MSC Industrial Direct Company, Inc. (MSM) Director Mitchell Jacobson Sells 11,121 Shares of Stock

MSC Industrial Direct Company, Inc. (NYSE:MSM) Director Mitchell Jacobson sold 11,121 shares of the firm’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $80.79, for a total transaction of $898,465.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

  • 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. (MSM) traded up $0.70 on Wednesday, hitting $79.93. 490,800 shares of the stock were exchanged, compared to its average volume of 625,013. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.97 and a current ratio of 1.80. MSC Industrial Direct Company, Inc. has a fifty-two week low of $65.42 and a fifty-two week high of $105.70. The stock has a market cap 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 (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 Zacks’ 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 business had revenue of $753.80 million during the quarter, compared to analysts’ expectations of $745.80 million. During the same period last year, the company posted $1.02 EPS. The company’s revenue was up 1.2% on a year-over-year basis. equities analysts expect that MSC Industrial Direct Company, Inc. will post 4.46 earnings per share for the current year.

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.40%. 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 (DPR) is 47.52%.

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A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus reiterated a “hold” rating and set a $84.00 price target on shares of MSC Industrial Direct in a research report on Friday, November 3rd. Wells Fargo & Company set a $86.00 price target on shares of MSC Industrial Direct and gave the company a “hold” rating in a research report on Wednesday, November 1st. BMO Capital Markets lifted their price target 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, November 1st. KeyCorp reiterated a “hold” rating on shares of MSC Industrial Direct in a research report on Tuesday, October 17th. Finally, Zacks Investment Research downgraded shares of MSC Industrial Direct from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $89.29.

A number of hedge funds have recently added to or reduced their stakes in the business. California Public Employees Retirement System grew its stake in MSC Industrial Direct by 6.3% in 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 acquiring an additional 8,409 shares during the period. Highbridge Capital Management LLC purchased a new stake in MSC Industrial Direct in the 3rd quarter worth approximately $7,409,000. Zions Bancorporation purchased a new stake in MSC Industrial Direct in the 3rd quarter worth approximately $150,000. Jane Street Group LLC purchased a new stake in MSC Industrial Direct in the 3rd quarter worth approximately $413,000. Finally, Vident Investment Advisory LLC grew its stake in MSC Industrial Direct by 24.0% in the 3rd quarter. Vident Investment Advisory LLC now owns 4,777 shares of the industrial products company’s stock worth $361,000 after acquiring an additional 924 shares during the period. 78.38% of the stock is 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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