Robeco Institutional Asset Management B.V. Has $19.56 Million Stock Position in MSC Industrial Direct Co., Inc. (NYSE:MSM)

Robeco Institutional Asset Management B.V. reduced its stake in shares of MSC Industrial Direct Co., Inc. (NYSE:MSM - Free Report) by 43.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 193,199 shares of the industrial products company's stock after selling 150,709 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.34% of MSC Industrial Direct worth $19,563,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of MSM. Bison Wealth LLC boosted its position in MSC Industrial Direct by 7.3% in the 4th quarter. Bison Wealth LLC now owns 2,685 shares of the industrial products company's stock valued at $272,000 after buying an additional 182 shares during the last quarter. Verity Asset Management Inc. increased its position in MSC Industrial Direct by 3.9% in the third quarter. Verity Asset Management Inc. now owns 5,141 shares of the industrial products company's stock worth $505,000 after purchasing an additional 193 shares during the period. Arizona State Retirement System raised its holdings in MSC Industrial Direct by 1.7% during the 3rd quarter. Arizona State Retirement System now owns 13,495 shares of the industrial products company's stock worth $1,325,000 after purchasing an additional 221 shares during the last quarter. Butensky & Cohen Financial Security Inc. lifted its position in MSC Industrial Direct by 0.5% during the 4th quarter. Butensky & Cohen Financial Security Inc. now owns 50,106 shares of the industrial products company's stock valued at $5,074,000 after purchasing an additional 240 shares during the period. Finally, Contravisory Investment Management Inc. bought a new position in shares of MSC Industrial Direct in the 4th quarter valued at about $25,000. Institutional investors and hedge funds own 79.26% of the company's stock.

Analysts Set New Price Targets

MSM has been the topic of several analyst reports. StockNews.com upgraded shares of MSC Industrial Direct from a "hold" rating to a "buy" rating in a report on Friday, May 10th. Stephens restated an "overweight" rating and issued a $110.00 price target on shares of MSC Industrial Direct in a research report on Monday, April 1st. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $107.00.

MSC Industrial Direct Trading Down 1.1 %

NYSE:MSM traded down $1.00 during trading hours on Friday, hitting $91.15. The stock had a trading volume of 375,387 shares, compared to its average volume of 339,609. The business's 50 day moving average is $94.25 and its 200-day moving average is $97.14. The company has a market cap of $5.13 billion, a price-to-earnings ratio of 16.36 and a beta of 0.96. MSC Industrial Direct Co., Inc. has a one year low of $89.24 and a one year high of $105.77. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.92 and a current ratio of 2.01.

MSC Industrial Direct (NYSE:MSM - Get Free Report) last issued its quarterly earnings data on Thursday, March 28th. The industrial products company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.16 by $0.02. MSC Industrial Direct had a return on equity of 22.58% and a net margin of 7.89%. The business had revenue of $935.30 million for the quarter, compared to the consensus estimate of $946.55 million. During the same quarter last year, the business posted $1.45 EPS. The firm's revenue was down 2.7% compared to the same quarter last year. Sell-side analysts anticipate that MSC Industrial Direct Co., Inc. will post 5.69 EPS for the current fiscal year.

MSC Industrial Direct Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th were issued a dividend of $0.83 per share. The ex-dividend date of this dividend was Monday, April 8th. This represents a $3.32 annualized dividend and a yield of 3.64%. MSC Industrial Direct's dividend payout ratio (DPR) is currently 59.61%.

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.