MSC Industrial Direct Co. (NYSE:MSM) VP Charles Bonomo sold 4,042 shares of the firm’s stock in a transaction on Thursday, November 17th. The shares were sold at an average price of $84.00, for a total value of $339,528.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of MSC Industrial Direct Co. (NYSE:MSM) opened at 86.99 on Wednesday. MSC Industrial Direct Co. has a one year low of $54.19 and a one year high of $87.58. The firm has a 50-day moving average price of $75.89 and a 200 day moving average price of $73.67. The firm has a market cap of $4.92 billion, a P/E ratio of 23.07 and a beta of 0.45.

MSC Industrial Direct (NYSE:MSM) last announced its quarterly earnings results on Tuesday, November 1st. The company reported $1.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.04. MSC Industrial Direct had a return on equity of 17.62% and a net margin of 8.07%. The business had revenue of $745.10 million for the quarter, compared to analyst estimates of $736.53 million. During the same quarter in the prior year, the company posted $0.96 EPS. The company’s quarterly revenue was up 2.4% on a year-over-year basis. On average, analysts forecast that MSC Industrial Direct Co. will post $3.87 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for MSC Industrial Direct (NYSE:MSM)

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 29th. Investors of record on Tuesday, November 15th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Friday, November 11th. This is an increase from MSC Industrial Direct’s previous quarterly dividend of $0.43. MSC Industrial Direct’s payout ratio is currently 47.87%.

Several equities analysts have recently commented on the company. Wells Fargo & Co. restated a “hold” rating on shares of MSC Industrial Direct in a research note on Sunday, September 4th. Credit Suisse Group AG assumed coverage on MSC Industrial Direct in a research note on Friday, August 19th. They set an “underperform” rating and a $65.00 price target on the stock. Stephens upgraded MSC Industrial Direct from an “equal weight” rating to an “overweight” rating in a research note on Monday. Macquarie assumed coverage on MSC Industrial Direct in a research note on Thursday, August 25th. They set a “neutral” rating and a $80.00 price target on the stock. Finally, Zacks Investment Research upgraded MSC Industrial Direct from a “sell” rating to a “hold” rating in a research note on Tuesday, October 4th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $76.25.

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in MSC Industrial Direct by 6.4% in the second quarter. Vanguard Group Inc. now owns 4,022,932 shares of the company’s stock valued at $283,858,000 after buying an additional 241,877 shares in the last quarter. JPMorgan Chase & Co. increased its stake in MSC Industrial Direct by 14.7% in the third quarter. JPMorgan Chase & Co. now owns 3,255,911 shares of the company’s stock valued at $239,016,000 after buying an additional 417,834 shares in the last quarter. BlackRock Fund Advisors increased its stake in MSC Industrial Direct by 5.2% in the second quarter. BlackRock Fund Advisors now owns 1,650,663 shares of the company’s stock valued at $116,471,000 after buying an additional 81,178 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in MSC Industrial Direct by 1.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,424,698 shares of the company’s stock valued at $100,527,000 after buying an additional 14,336 shares in the last quarter. Finally, Schroder Investment Management Group increased its stake in MSC Industrial Direct by 24.5% in the third quarter. Schroder Investment Management Group now owns 1,390,984 shares of the company’s stock valued at $102,112,000 after buying an additional 274,176 shares in the last quarter. Hedge funds and other institutional investors own 83.71% of the company’s stock.

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About MSC Industrial Direct

MSC Industrial Direct Co, Inc (MSC) is direct marketers and distributors of a range of metalworking and maintenance, repair and operations (MRO) products to customers throughout the United States. The Company operates primarily in the United States, with customers in all 50 states, through a network of five customer fulfillment centers (four customer fulfillment centers are located within the United States and one is located in the United Kingdom and 106 branch offices (104 branches are located within the United States, one is located in the United Kingdom and the other is located in Mexico).

5 Day Chart for NYSE:MSM

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