MSC Industrial Direct Co Inc (NYSE:MSM) SVP Gregory Polli sold 12,736 shares of the firm’s stock in a transaction dated Thursday, February 7th. The shares were sold at an average price of $82.60, for a total transaction of $1,051,993.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of NYSE MSM traded up $1.39 during midday trading on Monday, hitting $83.27. The company had a trading volume of 363,267 shares, compared to its average volume of 462,227. The company has a quick ratio of 1.27, a current ratio of 2.37 and a debt-to-equity ratio of 0.23. MSC Industrial Direct Co Inc has a twelve month low of $73.28 and a twelve month high of $96.58. The stock has a market capitalization of $4.57 billion, a price-to-earnings ratio of 16.40, a price-to-earnings-growth ratio of 1.41 and a beta of 0.86.
MSC Industrial Direct (NYSE:MSM) last announced its earnings results on Wednesday, January 9th. The industrial products company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.01. The company had revenue of $831.60 million during the quarter, compared to analysts’ expectations of $830.60 million. MSC Industrial Direct had a net margin of 10.53% and a return on equity of 21.97%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.05 earnings per share. Equities research analysts expect that MSC Industrial Direct Co Inc will post 5.82 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 22nd. Shareholders of record on Tuesday, January 8th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date was Monday, January 7th. MSC Industrial Direct’s payout ratio is currently 49.61%.
Several analysts recently commented on the stock. Zacks Investment Research cut shares of MSC Industrial Direct from a “buy” rating to a “hold” rating in a research note on Tuesday, October 30th. Buckingham Research set a $83.00 price objective on shares of MSC Industrial Direct and gave the company a “hold” rating in a research note on Thursday, January 10th. Stephens cut shares of MSC Industrial Direct from an “overweight” rating to an “equal weight” rating and set a $92.00 price objective for the company. in a research note on Friday. Jefferies Financial Group assumed coverage on shares of MSC Industrial Direct in a research note on Monday, January 7th. They issued a “buy” rating and a $92.00 price objective for the company. Finally, Wells Fargo & Co reduced their price objective on shares of MSC Industrial Direct from $87.00 to $85.00 and set a “market perform” rating for the company in a research note on Friday, December 21st. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $95.55.
Institutional investors and hedge funds have recently made changes to their positions in the business. Cadence Capital Management LLC raised its position in MSC Industrial Direct by 223.1% during the third quarter. Cadence Capital Management LLC now owns 16,968 shares of the industrial products company’s stock worth $1,495,000 after acquiring an additional 11,716 shares during the last quarter. Federated Investors Inc. PA raised its position in MSC Industrial Direct by 709.7% during the third quarter. Federated Investors Inc. PA now owns 235,789 shares of the industrial products company’s stock worth $20,775,000 after acquiring an additional 206,669 shares during the last quarter. WINTON GROUP Ltd raised its position in MSC Industrial Direct by 106.7% during the third quarter. WINTON GROUP Ltd now owns 112,202 shares of the industrial products company’s stock worth $9,886,000 after acquiring an additional 57,922 shares during the last quarter. Northern Trust Corp raised its position in MSC Industrial Direct by 6.0% during the second quarter. Northern Trust Corp now owns 417,264 shares of the industrial products company’s stock worth $35,405,000 after acquiring an additional 23,621 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in MSC Industrial Direct by 69.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 327,419 shares of the industrial products company’s stock worth $28,849,000 after acquiring an additional 134,287 shares during the last quarter. Institutional investors own 78.41% of the company’s stock.
About MSC Industrial Direct
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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