MSC Industrial Direct Co Inc (NYSE:MSM) SVP David Wright sold 5,404 shares of the stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $89.00, for a total value of $480,956.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Shares of MSM stock opened at $89.09 on Monday. The stock has a market cap of $4.97 billion, a P/E ratio of 17.54, a P/E/G ratio of 1.01 and a beta of 0.64. MSC Industrial Direct Co Inc has a 1-year low of $75.34 and a 1-year high of $99.94. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.34 and a quick ratio of 1.28.

MSC Industrial Direct (NYSE:MSM) last issued its earnings results on Tuesday, October 30th. The industrial products company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.03. The company had revenue of $838.00 million during the quarter, compared to analysts’ expectations of $838.88 million. MSC Industrial Direct had a return on equity of 21.36% and a net margin of 10.28%. MSC Industrial Direct’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.07 EPS. As a group, equities research analysts expect that MSC Industrial Direct Co Inc will post 5.9 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 27th. Investors of record on Tuesday, November 13th will be issued a dividend of $0.63 per share. The ex-dividend date is Friday, November 9th. This is a boost from MSC Industrial Direct’s previous quarterly dividend of $0.58. This represents a $2.52 annualized dividend and a yield of 2.83%. MSC Industrial Direct’s dividend payout ratio is currently 49.61%.

Several equities analysts have recently commented on the company. Zacks Investment Research upgraded MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $97.00 price objective on the stock in a research report on Wednesday, September 26th. Gordon Haskett assumed coverage on MSC Industrial Direct in a research report on Friday, October 12th. They set a “buy” rating on the stock. Finally, Buckingham Research assumed coverage on MSC Industrial Direct in a research report on Friday, October 12th. They set a “neutral” rating and a $89.00 price objective on the stock. Ten equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. MSC Industrial Direct has a consensus rating of “Hold” and a consensus price target of $100.00.

A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in MSC Industrial Direct by 0.8% during the 3rd quarter. BlackRock Inc. now owns 4,040,845 shares of the industrial products company’s stock valued at $356,039,000 after acquiring an additional 32,419 shares during the period. American Century Companies Inc. boosted its holdings in MSC Industrial Direct by 22.7% during the 3rd quarter. American Century Companies Inc. now owns 2,973,375 shares of the industrial products company’s stock valued at $261,984,000 after acquiring an additional 549,641 shares during the period. JPMorgan Chase & Co. boosted its holdings in MSC Industrial Direct by 1.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,667,322 shares of the industrial products company’s stock valued at $235,017,000 after acquiring an additional 31,846 shares during the period. Ashler Capital LLC boosted its holdings in MSC Industrial Direct by 6.9% during the 2nd quarter. Ashler Capital LLC now owns 2,487,013 shares of the industrial products company’s stock valued at $211,023,000 after acquiring an additional 160,053 shares during the period. Finally, Schroder Investment Management Group boosted its holdings in MSC Industrial Direct by 7.5% during the 2nd quarter. Schroder Investment Management Group now owns 986,268 shares of the industrial products company’s stock valued at $84,001,000 after acquiring an additional 68,896 shares during the period. Institutional investors own 76.83% of the company’s stock.

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MSC Industrial Direct Company Profile

MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes metalworking and maintenance, repair, and operations (MRO) products in the United States, Canada, and the United Kingdom. The company's MRO products comprise 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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