Willis Investment Counsel Grows Holdings in MSC Industrial Direct Co., Inc. (NYSE:MSM)

Willis Investment Counsel boosted its holdings in MSC Industrial Direct Co., Inc. (NYSE:MSM) by 18.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,098 shares of the industrial products company’s stock after purchasing an additional 10,280 shares during the quarter. Willis Investment Counsel owned about 0.12% of MSC Industrial Direct worth $5,931,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in MSM. Logan Capital Management Inc. grew its stake in shares of MSC Industrial Direct by 3.9% during the 1st quarter. Logan Capital Management Inc. now owns 2,994 shares of the industrial products company’s stock worth $270,000 after purchasing an additional 113 shares during the period. Texas Permanent School Fund grew its stake in shares of MSC Industrial Direct by 0.3% during the 2nd quarter. Texas Permanent School Fund now owns 35,021 shares of the industrial products company’s stock worth $3,142,000 after purchasing an additional 118 shares during the period. People s United Financial Inc. grew its stake in shares of MSC Industrial Direct by 1.6% during the 2nd quarter. People s United Financial Inc. now owns 14,029 shares of the industrial products company’s stock worth $1,259,000 after purchasing an additional 223 shares during the period. Handelsbanken Fonder AB grew its stake in shares of MSC Industrial Direct by 4.1% during the 2nd quarter. Handelsbanken Fonder AB now owns 7,630 shares of the industrial products company’s stock worth $685,000 after purchasing an additional 300 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in MSC Industrial Direct by 2.0% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,586 shares of the industrial products company’s stock valued at $1,406,000 after acquiring an additional 304 shares during the last quarter. Hedge funds and other institutional investors own 75.18% of the company’s stock.

NYSE MSM traded up $0.89 during mid-day trading on Monday, hitting $85.32. The company’s stock had a trading volume of 989 shares, compared to its average volume of 375,104. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.70 and a quick ratio of 0.92. MSC Industrial Direct Co., Inc. has a 52-week low of $65.66 and a 52-week high of $96.23. The stock’s fifty day simple moving average is $82.76 and its two-hundred day simple moving average is $87.81. The firm has a market capitalization of $4.75 billion, a P/E ratio of 23.26 and a beta of 1.09.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 30th. Shareholders of record on Tuesday, November 16th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 3.52%. The ex-dividend date is Monday, November 15th. MSC Industrial Direct’s dividend payout ratio (DPR) is 63.29%.

A number of equities research analysts recently commented on the stock. KeyCorp lowered their price objective on shares of MSC Industrial Direct from $102.00 to $91.00 and set an “overweight” rating on the stock in a research note on Monday, September 27th. Zacks Investment Research cut shares of MSC Industrial Direct from a “buy” rating to a “hold” rating in a research note on Tuesday, September 28th. Deutsche Bank Aktiengesellschaft raised their price target on shares of MSC Industrial Direct from $96.00 to $98.00 and gave the stock a “hold” rating in a research note on Thursday, July 15th. Loop Capital began coverage on shares of MSC Industrial Direct in a research note on Tuesday, August 3rd. They set a “hold” rating and a $92.00 price target on the stock. Finally, TheStreet raised shares of MSC Industrial Direct from a “c+” rating to a “b+” rating in a research note on Wednesday, July 7th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $98.50.

About MSC Industrial Direct

MSC Industrial Direct Co, Inc engages in the distribution of metalworking, and maintenance, repair, and operations products and services to manufacturing companies. Its products include cutting tools, measuring instruments, tooling components, metalworking, 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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