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MSC Industrial Direct Co., Inc. (NYSE:MSM) Shares Purchased by XTX Topco Ltd

MSC Industrial Direct logo with Industrial Products background

XTX Topco Ltd increased its position in shares of MSC Industrial Direct Co., Inc. (NYSE:MSM - Free Report) by 398.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,860 shares of the industrial products company's stock after acquiring an additional 12,676 shares during the quarter. XTX Topco Ltd's holdings in MSC Industrial Direct were worth $1,365,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. grew its position in shares of MSC Industrial Direct by 1,142.3% in the second quarter. Blue Trust Inc. now owns 323 shares of the industrial products company's stock valued at $26,000 after purchasing an additional 297 shares during the period. Ridgewood Investments LLC purchased a new stake in MSC Industrial Direct in the 2nd quarter valued at about $26,000. V Square Quantitative Management LLC acquired a new position in shares of MSC Industrial Direct during the 3rd quarter valued at about $26,000. UMB Bank n.a. lifted its holdings in shares of MSC Industrial Direct by 442.1% during the 3rd quarter. UMB Bank n.a. now owns 309 shares of the industrial products company's stock worth $27,000 after acquiring an additional 252 shares during the period. Finally, Quest Partners LLC boosted its position in shares of MSC Industrial Direct by 35,300.0% in the second quarter. Quest Partners LLC now owns 354 shares of the industrial products company's stock worth $28,000 after acquiring an additional 353 shares during the last quarter. 79.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Philip Peller sold 900 shares of the company's stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $89.07, for a total value of $80,163.00. Following the sale, the director now directly owns 4,044 shares of the company's stock, valued at $360,199.08. This represents a 18.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Erik Gershwind sold 50,000 shares of the stock in a transaction 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 owns 1,402,849 shares in the company, valued at $126,761,435.64. This trade represents a 3.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 18.80% of the company's stock.

Analyst Ratings Changes

MSM has been the topic of a number of recent analyst reports. Robert W. Baird increased their price target on shares of MSC Industrial Direct from $84.00 to $91.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 16th. Stephens downgraded shares of MSC Industrial Direct from an "overweight" rating to an "equal weight" rating and set a $85.00 target price for the company. in a research report on Wednesday, December 4th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of MSC Industrial Direct from $87.00 to $73.00 and set a "neutral" rating for the company in a research note on Friday, October 25th. Seven investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $85.20.

Check Out Our Latest Report on MSC Industrial Direct

MSC Industrial Direct Stock Up 1.0 %

NYSE MSM traded up $0.82 on Monday, reaching $83.95. The company had a trading volume of 474,897 shares, compared to its average volume of 577,533. The firm has a market capitalization of $4.69 billion, a PE ratio of 18.33 and a beta of 0.89. The firm has a 50-day moving average of $83.58 and a 200-day moving average of $82.56. MSC Industrial Direct Co., Inc. has a 1 year low of $75.05 and a 1 year high of $104.76. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.96 and a quick ratio of 0.90.

MSC Industrial Direct (NYSE:MSM - Get Free Report) last announced its earnings results on Thursday, October 24th. The industrial products company reported $1.03 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $952.30 million during the quarter, compared to analysts' expectations of $959.74 million. During the same quarter last year, the company posted $1.64 earnings per share. MSC Industrial Direct's revenue for the quarter was down 8.0% compared to the same quarter last year. On average, equities research analysts anticipate that MSC Industrial Direct Co., Inc. will post 3.65 EPS for the current fiscal year.

MSC Industrial Direct Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a dividend of $0.85 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This is an increase from MSC Industrial Direct's previous quarterly dividend of $0.83. This represents a $3.40 annualized dividend and a dividend yield of 4.05%. MSC Industrial Direct's dividend payout ratio (DPR) is currently 74.24%.

MSC Industrial Direct Company Profile

(Free Report)

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.

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

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