MSC Industrial Direct Company, Inc. (NYSE:MSM) Director Philip Peller bought 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 19th. The shares were purchased at an average cost of $72.00 per share, with a total value of $72,000.00. Following the transaction, the director now directly owns 2,422 shares of the company’s stock, valued at $174,384. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Shares of MSC Industrial Direct Company, Inc. (MSM) traded up 0.13% during mid-day trading on Thursday, hitting $71.86. 560,593 shares of the stock traded hands. The firm has a market cap of $4.09 billion, a price-to-earnings ratio of 17.92 and a beta of 0.54. MSC Industrial Direct Company, Inc. has a 12-month low of $69.96 and a 12-month high of $105.70. The firm’s 50 day moving average price is $83.20 and its 200 day moving average price is $93.38.

MSC Industrial Direct (NYSE:MSM) last issued its quarterly earnings data on Wednesday, July 12th. The industrial products company reported $1.09 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.09. The firm had revenue of $743.90 million for the quarter, compared to analysts’ expectations of $744.49 million. MSC Industrial Direct had a net margin of 8.07% and a return on equity of 20.05%. The firm’s revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.05 EPS. On average, equities research analysts predict that MSC Industrial Direct Company, Inc. will post $3.98 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 1st. Investors of record on Tuesday, July 18th will be paid a $0.45 dividend. The ex-dividend date is Friday, July 14th. This represents a $1.80 dividend on an annualized basis and a yield of 2.51%. MSC Industrial Direct’s payout ratio is 45.11%.

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A number of research analysts have issued reports on MSM shares. KeyCorp reaffirmed a “sector weight” rating on shares of MSC Industrial Direct in a report on Tuesday, April 4th. Barclays PLC reaffirmed a “sell” rating and issued a $85.00 price target on shares of MSC Industrial Direct in a report on Friday, April 7th. Zacks Investment Research raised shares of MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $108.00 target price for the company in a report on Saturday, April 8th. Credit Suisse Group raised shares of MSC Industrial Direct from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $92.00 to $100.00 in a report on Wednesday, April 19th. Finally, Raymond James Financial, Inc. upgraded shares of MSC Industrial Direct from a “market perform” rating to a “buy” rating and set a $103.00 price target on the stock in a research report on Wednesday, April 19th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $92.00.

A number of large investors have recently modified their holdings of MSM. State Street Corp boosted its stake in shares of MSC Industrial Direct by 1.7% in the first quarter. State Street Corp now owns 1,203,471 shares of the industrial products company’s stock worth $123,670,000 after buying an additional 20,473 shares during the last quarter. SRS Capital Advisors Inc. boosted its stake in shares of MSC Industrial Direct by 6.9% in the first quarter. SRS Capital Advisors Inc. now owns 3,393 shares of the industrial products company’s stock worth $348,000 after buying an additional 218 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of MSC Industrial Direct by 4.9% in the first quarter. Russell Investments Group Ltd. now owns 100,408 shares of the industrial products company’s stock worth $10,319,000 after buying an additional 4,720 shares during the last quarter. Cookson Peirce & Co. Inc. boosted its stake in shares of MSC Industrial Direct by 1,625.4% in the first quarter. Cookson Peirce & Co. Inc. now owns 49,000 shares of the industrial products company’s stock worth $5,035,000 after buying an additional 46,160 shares during the last quarter. Finally, Prudential Financial Inc. boosted its stake in shares of MSC Industrial Direct by 689.8% in the first quarter. Prudential Financial Inc. now owns 242,756 shares of the industrial products company’s stock worth $24,945,000 after buying an additional 212,020 shares during the last quarter. 77.56% of the stock is currently owned by hedge funds and other institutional investors.

About MSC Industrial Direct

MSC Industrial Direct Co, Inc is a North American distributor of metalworking and maintenance, repair and operations (MRO) products and services. The Company’s range of MRO products include cutting tools, measuring instruments, tooling components, metalworking products, 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.

Insider Buying and Selling by Quarter for MSC Industrial Direct (NYSE:MSM)

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