MSC Industrial Direct Company, Inc. (NYSE:MSM) Director Mitchell Jacobson sold 26,306 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $79.40, for a total transaction of $2,088,696.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Mitchell Jacobson also recently made the following trade(s):

  • On Friday, November 10th, Mitchell Jacobson sold 11,121 shares of MSC Industrial Direct stock. The shares were sold at an average price of $80.79, for a total transaction of $898,465.59.
  • On Monday, November 6th, Mitchell Jacobson sold 13,582 shares of MSC Industrial Direct stock. The shares were sold at an average price of $81.91, for a total transaction of $1,112,501.62.
  • On Thursday, November 2nd, Mitchell Jacobson sold 33,866 shares of MSC Industrial Direct stock. The shares were sold at an average price of $82.39, for a total transaction of $2,790,219.74.

Shares of MSC Industrial Direct Company, Inc. (NYSE:MSM) traded up $0.70 during trading on Wednesday, reaching $79.93. 490,800 shares of the company’s stock traded hands, compared to its average volume of 625,013. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.80 and a quick ratio of 0.97. The company has a market capitalization of $4,467.86, a PE ratio of 19.61, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64. MSC Industrial Direct Company, Inc. has a 1 year low of $65.42 and a 1 year high of $105.70.

MSC Industrial Direct (NYSE:MSM) last issued its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $1.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.08. MSC Industrial Direct had a net margin of 8.01% and a return on equity of 19.42%. The firm had revenue of $753.80 million for the quarter, compared to analysts’ expectations of $745.80 million. During the same period in the prior year, the firm earned $1.02 earnings per share. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. equities analysts expect that MSC Industrial Direct Company, Inc. will post 4.46 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Stockholders of record on Tuesday, November 14th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.40%. This is a positive change 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 presently 47.52%.

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Several hedge funds have recently made changes to their positions in the company. DF Dent & Co. Inc. lifted its position in shares of MSC Industrial Direct by 37.5% during the third quarter. DF Dent & Co. Inc. now owns 4,407 shares of the industrial products company’s stock worth $333,000 after purchasing an additional 1,203 shares in the last quarter. California Public Employees Retirement System lifted its position in shares of MSC Industrial Direct by 6.3% during the third quarter. California Public Employees Retirement System now owns 141,409 shares of the industrial products company’s stock worth $10,686,000 after purchasing an additional 8,409 shares in the last quarter. Highbridge Capital Management LLC acquired a new position in shares of MSC Industrial Direct during the third quarter worth approximately $7,409,000. Zions Bancorporation acquired a new position in shares of MSC Industrial Direct during the third quarter worth approximately $150,000. Finally, Jane Street Group LLC acquired a new position in shares of MSC Industrial Direct during the third quarter worth approximately $413,000. Institutional investors own 78.38% of the company’s stock.

A number of analysts recently weighed in on MSM shares. Zacks Investment Research raised shares of MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a research note on Wednesday, September 27th. Stifel Nicolaus reissued a “hold” rating and issued a $84.00 target price on shares of MSC Industrial Direct in a research note on Friday, November 3rd. BMO Capital Markets reissued a “market perform” rating on shares of MSC Industrial Direct in a research note on Tuesday, September 12th. BidaskClub cut shares of MSC Industrial Direct from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Finally, TheStreet cut shares of MSC Industrial Direct from a “b” rating to a “c+” rating in a research note on Wednesday, August 16th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $89.29.

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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