MSC Industrial Direct Co Inc (NYSE:MSM) VP Charles Bonomo sold 1,800 shares of the firm’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $92.19, for a total value of $165,942.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of MSC Industrial Direct Co Inc (MSM) traded up $2.32 on Friday, reaching $94.49. The company’s stock had a trading volume of 906,679 shares, compared to its average volume of 667,245. MSC Industrial Direct Co Inc has a 12 month low of $65.42 and a 12 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. The firm has a market cap of $5,203.55, a PE ratio of 22.82, a P/E/G ratio of 1.36 and a beta of 0.67.

MSC Industrial Direct (NYSE:MSM) last issued its quarterly 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). MSC Industrial Direct had a return on equity of 19.37% and a net margin of 7.97%. The firm had revenue of $768.60 million for the quarter, compared to analyst estimates of $770.95 million. During the same period in the prior year, the firm posted $0.95 EPS. The business’s revenue was up 12.0% compared to the same quarter last year. equities research analysts predict that MSC Industrial Direct Co Inc will post 5 EPS for the current fiscal year.

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

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 30th. Shareholders of record on Tuesday, January 16th will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, January 12th. This represents a $2.32 dividend on an annualized basis and a yield of 2.46%. This is a boost from MSC Industrial Direct’s previous quarterly dividend of $0.48. MSC Industrial Direct’s payout ratio is currently 56.04%.

Institutional investors and hedge funds have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in MSC Industrial Direct by 8.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,539 shares of the industrial products company’s stock worth $132,000 after acquiring an additional 123 shares during the period. PNC Financial Services Group Inc. lifted its position in MSC Industrial Direct by 0.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,577 shares of the industrial products company’s stock worth $136,000 after acquiring an additional 8 shares during the period. Cutler Group LP lifted its position in MSC Industrial Direct by 457.8% during the 4th quarter. Cutler Group LP now owns 1,431 shares of the industrial products company’s stock worth $138,000 after acquiring an additional 1,831 shares during the period. QS Investors LLC lifted its position in MSC Industrial Direct by 0.5% during the 2nd quarter. QS Investors LLC now owns 1,749 shares of the industrial products company’s stock worth $150,000 after acquiring an additional 8 shares during the period. Finally, Zions Bancorporation acquired a new stake in MSC Industrial Direct during the 3rd quarter worth about $150,000. 75.53% of the stock is owned by institutional investors.

A number of research firms have recently weighed in on MSM. Zacks Investment Research raised MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a research report on Wednesday, January 10th. Stephens set a $114.00 price objective on MSC Industrial Direct and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Susquehanna Bancshares reissued a “hold” rating and issued a $92.00 price objective on shares of MSC Industrial Direct in a research report on Wednesday, January 3rd. BMO Capital Markets reissued a “market perform” rating and issued a $83.00 price objective (up previously from $79.00) on shares of MSC Industrial Direct in a research report on Monday, October 9th. Finally, TheStreet raised MSC Industrial Direct from a “c+” rating to a “b-” rating in a research report on Tuesday, November 28th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $95.54.

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MSC Industrial Direct Company Profile

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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