MSC Industrial Direct Co Inc (NYSE:MSM) Director Mitchell Jacobson sold 64,040 shares of the firm’s stock in a transaction on Friday, January 12th. The stock was sold at an average price of $95.81, for a total transaction of $6,135,672.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

  • On Thursday, November 16th, Mitchell Jacobson sold 30,803 shares of MSC Industrial Direct stock. The shares were sold at an average price of $80.64, for a total transaction of $2,483,953.92.
  • On Monday, November 20th, Mitchell Jacobson sold 104,101 shares of MSC Industrial Direct stock. The shares were sold at an average price of $80.91, for a total transaction of $8,422,811.91.
  • On Tuesday, November 14th, Mitchell Jacobson sold 26,306 shares of MSC Industrial Direct stock. The shares were sold at an average price of $79.40, for a total transaction of $2,088,696.40.
  • 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 Co Inc (NYSE MSM) traded down $1.30 on Tuesday, hitting $93.45. 977,685 shares of the stock were exchanged, compared to its average volume of 603,661. MSC Industrial Direct Co Inc has a 52 week low of $65.42 and a 52 week high of $105.70. The company has a market cap of $5,280.00, a P/E ratio of 22.52, a PEG ratio of 1.72 and a beta of 0.67. The company has a current ratio of 1.92, a quick ratio of 1.04 and a debt-to-equity ratio of 0.16.

MSC Industrial Direct (NYSE:MSM) last announced its quarterly earnings data on Wednesday, January 10th. The industrial products company reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). MSC Industrial Direct had a net margin of 7.97% and a return on equity of 19.37%. The firm had revenue of $768.60 million during the quarter, compared to the consensus estimate of $770.95 million. During the same period last year, the business earned $0.95 EPS. The business’s revenue was up 12.0% on a year-over-year basis. analysts expect that MSC Industrial Direct Co Inc will post 4.8 earnings per share for the current year.

MSC Industrial Direct declared that its Board of Directors has approved a share repurchase plan on Wednesday, January 10th that permits the company to repurchase 2,000,000 shares. This repurchase authorization permits the industrial products company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 30th. Stockholders of record on Tuesday, January 16th will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend is Friday, January 12th. This is an increase from MSC Industrial Direct’s previous quarterly dividend of $0.48. MSC Industrial Direct’s dividend payout ratio (DPR) is 46.27%.

A number of research analysts recently weighed in on MSM shares. TheStreet raised shares of MSC Industrial Direct from a “c+” rating to a “b-” rating in a research report on Tuesday, November 28th. Gabelli raised shares of MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a research report on Friday, October 13th. Zacks Investment Research raised shares of MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research report on Wednesday, October 11th. Credit Suisse Group set a $93.00 target price on shares of MSC Industrial Direct and gave the company a “buy” rating in a research report on Friday, October 6th. Finally, Northcoast Research raised shares of MSC Industrial Direct from a “neutral” rating to a “buy” rating in a research report on Friday, December 15th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. MSC Industrial Direct currently has a consensus rating of “Hold” and a consensus target price of $95.54.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wasatch Advisors Inc. grew its position in shares of MSC Industrial Direct by 13.2% in the 4th quarter. Wasatch Advisors Inc. now owns 5,130 shares of the industrial products company’s stock valued at $496,000 after acquiring an additional 600 shares during the period. Leith Wheeler Investment Counsel Ltd. lifted its stake in shares of MSC Industrial Direct by 5.5% during the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 22,407 shares of the industrial products company’s stock worth $2,166,000 after buying an additional 1,160 shares during the last quarter. Public Employees Retirement System of Ohio lifted 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 last quarter. GSA Capital Partners LLP lifted 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 last quarter. Finally, DF Dent & Co. Inc. lifted 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 last quarter. 75.53% of the stock is owned by institutional investors.

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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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