Epoch Investment Partners Inc. Has $82.32 Million Stake in MSC Industrial Direct Company, Inc. $MSM

Epoch Investment Partners Inc. trimmed its position in shares of MSC Industrial Direct Company, Inc. (NYSE:MSM) by 3.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 978,863 shares of the industrial products company’s stock after selling 35,792 shares during the quarter. Epoch Investment Partners Inc. owned approximately 1.75% of MSC Industrial Direct worth $82,322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Kestra Advisory Services LLC acquired a new stake in shares of MSC Industrial Direct during the 4th quarter valued at about $48,000. CANADA LIFE ASSURANCE Co raised its stake in shares of MSC Industrial Direct by 14.0% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 39,758 shares of the industrial products company’s stock valued at $3,344,000 after acquiring an additional 4,874 shares in the last quarter. Bridgewater Associates LP bought a new position in shares of MSC Industrial Direct in the 4th quarter valued at approximately $798,000. UMB Bank n.a. raised its stake in shares of MSC Industrial Direct by 36.2% in the 4th quarter. UMB Bank n.a. now owns 715 shares of the industrial products company’s stock valued at $60,000 after acquiring an additional 190 shares in the last quarter. Finally, Hudson Bay Capital Management LP bought a new position in shares of MSC Industrial Direct in the 4th quarter valued at approximately $5,053,000. 79.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MSM. Weiss Ratings reissued a “hold (c)” rating on shares of MSC Industrial Direct in a research note on Monday, April 27th. KeyCorp raised their price objective on MSC Industrial Direct from $117.00 to $120.00 and gave the company an “overweight” rating in a research note on Tuesday, June 2nd. One analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, MSC Industrial Direct presently has an average rating of “Hold” and an average price target of $94.71.

MSC Industrial Direct Trading Up 0.8%

Shares of MSC Industrial Direct stock opened at $116.46 on Friday. The company’s fifty day simple moving average is $104.00 and its 200-day simple moving average is $93.85. The company has a market cap of $6.50 billion, a price-to-earnings ratio of 31.31 and a beta of 0.84. The company has a current ratio of 1.73, a quick ratio of 0.78 and a debt-to-equity ratio of 0.14. MSC Industrial Direct Company, Inc. has a 1 year low of $78.80 and a 1 year high of $119.13.

MSC Industrial Direct (NYSE:MSM) last announced its quarterly earnings data on Wednesday, April 1st. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.02). The company had revenue of $917.77 million during the quarter, compared to analyst estimates of $931.69 million. MSC Industrial Direct had a return on equity of 16.06% and a net margin of 5.42%.The company’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.72 EPS. As a group, sell-side analysts expect that MSC Industrial Direct Company, Inc. will post 4.33 EPS for the current year.

MSC Industrial Direct Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 8th were given a dividend of $0.87 per share. 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 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.