WINTON GROUP Ltd Increases Position in MSC Industrial Direct Co Inc (MSM)

WINTON GROUP Ltd increased its stake in MSC Industrial Direct Co Inc (NYSE:MSM) by 106.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 112,202 shares of the industrial products company’s stock after acquiring an additional 57,922 shares during the period. WINTON GROUP Ltd owned about 0.20% of MSC Industrial Direct worth $9,886,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Macquarie Group Ltd. purchased a new position in MSC Industrial Direct in the second quarter worth $110,000. Nomura Holdings Inc. bought a new stake in MSC Industrial Direct in the second quarter worth $219,000. Meeder Asset Management Inc. lifted its stake in MSC Industrial Direct by 374.5% in the second quarter. Meeder Asset Management Inc. now owns 3,089 shares of the industrial products company’s stock worth $262,000 after purchasing an additional 2,438 shares during the last quarter. Itau Unibanco Holding S.A. lifted its stake in MSC Industrial Direct by 703.7% in the second quarter. Itau Unibanco Holding S.A. now owns 3,271 shares of the industrial products company’s stock worth $278,000 after purchasing an additional 2,864 shares during the last quarter. Finally, AMP Capital Investors Ltd bought a new stake in MSC Industrial Direct in the second quarter worth $331,000. Institutional investors own 75.89% of the company’s stock.

In related news, Director Denis F. Kelly sold 1,500 shares of the stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $88.43, for a total value of $132,645.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Rustom Jilla sold 2,500 shares of the stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $87.50, for a total transaction of $218,750.00. The disclosure for this sale can be found here. Corporate insiders own 31.28% of the company’s stock.

MSM has been the subject of several recent research reports. Northcoast Research set a $95.00 price target on shares of MSC Industrial Direct and gave the stock a “buy” rating in a research note on Friday, July 13th. Gordon Haskett initiated coverage on shares of MSC Industrial Direct in a research note on Friday, October 12th. They issued a “buy” rating for the company. Zacks Investment Research raised shares of MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $97.00 price target for the company in a research note on Wednesday, September 26th. ValuEngine raised shares of MSC Industrial Direct from a “sell” rating to a “hold” rating in a research note on Saturday, July 14th. Finally, Buckingham Research initiated coverage on shares of MSC Industrial Direct in a research note on Friday, October 12th. They issued a “neutral” rating and a $89.00 price target for the company. Ten equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $100.00.

Shares of NYSE:MSM opened at $87.13 on Friday. The stock has a market cap of $5.02 billion, a PE ratio of 17.15, a PEG ratio of 1.00 and a beta of 0.64. The company has a quick ratio of 1.28, a current ratio of 2.34 and a debt-to-equity ratio of 0.22. MSC Industrial Direct Co Inc has a 12 month low of $75.34 and a 12 month high of $99.94.

MSC Industrial Direct (NYSE:MSM) last issued its quarterly earnings data on Tuesday, October 30th. The industrial products company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.29 by $0.03. The firm had revenue of $838.00 million during the quarter, compared to the consensus estimate of $838.88 million. MSC Industrial Direct had a net margin of 10.28% and a return on equity of 21.36%. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.07 earnings per share. On average, equities analysts anticipate that MSC Industrial Direct Co Inc will post 5.9 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 27th. Stockholders of record on Tuesday, November 13th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 2.89%. This is an increase from MSC Industrial Direct’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Friday, November 9th. MSC Industrial Direct’s dividend payout ratio is 45.67%.

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About MSC Industrial Direct

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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Institutional Ownership by Quarter for MSC Industrial Direct (NYSE:MSM)

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