Share on StockTwits

MSC Industrial Direct (NYSE:MSM) SVP Steve Armstrong sold 3,422 shares of MSC Industrial Direct stock on the open market in a transaction dated Friday, January 17th. The stock was sold at an average price of $88.79, for a total value of $303,839.38. Following the transaction, the senior vice president now directly owns 12,060 shares in the company, valued at approximately $1,070,807. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

MSC Industrial Direct (NYSE:MSM) traded down 0.14% during mid-day trading on Tuesday, hitting $88.23. 192,562 shares of the company’s stock traded hands. MSC Industrial Direct has a 52 week low of $74.87 and a 52 week high of $89.16. The stock’s 50-day moving average is $81.32 and its 200-day moving average is $79.88. The company has a market cap of $5.482 billion and a P/E ratio of 24.02.

MSC Industrial Direct (NYSE:MSM) last issued its quarterly earnings data on Wednesday, January 8th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.04. The company had revenue of $678.50 million for the quarter, compared to the consensus estimate of $673.54 million. During the same quarter in the previous year, the company posted $1.01 earnings per share. The company’s revenue for the quarter was up 17.5% on a year-over-year basis. Analysts expect that MSC Industrial Direct will post $3.99 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, January 28th. Investors of record on Tuesday, January 14th will be given a dividend of 0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Friday, January 10th.

Several analysts have recently commented on the stock. Analysts at Jefferies Group upgraded shares of MSC Industrial Direct from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, January 14th. Separately, analysts at Barclays raised their price target on shares of MSC Industrial Direct from $78.00 to $83.00 in a research note to investors on Thursday, January 9th. They now have an “equal weight” rating on the stock. Finally, analysts at Robert W. Baird raised their price target on shares of MSC Industrial Direct from $87.00 to $89.00 in a research note to investors on Thursday, January 9th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $89.26.

MSC Industrial Direct Co, Inc (NYSE:MSM) is direct marketers and distributors of a range of metalworking and maintenance, repair and operations (MRO) products to customers throughout the United States.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.