MSC Industrial Direct Company, Inc. (NYSE:MSM) Director Mitchell Jacobson sold 33,866 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $82.39, for a total transaction of $2,790,219.74. Following the transaction, the director now directly owns 35,932 shares of the company’s stock, valued at approximately $2,960,437.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

MSC Industrial Direct Company, Inc. (MSM) traded down $0.57 during trading hours on Friday, reaching $82.33. 905,449 shares of the company traded hands, compared to its average volume of 644,433. The stock has a market capitalization of $4.69 billion, a price-to-earnings ratio of 20.38 and a beta of 0.64.

MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.08. The firm had revenue of $753.80 million during the quarter, compared to analyst estimates of $745.80 million. MSC Industrial Direct had a net margin of 8.01% and a return on equity of 19.42%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.02 earnings per share. equities analysts anticipate that MSC Industrial Direct Company, Inc. will post 4.44 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 28th. Shareholders of record on Tuesday, November 14th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 2.33%. This is a boost from MSC Industrial Direct’s previous quarterly dividend of $0.45. The ex-dividend date is Monday, November 13th. MSC Industrial Direct’s dividend payout ratio is currently 44.55%.

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A number of brokerages have recently commented on MSM. Zacks Investment Research raised shares of MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a research report on Saturday, July 8th. BMO Capital Markets upped their price objective on shares of MSC Industrial Direct from $83.00 to $92.00 and gave the company a “market perform” rating in a research report on Wednesday. Wells Fargo & Company set a $86.00 price objective on shares of MSC Industrial Direct and gave the company a “hold” rating in a research report on Wednesday. Stifel Nicolaus reaffirmed a “hold” rating and set a $84.00 price objective on shares of MSC Industrial Direct in a research report on Friday. Finally, Credit Suisse Group set a $93.00 price objective on shares of MSC Industrial Direct and gave the company a “buy” rating in a research report on Friday, October 6th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $89.29.

A number of institutional investors have recently modified their holdings of the business. Telemus Capital LLC bought a new stake in MSC Industrial Direct during the third quarter worth about $1,950,000. Principal Financial Group Inc. grew its stake in MSC Industrial Direct by 126.7% during the third quarter. Principal Financial Group Inc. now owns 441,321 shares of the industrial products company’s stock worth $33,350,000 after buying an additional 246,659 shares during the last quarter. Prudential Financial Inc. grew its stake in MSC Industrial Direct by 7.4% during the third quarter. Prudential Financial Inc. now owns 203,732 shares of the industrial products company’s stock worth $15,396,000 after buying an additional 14,046 shares during the last quarter. American Century Companies Inc. grew its stake in MSC Industrial Direct by 1,889.6% during the third quarter. American Century Companies Inc. now owns 2,099,225 shares of the industrial products company’s stock worth $158,638,000 after buying an additional 1,993,717 shares during the last quarter. Finally, Gabelli Funds LLC grew its stake in MSC Industrial Direct by 150.0% during the third quarter. Gabelli Funds LLC now owns 10,000 shares of the industrial products company’s stock worth $756,000 after buying an additional 6,000 shares during the last quarter. 74.70% 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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