WINTON GROUP Ltd grew its position in shares of MSC Industrial Direct Co Inc (NYSE:MSM) by 106.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 112,202 shares of the industrial products company’s stock after buying an additional 57,922 shares during the quarter. WINTON GROUP Ltd’s holdings in MSC Industrial Direct were worth $9,886,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Macquarie Group Ltd. purchased a new stake in shares of MSC Industrial Direct during the second quarter valued at approximately $110,000. Nomura Holdings Inc. purchased a new stake in shares of MSC Industrial Direct during the second quarter valued at approximately $219,000. Meeder Asset Management Inc. grew its holdings in shares of MSC Industrial Direct by 374.5% during the second quarter. Meeder Asset Management Inc. now owns 3,089 shares of the industrial products company’s stock valued at $262,000 after buying an additional 2,438 shares during the last quarter. Itau Unibanco Holding S.A. grew its holdings in shares of MSC Industrial Direct by 703.7% during the second quarter. Itau Unibanco Holding S.A. now owns 3,271 shares of the industrial products company’s stock valued at $278,000 after buying an additional 2,864 shares during the last quarter. Finally, AMP Capital Investors Ltd purchased a new stake in shares of MSC Industrial Direct during the second quarter valued at approximately $331,000. Hedge funds and other institutional investors own 75.89% of the company’s stock.
MSM opened at $87.13 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.28 and a current ratio of 2.34. MSC Industrial Direct Co Inc has a 1-year low of $75.34 and a 1-year high of $99.94. The company has a market capitalization of $5.02 billion, a price-to-earnings ratio of 17.15, a price-to-earnings-growth ratio of 1.00 and a beta of 0.64.
MSC Industrial Direct (NYSE:MSM) last released its quarterly earnings results on Tuesday, October 30th. The industrial products company reported $1.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.29 by $0.03. MSC Industrial Direct had a net margin of 10.28% and a return on equity of 21.36%. The business had revenue of $838.00 million for the quarter, compared to the consensus estimate of $838.88 million. During the same period last year, the firm earned $1.07 earnings per share. The company’s quarterly revenue was up 11.2% on a year-over-year basis. On average, equities analysts anticipate that MSC Industrial Direct Co Inc will post 5.9 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 27th. Shareholders of record on Tuesday, November 13th will be given a $0.63 dividend. The ex-dividend date is Friday, November 9th. This is an increase from MSC Industrial Direct’s previous quarterly dividend of $0.58. This represents a $2.52 annualized dividend and a yield of 2.89%. MSC Industrial Direct’s dividend payout ratio (DPR) is presently 45.67%.
In other MSC Industrial Direct news, CFO Rustom Jilla sold 2,500 shares of the stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $87.50, for a total value of $218,750.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Denis F. Kelly sold 1,500 shares of the stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $88.43, for a total transaction of $132,645.00. The disclosure for this sale can be found here. 31.28% of the stock is currently owned by company insiders.
Several equities research analysts recently issued reports on the stock. Gordon Haskett assumed coverage on shares of MSC Industrial Direct in a report on Friday, October 12th. They issued a “buy” rating on the stock. Zacks Investment Research upgraded shares of MSC Industrial Direct from a “sell” rating to a “hold” rating in a report on Sunday, July 15th. ValuEngine upgraded shares of MSC Industrial Direct from a “sell” rating to a “hold” rating in a report on Saturday, July 14th. Buckingham Research assumed coverage on shares of MSC Industrial Direct in a report on Friday, October 12th. They issued a “neutral” rating and a $89.00 target price on the stock. Finally, Northcoast Research set a $95.00 target price on shares of MSC Industrial Direct and gave the stock a “buy” rating in a report on Friday, July 13th. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $100.00.
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MSC Industrial Direct Company Profile
MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes various ranges of metalworking and maintenance, repair, and operations (MRO) products primarily in the United States, Canada, and the United Kingdom. The company's MRO products comprise cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock, raw materials, abrasives, machinery hand and power tools, safety and janitorial supplies, plumbing supplies, materials handling products, power transmission components, and electrical supplies.
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