14,104 Shares in MSC Industrial Direct Co., Inc. (NYSE:MSM) Bought by WINTON GROUP Ltd

WINTON GROUP Ltd purchased a new stake in MSC Industrial Direct Co., Inc. (NYSE:MSM) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 14,104 shares of the industrial products company’s stock, valued at approximately $1,053,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Citigroup Inc. boosted its position in MSC Industrial Direct by 7.9% during the third quarter. Citigroup Inc. now owns 52,148 shares of the industrial products company’s stock worth $4,488,000 after purchasing an additional 3,840 shares during the period. Cerity Partners LLC grew its position in MSC Industrial Direct by 24.3% during the third quarter. Cerity Partners LLC now owns 5,595 shares of the industrial products company’s stock worth $482,000 after buying an additional 1,092 shares in the last quarter. BNP Paribas Financial Markets increased its stake in MSC Industrial Direct by 43.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 18,371 shares of the industrial products company’s stock worth $1,581,000 after acquiring an additional 5,563 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in MSC Industrial Direct in the 3rd quarter valued at $1,290,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of MSC Industrial Direct by 29.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,820 shares of the industrial products company’s stock valued at $1,017,000 after acquiring an additional 2,717 shares during the period. Institutional investors own 79.26% of the company’s stock.

Wall Street Analyst Weigh In

MSM has been the topic of a number of recent analyst reports. Wolfe Research began coverage on MSC Industrial Direct in a research report on Thursday, January 16th. They issued an “outperform” rating and a $95.00 price target on the stock. Stephens lowered shares of MSC Industrial Direct from an “overweight” rating to an “equal weight” rating and set a $85.00 target price on the stock. in a report on Wednesday, December 4th. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $83.80.

MSC Industrial Direct Stock Down 3.4 %

MSM stock opened at $77.77 on Friday. The firm has a 50-day moving average price of $80.14 and a 200-day moving average price of $81.45. MSC Industrial Direct Co., Inc. has a 12 month low of $72.79 and a 12 month high of $96.75. The company has a current ratio of 1.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $4.34 billion, a P/E ratio of 18.56 and a beta of 0.90.

MSC Industrial Direct (NYSE:MSM) last issued its quarterly earnings data on Wednesday, January 8th. The industrial products company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.73 by $0.13. The business had revenue of $928.50 million during the quarter, compared to the consensus estimate of $904.90 million. MSC Industrial Direct had a net margin of 6.21% and a return on equity of 17.80%. The firm’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.25 EPS. As a group, equities research analysts anticipate that MSC Industrial Direct Co., Inc. will post 3.57 EPS for the current fiscal year.

MSC Industrial Direct Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 9th will be issued a $0.85 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $3.40 dividend on an annualized basis and a yield of 4.37%. MSC Industrial Direct’s payout ratio is presently 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.