ING Groep NV Purchases Shares of 23,500 MSC Industrial Direct Company, Inc. $MSM

ING Groep NV purchased a new stake in MSC Industrial Direct Company, Inc. (NYSE:MSM) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 23,500 shares of the industrial products company’s stock, valued at approximately $1,976,000.

Several other large investors have also recently bought and sold shares of MSM. Elo Mutual Pension Insurance Co bought a new stake in shares of MSC Industrial Direct during the 3rd quarter worth $1,096,000. Willis Investment Counsel lifted its holdings in shares of MSC Industrial Direct by 48.6% during the 4th quarter. Willis Investment Counsel now owns 37,870 shares of the industrial products company’s stock worth $3,185,000 after acquiring an additional 12,383 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of MSC Industrial Direct by 15.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 288,489 shares of the industrial products company’s stock worth $26,581,000 after acquiring an additional 38,088 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of MSC Industrial Direct by 1.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,322,432 shares of the industrial products company’s stock worth $121,842,000 after acquiring an additional 15,765 shares during the last quarter. Finally, Cinctive Capital Management LP bought a new stake in shares of MSC Industrial Direct during the 3rd quarter worth $2,298,000. 79.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MSM. KeyCorp lifted 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MSC Industrial Direct in a report on Monday, April 27th. One equities research analyst has rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, MSC Industrial Direct presently has an average rating of “Hold” and a consensus price target of $94.71.

MSC Industrial Direct Price Performance

Shares of NYSE:MSM opened at $117.07 on Wednesday. The stock has a market cap of $6.54 billion, a PE ratio of 31.47 and a beta of 0.84. The company’s fifty day moving average is $102.52 and its 200 day moving average is $93.27. MSC Industrial Direct Company, Inc. has a 52 week low of $78.80 and a 52 week high of $119.13. 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 issued its earnings results on Wednesday, April 1st. The industrial products company reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.02). The business had revenue of $917.77 million during the quarter, compared to analysts’ expectations of $931.69 million. MSC Industrial Direct had a return on equity of 16.06% and a net margin of 5.42%.MSC Industrial Direct’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.72 EPS. Research analysts anticipate that MSC Industrial Direct Company, Inc. will post 4.33 earnings per share for the current year.

MSC Industrial Direct Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 8th were given a $0.87 dividend. The ex-dividend date was Wednesday, April 8th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 3.0%. MSC Industrial Direct’s payout ratio is presently 93.55%.

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.