MSC Industrial Direct Company, Inc. (NYSE:MSM) EVP Steven N. Baruch sold 5,762 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $81.25, for a total value of $468,162.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of MSC Industrial Direct Company, Inc. (NYSE MSM) traded up $0.43 during trading hours on Tuesday, reaching $81.38. The company’s stock had a trading volume of 362,300 shares, compared to its average volume of 622,422. MSC Industrial Direct Company, Inc. has a one year low of $65.42 and a one year high of $105.70. The firm has a market capitalization of $4,590.00, a P/E ratio of 20.04, a PEG ratio of 1.58 and a beta of 0.64. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.80 and a quick ratio of 0.97.

MSC Industrial Direct (NYSE:MSM) last announced its earnings results 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. The business had revenue of $753.80 million during the quarter, compared to the consensus estimate of $745.80 million. MSC Industrial Direct had a return on equity of 19.42% and a net margin of 8.01%. The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.02 EPS. equities research analysts anticipate that MSC Industrial Direct Company, Inc. will post 4.45 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Stockholders 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 dividend yield of 2.36%. This is an increase 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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A number of brokerages recently commented on MSM. J P Morgan Chase & Co lowered MSC Industrial Direct from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $80.00 to $76.00 in a research report on Friday, August 4th. Susquehanna Bancshares Inc began coverage on MSC Industrial Direct in a research report on Monday, September 25th. They issued a “neutral” rating and a $77.00 target price on the stock. KeyCorp reiterated a “hold” rating on shares of MSC Industrial Direct in a research report on Tuesday, October 17th. BMO Capital Markets reiterated a “market perform” rating and issued a $83.00 target price (up previously from $79.00) on shares of MSC Industrial Direct in a research report on Monday, October 9th. Finally, Gabelli upgraded MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $94.00 target price on the stock in a research report on Friday, October 13th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $89.29.

Several hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio raised its stake in shares of MSC Industrial Direct by 30.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 372,507 shares of the industrial products company’s stock worth $28,150,000 after buying an additional 87,188 shares during the period. GSA Capital Partners LLP raised its stake in shares of MSC Industrial Direct by 37.4% during the 3rd quarter. GSA Capital Partners LLP now owns 13,182 shares of the industrial products company’s stock worth $996,000 after buying an additional 3,589 shares during the period. DF Dent & Co. Inc. raised its stake in shares of MSC Industrial Direct by 37.5% during the 3rd quarter. DF Dent & Co. Inc. now owns 4,407 shares of the industrial products company’s stock worth $333,000 after buying an additional 1,203 shares during the period. California Public Employees Retirement System raised its stake in shares of MSC Industrial Direct by 6.3% during the 3rd quarter. California Public Employees Retirement System now owns 141,409 shares of the industrial products company’s stock worth $10,686,000 after buying an additional 8,409 shares during the period. Finally, Highbridge Capital Management LLC acquired a new position in shares of MSC Industrial Direct during the 3rd quarter worth approximately $7,409,000. 73.67% of the stock is owned by institutional investors and hedge funds.

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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