MSC Industrial Direct Co Inc (NYSE:MSM) SVP Steve Armstrong sold 19,162 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $94.98, for a total value of $1,820,006.76. Following the transaction, the senior vice president now directly owns 13,432 shares of the company’s stock, valued at approximately $1,275,771.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

MSC Industrial Direct Co Inc (NYSE:MSM) traded down $2.78 during trading on Wednesday, hitting $90.72. The company’s stock had a trading volume of 1,390,000 shares, compared to its average volume of 596,827. The company has a market cap of $5,120.00, a price-to-earnings ratio of 21.86, a price-to-earnings-growth ratio of 1.39 and a beta of 0.67. MSC Industrial Direct Co Inc has a twelve month low of $65.42 and a twelve month high of $105.70. 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 posted its earnings results on Wednesday, January 10th. The industrial products company reported $1.05 EPS for the quarter, missing the Zacks’ consensus estimate of $1.06 by ($0.01). The business had revenue of $768.60 million during the quarter, compared to the consensus estimate of $770.95 million. MSC Industrial Direct had a return on equity of 19.37% and a net margin of 7.97%. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.95 EPS. research analysts expect that MSC Industrial Direct Co Inc will post 5 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 30th. Shareholders of record on Tuesday, January 16th will be issued a $0.58 dividend. This is a positive change from MSC Industrial Direct’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, January 12th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.56%. MSC Industrial Direct’s dividend payout ratio (DPR) is presently 55.90%.

MSC Industrial Direct announced that its board has approved a share buyback program on Wednesday, January 10th that allows the company to repurchase 2,000,000 shares. This repurchase authorization allows the industrial products company to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Several institutional investors have recently bought and sold shares of MSM. American Century Companies Inc. grew its holdings in shares of MSC Industrial Direct by 1,889.6% in 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 acquiring an additional 1,993,717 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of MSC Industrial Direct by 105.3% in the third quarter. Bank of New York Mellon Corp now owns 1,179,178 shares of the industrial products company’s stock worth $89,112,000 after acquiring an additional 604,873 shares during the period. Schroder Investment Management Group grew its holdings in shares of MSC Industrial Direct by 52.7% in the third quarter. Schroder Investment Management Group now owns 964,486 shares of the industrial products company’s stock worth $72,250,000 after acquiring an additional 332,893 shares during the period. Koch Industries Inc. grew its holdings in shares of MSC Industrial Direct by 10,738.5% in the second quarter. Koch Industries Inc. now owns 284,620 shares of the industrial products company’s stock worth $281,000 after acquiring an additional 281,994 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in shares of MSC Industrial Direct by 126.7% in the third quarter. Principal Financial Group Inc. now owns 441,321 shares of the industrial products company’s stock worth $33,350,000 after acquiring an additional 246,659 shares during the period. 75.53% of the stock is owned by institutional investors and hedge funds.

MSM has been the subject of a number of analyst reports. TheStreet raised MSC Industrial Direct from a “c+” rating to a “b-” rating in a research report on Tuesday, November 28th. Gabelli raised MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a research report on Friday, October 13th. Zacks Investment Research raised MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research report on Wednesday, October 11th. Credit Suisse Group set a $93.00 price objective on MSC Industrial Direct and gave the company a “buy” rating in a research report on Friday, October 6th. Finally, Northcoast Research raised 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’s stock. The stock currently has an average rating of “Hold” and an average price target of $95.54.

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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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