Quantinno Capital Management LP Grows Stock Position in MSC Industrial Direct Co., Inc. (NYSE:MSM)

Quantinno Capital Management LP grew its position in MSC Industrial Direct Co., Inc. (NYSE:MSM - Free Report) by 37.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,917 shares of the industrial products company's stock after purchasing an additional 12,628 shares during the quarter. Quantinno Capital Management LP owned approximately 0.08% of MSC Industrial Direct worth $3,952,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quent Capital LLC lifted its holdings in MSC Industrial Direct by 57.0% during the 3rd quarter. Quent Capital LLC now owns 372 shares of the industrial products company's stock worth $32,000 after buying an additional 135 shares during the last quarter. First Horizon Advisors Inc. grew its stake in MSC Industrial Direct by 53.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 407 shares of the industrial products company's stock worth $35,000 after buying an additional 141 shares during the last quarter. Frank Rimerman Advisors LLC grew its position in MSC Industrial Direct by 2.4% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 6,925 shares of the industrial products company's stock worth $596,000 after purchasing an additional 161 shares during the last quarter. US Bancorp DE increased its position in MSC Industrial Direct by 6.5% in the 3rd quarter. US Bancorp DE now owns 2,833 shares of the industrial products company's stock valued at $244,000 after acquiring an additional 173 shares during the period. Finally, Arizona State Retirement System grew its stake in shares of MSC Industrial Direct by 1.7% during the 2nd quarter. Arizona State Retirement System now owns 12,609 shares of the industrial products company's stock worth $1,000,000 after purchasing an additional 209 shares during the period. Institutional investors and hedge funds own 79.26% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Robert W. Baird boosted their price target on MSC Industrial Direct from $84.00 to $91.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. dropped their target price on shares of MSC Industrial Direct from $87.00 to $73.00 and set a "neutral" rating for the company in a report on Friday, October 25th. Finally, Stephens lowered MSC Industrial Direct from an "overweight" rating to an "equal weight" rating and set a $85.00 target price on the stock. in a research note on Wednesday, December 4th. Seven research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $85.20.

Insider Buying and Selling at MSC Industrial Direct

In other MSC Industrial Direct news, CEO Erik Gershwind sold 50,000 shares of MSC Industrial Direct stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $90.36, for a total transaction of $4,518,000.00. Following the transaction, the chief executive officer now directly owns 1,402,849 shares of the company's stock, valued at $126,761,435.64. The trade was a 3.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Philip Peller sold 900 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $89.07, for a total transaction of $80,163.00. Following the completion of the sale, the director now directly owns 4,044 shares of the company's stock, valued at $360,199.08. The trade was a 18.20 % decrease in their position. The disclosure for this sale can be found here. 18.80% of the stock is owned by company insiders.

MSC Industrial Direct Trading Up 1.0 %

NYSE MSM traded up $0.82 during mid-day trading on Monday, reaching $83.95. 474,897 shares of the stock were exchanged, compared to its average volume of 577,533. The stock has a market capitalization of $4.69 billion, a PE ratio of 18.15 and a beta of 0.89. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.90 and a current ratio of 1.96. MSC Industrial Direct Co., Inc. has a 1-year low of $75.05 and a 1-year high of $104.76. The business's fifty day simple moving average is $83.62 and its 200 day simple moving average is $82.59.

MSC Industrial Direct (NYSE:MSM - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The industrial products company reported $1.03 EPS for the quarter, missing analysts' consensus estimates of $1.08 by ($0.05). MSC Industrial Direct had a net margin of 6.77% and a return on equity of 19.35%. The business had revenue of $952.30 million during the quarter, compared to analysts' expectations of $959.74 million. During the same period in the prior year, the firm earned $1.64 EPS. MSC Industrial Direct's revenue for the quarter was down 8.0% on a year-over-year basis. On average, research analysts anticipate that MSC Industrial Direct Co., Inc. will post 3.65 earnings per share for the current fiscal year.

MSC Industrial Direct Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a dividend of $0.85 per share. This is a positive change from MSC Industrial Direct's previous quarterly dividend of $0.83. The ex-dividend date was Wednesday, November 13th. This represents a $3.40 annualized dividend and a yield of 4.05%. MSC Industrial Direct's dividend payout ratio is 74.24%.

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.