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MSC Industrial Direct (NYSE:MSM) Director Mitchell Jacobson sold 1,900 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 $88.61, for a total value of $168,359.00. Following the sale, the director now directly owns 82,038 shares of the company’s stock, valued at approximately $7,269,387. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings results on Wednesday, January 8th. The company reported $0.99 earnings per share for the quarter, beating the analysts’ 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 prior year, the company posted $1.01 earnings per share. The company’s quarterly revenue was up 17.5% on a year-over-year basis.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, January 28th. Stockholders 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 1.50%. The ex-dividend date of this dividend is Friday, January 10th.

A number of analysts have recently weighed in on MSM shares. 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 stock. The company currently has a consensus rating of “Buy” and a consensus price target 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.

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