MSC Industrial Direct Company, Inc. (NYSE:MSM) Director Mitchell Jacobson sold 11,121 shares of the stock in a transaction dated Friday, November 10th. The stock was 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 SEC, which is available at the SEC website.

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

  • On Tuesday, November 14th, Mitchell Jacobson sold 26,306 shares of MSC Industrial Direct stock. The stock was sold at an average price of $79.40, for a total transaction of $2,088,696.40.
  • On Monday, November 6th, Mitchell Jacobson sold 13,582 shares of MSC Industrial Direct stock. The stock was 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 stock was 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) opened at $78.98 on Thursday. MSC Industrial Direct Company, Inc. has a 12-month low of $65.42 and a 12-month high of $105.70. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.97 and a current ratio of 1.80. The stock has a market cap of $4,507.33, a P/E ratio of 19.78, a PEG ratio of 1.56 and a beta of 0.64.

MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, beating 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 company had revenue of $753.80 million during the quarter, compared to the consensus estimate of $745.80 million. During the same period last year, the firm earned $1.02 EPS. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. sell-side analysts anticipate that MSC Industrial Direct Company, Inc. will post 4.46 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 28th. Stockholders of record on Tuesday, November 14th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.43%. This is an increase from MSC Industrial Direct’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Monday, November 13th. MSC Industrial Direct’s dividend payout ratio (DPR) is presently 47.52%.

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Hedge funds have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of 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 valued at $132,000 after acquiring an additional 123 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of 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 purchasing an additional 8 shares in the last quarter. QS Investors LLC increased its stake in shares of 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 purchasing an additional 8 shares in the last quarter. Zions Bancorporation purchased a new position in shares of MSC Industrial Direct during the 3rd quarter worth approximately $150,000. Finally, Benjamin F. Edwards & Company Inc. increased its stake in shares of MSC Industrial Direct by 1,373.3% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 2,210 shares of the industrial products company’s stock worth $167,000 after purchasing an additional 2,060 shares in the last quarter. Institutional investors own 78.38% of the company’s stock.

A number of brokerages recently commented on MSM. Zacks Investment Research upgraded shares of MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a research report on Wednesday, September 27th. Susquehanna Bancshares Inc began coverage on shares of MSC Industrial Direct in a research report on Monday, September 25th. They issued a “neutral” rating and a $77.00 price objective for the company. Gabelli upgraded shares of MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a research report on Friday, October 13th. KeyCorp restated a “hold” rating on shares of MSC Industrial Direct in a research report on Tuesday, October 17th. Finally, Wells Fargo & Company set a $86.00 price objective on shares of MSC Industrial Direct and gave the company a “hold” rating in a research report on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $89.29.

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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