Landscape Capital Management L.L.C. Acquires New Position in MSC Industrial Direct Co., Inc. (NYSE:MSM)

Landscape Capital Management L.L.C. bought a new position in MSC Industrial Direct Co., Inc. (NYSE:MSM) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 30,502 shares of the industrial products company’s stock, valued at approximately $2,278,000. Landscape Capital Management L.L.C. owned approximately 0.05% of MSC Industrial Direct at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

MSM has been the subject of several research reports. Robert W. Baird lowered their price target on shares of MSC Industrial Direct from $90.00 to $84.00 and set a “neutral” rating for the company in a research report on Friday. Loop Capital lowered their target price on MSC Industrial Direct from $83.00 to $74.00 and set a “hold” rating for the company in a report on Friday. Finally, Wolfe Research assumed coverage on MSC Industrial Direct in a report on Thursday, January 16th. They issued an “outperform” rating and a $95.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $82.20.

MSC Industrial Direct Stock Down 5.3 %

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

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

MSC Industrial Direct Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 4.78%. MSC Industrial Direct’s payout ratio is 81.15%.

MSC Industrial Direct 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.