WINTON GROUP Ltd purchased a new stake in MSC Industrial Direct Company, Inc. (NYSE:MSM – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 7,648 shares of the industrial products company’s stock, valued at approximately $643,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of MSM. Norges Bank bought a new stake in MSC Industrial Direct in the fourth quarter valued at $59,380,000. SG Capital Management LLC increased its stake in MSC Industrial Direct by 867.0% in the third quarter. SG Capital Management LLC now owns 360,988 shares of the industrial products company’s stock valued at $33,261,000 after purchasing an additional 323,659 shares in the last quarter. UBS Group AG increased its stake in MSC Industrial Direct by 110.7% in the third quarter. UBS Group AG now owns 479,244 shares of the industrial products company’s stock valued at $44,158,000 after purchasing an additional 251,759 shares in the last quarter. Concentric Capital Strategies LP increased its stake in MSC Industrial Direct by 303.6% in the third quarter. Concentric Capital Strategies LP now owns 204,974 shares of the industrial products company’s stock valued at $18,886,000 after purchasing an additional 154,192 shares in the last quarter. Finally, Quantinno Capital Management LP increased its stake in MSC Industrial Direct by 116.2% in the second quarter. Quantinno Capital Management LP now owns 269,210 shares of the industrial products company’s stock valued at $22,888,000 after purchasing an additional 144,666 shares in the last quarter. 79.26% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several research firms have weighed in on MSM. KeyCorp lifted their price target on shares of MSC Industrial Direct from $117.00 to $120.00 and gave the company an “overweight” rating in a research note on Tuesday, June 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of MSC Industrial Direct in a report on Monday, April 27th. One analyst has rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, MSC Industrial Direct currently has an average rating of “Hold” and an average price target of $94.71.
MSC Industrial Direct Stock Down 1.2%
Shares of NYSE MSM opened at $115.38 on Thursday. The stock has a market capitalization of $6.44 billion, a P/E ratio of 31.02 and a beta of 0.84. The company has a 50-day moving average price of $103.03 and a 200-day moving average price of $93.49. MSC Industrial Direct Company, Inc. has a 1 year low of $78.80 and a 1 year high of $119.13. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.73 and a quick ratio of 0.78.
MSC Industrial Direct (NYSE:MSM – Get Free Report) last issued its quarterly earnings data on Wednesday, April 1st. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.02). The business had revenue of $917.77 million for the quarter, compared to analyst estimates of $931.69 million. MSC Industrial Direct had a net margin of 5.42% and a return on equity of 16.06%. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.72 earnings per share. On average, equities research analysts forecast that MSC Industrial Direct Company, Inc. will post 4.33 EPS for the current fiscal year.
MSC Industrial Direct Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 8th were issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Wednesday, April 8th. MSC Industrial Direct’s dividend payout ratio (DPR) 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.
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