7,648 Shares in MSC Industrial Direct Company, Inc. $MSM Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd purchased a new position in shares of MSC Industrial Direct Company, Inc. (NYSE:MSM) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 added to or reduced their stakes in the company. Elo Mutual Pension Insurance Co bought a new stake in MSC Industrial Direct in the third quarter worth about $1,096,000. Willis Investment Counsel raised its position in MSC Industrial Direct by 48.6% in the fourth quarter. Willis Investment Counsel now owns 37,870 shares of the industrial products company’s stock worth $3,185,000 after acquiring an additional 12,383 shares during the period. JPMorgan Chase & Co. raised its position in MSC Industrial Direct by 15.2% in the third quarter. JPMorgan Chase & Co. now owns 288,489 shares of the industrial products company’s stock worth $26,581,000 after acquiring an additional 38,088 shares during the period. Dimensional Fund Advisors LP raised its position in MSC Industrial Direct by 1.2% in the third quarter. Dimensional Fund Advisors LP now owns 1,322,432 shares of the industrial products company’s stock worth $121,842,000 after acquiring an additional 15,765 shares during the period. Finally, Cinctive Capital Management LP bought a new stake in MSC Industrial Direct in the third quarter worth about $2,298,000. 79.26% of the stock is currently owned by hedge funds and other institutional investors.

MSC Industrial Direct Stock Performance

Shares of MSM stock opened at $115.38 on Thursday. The firm has a market cap of $6.44 billion, a price-to-earnings ratio of 31.02 and a beta of 0.84. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.78 and a current ratio of 1.73. MSC Industrial Direct Company, Inc. has a 52 week low of $78.80 and a 52 week high of $119.13. The firm’s 50-day simple moving average is $103.03 and its two-hundred day simple moving average is $93.49.

MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings results 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). MSC Industrial Direct had a net margin of 5.42% and a return on equity of 16.06%. The business had revenue of $917.77 million during the quarter, compared to the consensus estimate of $931.69 million. During the same period last year, the firm earned $0.72 EPS. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. As a group, equities analysts forecast that MSC Industrial Direct Company, Inc. will post 4.33 earnings per share for the current year.

MSC Industrial Direct Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 8th were given a $0.87 dividend. The ex-dividend date of this dividend was Wednesday, April 8th. This represents a $3.48 annualized dividend and a dividend yield of 3.0%. MSC Industrial Direct’s payout ratio is 93.55%.

Wall Street Analyst Weigh In

Several brokerages have commented on MSM. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MSC Industrial Direct in a research report on Monday, April 27th. KeyCorp lifted their price objective on shares of MSC Industrial Direct from $117.00 to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 2nd. One investment analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, MSC Industrial Direct currently has a consensus rating of “Hold” and a consensus target price of $94.71.

About MSC Industrial Direct

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.