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MSC Industrial Direct Co (NYSE:MSM) VP Christopher Davanzo sold 2,105 shares of MSC Industrial Direct Co stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $89.42, for a total value of $188,229.10. Following the completion of the sale, the vice president now directly owns 6,843 shares of the company’s stock, valued at approximately $611,901. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of MSC Industrial Direct Co (NYSE:MSM) traded up 0.58% on Wednesday, hitting $90.02. 240,257 shares of the company’s stock traded hands. MSC Industrial Direct Co has a 52-week low of $74.87 and a 52-week high of $96.62. The stock’s 50-day moving average is $88.98 and its 200-day moving average is $88.68. The company has a market cap of $5.619 billion and a P/E ratio of 24.59.

MSC Industrial Direct Co (NYSE:MSM) last announced its earnings results on Wednesday, July 9th. The company reported $1.06 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $1.06. The company had revenue of $720.50 million for the quarter, compared to the consensus estimate of $727.35 million. During the same quarter in the prior year, the company posted $1.05 earnings per share. The company’s quarterly revenue was up 13.1% on a year-over-year basis. On average, analysts predict that MSC Industrial Direct Co will post $3.95 earnings per share for the current fiscal year.

Several analysts have recently commented on the stock. Analysts at Raymond James reiterated an “outperform” rating on shares of MSC Industrial Direct Co in a research note on Thursday, July 10th. They now have a $95.00 price target on the stock, down previously from $100.00. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of MSC Industrial Direct Co in a research note on Thursday, July 10th. They now have a $89.00 price target on the stock, down previously from $90.00. Finally, analysts at Robert W. Baird reiterated a “neutral” rating on shares of MSC Industrial Direct Co in a research note on Thursday, July 10th. They now have a $96.00 price target on the stock, down previously from $98.00. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $95.38.

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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