MSC Industrial Direct Co Inc (MSM) SVP Gregory Polli Sells 12,736 Shares

MSC Industrial Direct Co Inc (NYSE:MSM) SVP Gregory Polli sold 12,736 shares of the stock in a transaction dated Thursday, February 7th. The stock was sold at an average price of $82.60, for a total value of $1,051,993.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

NYSE:MSM opened at $85.44 on Thursday. The company has a quick ratio of 1.27, a current ratio of 2.37 and a debt-to-equity ratio of 0.23. The stock has a market cap of $4.57 billion, a P/E ratio of 16.82, a PEG ratio of 1.41 and a beta of 0.86. MSC Industrial Direct Co Inc has a 52-week low of $73.28 and a 52-week high of $96.58.

MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings data on Wednesday, January 9th. The industrial products company reported $1.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.01. The business had revenue of $831.60 million during the quarter, compared to the consensus estimate of $830.60 million. MSC Industrial Direct had a return on equity of 21.97% and a net margin of 10.53%. MSC Industrial Direct’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the company earned $1.05 earnings per share. On average, research analysts predict that MSC Industrial Direct Co Inc will post 5.82 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 22nd. Investors of record on Tuesday, January 8th were issued a dividend of $0.63 per share. The ex-dividend date was Monday, January 7th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.95%. MSC Industrial Direct’s payout ratio is presently 49.61%.

Several brokerages have issued reports on MSM. Zacks Investment Research downgraded MSC Industrial Direct from a “buy” rating to a “hold” rating in a report on Tuesday, October 30th. Buckingham Research set a $83.00 price target on MSC Industrial Direct and gave the stock a “hold” rating in a report on Thursday, January 10th. Stephens downgraded MSC Industrial Direct from an “overweight” rating to an “equal weight” rating and set a $92.00 price target for the company. in a report on Friday, February 8th. Jefferies Financial Group began coverage on MSC Industrial Direct in a report on Monday, January 7th. They issued a “buy” rating and a $92.00 price target for the company. Finally, Wells Fargo & Co lowered their price target on MSC Industrial Direct from $87.00 to $85.00 and set a “market perform” rating for the company in a report on Friday, December 21st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $95.55.

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of MSC Industrial Direct by 1.4% during the third quarter. Vanguard Group Inc. now owns 4,542,964 shares of the industrial products company’s stock worth $400,280,000 after buying an additional 62,473 shares in the last quarter. Vanguard Group Inc grew its holdings in shares of MSC Industrial Direct by 1.4% during the third quarter. Vanguard Group Inc now owns 4,542,964 shares of the industrial products company’s stock worth $400,280,000 after buying an additional 62,473 shares in the last quarter. BlackRock Inc. grew its holdings in shares of MSC Industrial Direct by 2.5% during the fourth quarter. BlackRock Inc. now owns 4,143,457 shares of the industrial products company’s stock worth $318,714,000 after buying an additional 102,612 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of MSC Industrial Direct by 22.7% during the third quarter. American Century Companies Inc. now owns 2,973,375 shares of the industrial products company’s stock worth $261,984,000 after buying an additional 549,641 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of MSC Industrial Direct by 1.2% during the third quarter. JPMorgan Chase & Co. now owns 2,667,322 shares of the industrial products company’s stock worth $235,017,000 after buying an additional 31,846 shares in the last quarter. Institutional investors and hedge funds own 78.41% of the company’s stock.

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

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