MSC Industrial Direct Co. (NYSE:MSM) SVP Steven N. Baruch sold 2,169 shares of the firm’s stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $84.46, for a total transaction of $183,193.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of MSC Industrial Direct Co. (NYSE:MSM) traded up 0.66% on Wednesday, reaching $87.56. 299,802 shares of the company’s stock were exchanged. MSC Industrial Direct Co. has a 12 month low of $54.19 and a 12 month high of $87.86. The firm’s 50 day moving average price is $75.89 and its 200-day moving average price is $73.67. The company has a market capitalization of $4.95 billion, a P/E ratio of 23.22 and a beta of 0.45.

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

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

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

A number of brokerages have recently commented on MSM. Zacks Investment Research downgraded shares of MSC Industrial Direct from a “hold” rating to a “sell” rating in a report on Tuesday, September 20th. Macquarie began coverage on shares of MSC Industrial Direct in a report on Thursday, August 25th. They set a “neutral” rating and a $80.00 price target for the company. Stephens upgraded shares of MSC Industrial Direct from an “equal weight” rating to an “overweight” rating in a report on Monday. Credit Suisse Group AG began coverage on shares of MSC Industrial Direct in a report on Friday, August 19th. They set an “underperform” rating and a $65.00 price target for the company. Finally, Wells Fargo & Co. reiterated a “hold” rating on shares of MSC Industrial Direct in a report on Sunday, September 4th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $76.25.

A number of large investors have recently modified their holdings of MSM. 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 during the last quarter. AQR Capital Management LLC increased its stake in MSC Industrial Direct by 313.3% in the second quarter. AQR Capital Management LLC now owns 435,344 shares of the company’s stock valued at $30,718,000 after buying an additional 330,015 shares during the last quarter. 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 during the last quarter. Alliancebernstein L.P. increased its stake in MSC Industrial Direct by 717.9% in the second quarter. Alliancebernstein L.P. now owns 295,762 shares of the company’s stock valued at $20,869,000 after buying an additional 259,602 shares during the last quarter. Finally, 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 during the last quarter. 83.71% of the stock is owned by institutional investors.

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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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