MSC Industrial Direct by 6.0% during the 4th quarter. American Century Companies Inc. now owns 3,418,260 shares of the industrial products company's stock worth $255,310,000 after purchasing an additional 193,860 shares during the last quarter. First Trust Advisors LP lifted its position in shares of MSC Industrial Direct by 29.2% during the fourth quarter. First Trust Advisors LP now owns 1,987,455 shares of the industrial products company's stock valued at $148,443,000 after buying an additional 448,708 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of MSC Industrial Direct by 8.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,693,256 shares of the industrial products company's stock valued at $126,469,000 after buying an additional 126,218 shares during the last quarter. Boston Partners boosted its holdings in shares of MSC Industrial Direct by 7.2% in the 4th quarter. Boston Partners now owns 1,434,415 shares of the industrial products company's stock valued at $107,168,000 after buying an additional 96,335 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of MSC Industrial Direct by 127.5% in the 4th quarter. Invesco Ltd. now owns 1,206,811 shares of the industrial products company's stock worth $90,137,000 after buying an additional 676,238 shares during the last quarter. Hedge funds and other institutional investors own 79.26% of the company's stock.

Insiders Place Their Bets

In other MSC Industrial Direct news, Director Mitchell Jacobson acquired 27,642 shares of the company's stock in a transaction dated Tuesday, April 8th. The shares were acquired at an average cost of $69.77 per share, with a total value of $1,928,582.34. Following the acquisition, the director now directly owns 1,951,725 shares of the company's stock, valued at approximately $136,171,853.25. The trade was a 1.44 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 18.30% of the stock is currently owned by insiders.

MSC Industrial Direct Stock Performance

Shares of NYSE MSM traded down $0.38 during midday trading on Friday, reaching $77.62. The company had a trading volume of 300,604 shares, compared to its average volume of 637,364. MSC Industrial Direct Co., Inc. has a 1 year low of $68.10 and a 1 year high of $94.31. The business's 50-day simple moving average is $77.54 and its 200 day simple moving average is $80.35. The company has a current ratio of 1.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21. The stock has a market cap of $4.33 billion, a P/E ratio of 18.53 and a beta of 0.89.

MSC Industrial Direct (NYSE:MSM - Get Free Report) last issued its earnings results on Thursday, April 3rd. The industrial products company reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.04. The company had revenue of $891.70 million during the quarter, compared to analyst estimates of $908.30 million. MSC Industrial Direct had a return on equity of 17.80% and a net margin of 6.21%. The firm's quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the business posted $1.18 EPS. On average, analysts forecast 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 announced a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th were given a $0.85 dividend. The ex-dividend date of this dividend was Wednesday, April 9th. This represents a $3.40 dividend on an annualized basis and a yield of 4.38%. MSC Industrial Direct's dividend payout ratio is currently 89.71%.

Analyst Upgrades and Downgrades

MSM has been the subject of several recent analyst reports. Wolfe Research upgraded shares of MSC Industrial Direct to a "strong-buy" rating in a research note on Sunday, April 6th. Loop Capital decreased their price objective on MSC Industrial Direct from $83.00 to $74.00 and set a "hold" rating for the company in a report on Friday, April 4th. Finally, 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 research note on Friday, April 4th. Seven investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, MSC Industrial Direct presently has an average rating of "Hold" and an average target price of $82.20.

About MSC Industrial Direct

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.