MSC Industrial Direct Co., Inc. (NYSE:MSM) EVP Sells $707,272.50 in Stock

MSC Industrial Direct Co., Inc. (NYSE:MSMGet Rating) EVP Steven N. Baruch sold 8,250 shares of the business’s stock in a transaction on Tuesday, April 19th. The stock was sold at an average price of $85.73, for a total transaction of $707,272.50. Following the completion of the sale, the executive vice president now directly owns 12,569 shares in the company, valued at approximately $1,077,540.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NYSE MSM traded up $0.20 on Wednesday, hitting $86.80. The stock had a trading volume of 11,849 shares, compared to its average volume of 461,537. The business’s fifty day moving average price is $80.97 and its 200 day moving average price is $82.52. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.37 and a quick ratio of 1.27. MSC Industrial Direct Co., Inc. has a 52-week low of $74.20 and a 52-week high of $96.23. The stock has a market cap of $4.85 billion, a price-to-earnings ratio of 16.45 and a beta of 1.06.

MSC Industrial Direct (NYSE:MSMGet Rating) last issued its quarterly earnings data on Wednesday, March 30th. The industrial products company reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.06. MSC Industrial Direct had a net margin of 8.70% and a return on equity of 24.70%. The business had revenue of $862.50 million during the quarter, compared to the consensus estimate of $856.03 million. During the same quarter in the prior year, the firm posted $1.03 earnings per share. The company’s revenue was up 11.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that MSC Industrial Direct Co., Inc. will post 6.02 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 26th. Shareholders of record on Tuesday, April 12th will be issued a dividend of $0.75 per share. The ex-dividend date is Monday, April 11th. This represents a $3.00 dividend on an annualized basis and a yield of 3.46%. MSC Industrial Direct’s dividend payout ratio (DPR) is presently 56.71%.

A number of research analysts recently weighed in on MSM shares. Loop Capital raised their price target on shares of MSC Industrial Direct from $88.00 to $93.00 in a research report on Thursday, March 31st. Zacks Investment Research raised shares of MSC Industrial Direct from a “sell” rating to a “hold” rating and set a $96.00 price target on the stock in a research note on Saturday, April 2nd. StockNews.com cut shares of MSC Industrial Direct from a “buy” rating to a “hold” rating in a research report on Friday, April 8th. Robert W. Baird raised their price objective on shares of MSC Industrial Direct from $103.00 to $105.00 in a report on Thursday, March 31st. Finally, KeyCorp lifted their target price on shares of MSC Industrial Direct from $91.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, March 31st. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, MSC Industrial Direct presently has a consensus rating of “Hold” and an average price target of $101.17.

Several large investors have recently made changes to their positions in the business. Commonwealth Equity Services LLC increased its stake in shares of MSC Industrial Direct by 3.6% during the third quarter. Commonwealth Equity Services LLC now owns 4,110 shares of the industrial products company’s stock worth $329,000 after acquiring an additional 142 shares during the period. Northwest Investment Counselors LLC grew its holdings in MSC Industrial Direct by 1.3% during the first quarter. Northwest Investment Counselors LLC now owns 14,302 shares of the industrial products company’s stock worth $1,219,000 after acquiring an additional 177 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its holdings in MSC Industrial Direct by 3.8% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 6,112 shares of the industrial products company’s stock worth $514,000 after acquiring an additional 223 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in MSC Industrial Direct by 12.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,139 shares of the industrial products company’s stock valued at $179,000 after purchasing an additional 245 shares during the last quarter. Finally, AGF Investments Inc. boosted its stake in shares of MSC Industrial Direct by 13.4% during the third quarter. AGF Investments Inc. now owns 2,200 shares of the industrial products company’s stock valued at $176,000 after acquiring an additional 260 shares during the last quarter. 75.61% of the stock is currently owned by institutional investors.

About MSC Industrial Direct (Get Rating)

MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes metalworking and maintenance, repair, and operations (MRO) products and services in the United States, Canada, Mexico, and the United Kingdom. Its MRO products include cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock products, raw materials, abrasives, machinery hand and power tools, safety and janitorial supplies, plumbing supplies, materials handling products, power transmission components, and electrical supplies.

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