MSC Industrial Direct Co. (NYSE:MSM) saw unusually-high trading volume on Tuesday . Approximately 623,550 shares traded hands during mid-day trading, a decline of 6% from the previous session’s volume of 666,684 shares.The stock last traded at $72.89 and had previously closed at $72.67.

MSM has been the topic of a number of research reports. KeyCorp raised their price objective on MSC Industrial Direct from $75.00 to $80.00 and gave the stock an “overweight” rating in a report on Monday, March 14th. BMO Capital Markets restated a “market perform” rating and issued a $78.00 price objective (down from $80.00) on shares of MSC Industrial Direct in a report on Thursday, July 7th. Zacks Investment Research upgraded MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $84.00 price objective on the stock in a report on Thursday, June 9th. Barclays PLC raised their target price on MSC Industrial Direct from $58.00 to $64.00 and gave the company an “equal weight” rating in a report on Thursday, April 7th. Finally, Credit Suisse Group AG downgraded MSC Industrial Direct from a “neutral” rating to an “underperform” rating and set a $66.00 target price on the stock. in a report on Friday, June 17th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. MSC Industrial Direct currently has a consensus rating of “Hold” and an average target price of $75.00.

The firm has a market capitalization of $4.47 billion and a PE ratio of 19.63. The firm’s 50 day moving average price is $72.89 and its 200 day moving average price is $70.38.

MSC Industrial Direct (NYSE:MSM) last issued its quarterly earnings results on Wednesday, July 6th. The company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.05. The business had revenue of $727.50 million for the quarter. During the same quarter last year, the company earned $1.03 EPS. The company’s quarterly revenue was down 2.4% compared to the same quarter last year. Equities research analysts forecast that MSC Industrial Direct Co. will post $3.73 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 26th. Shareholders of record on Tuesday, July 12th will be paid a $0.43 dividend. The ex-dividend date is Friday, July 8th. This represents a $1.72 dividend on an annualized basis and a yield of 2.37%.

In other MSC Industrial Direct news, Vice Chairman David Sandler sold 1,500 shares of the business’s stock in a transaction dated Tuesday, May 17th. The stock was sold at an average price of $74.50, for a total value of $111,750.00. Following the transaction, the insider now owns 78,468 shares in the company, valued at $5,845,866. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Christopher Davanzo sold 2,106 shares of the business’s stock in a transaction dated Wednesday, April 27th. The shares were sold at an average price of $76.74, for a total value of $161,614.44. Following the completion of the transaction, the senior vice president now owns 8,857 shares in the company, valued at approximately $679,686.18. The disclosure for this sale can be found here.

Other hedge funds recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in shares of MSC Industrial Direct by 18.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 386,197 shares of the company’s stock worth $21,733,000 after buying an additional 61,442 shares in the last quarter. UBS Oconnor LLC boosted its stake in shares of MSC Industrial Direct by 9.1% in the fourth quarter. UBS Oconnor LLC now owns 223,286 shares of the company’s stock worth $12,564,000 after buying an additional 18,607 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of MSC Industrial Direct by 8.0% in the fourth quarter. First Trust Advisors LP now owns 212,630 shares of the company’s stock worth $11,965,000 after buying an additional 15,684 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of MSC Industrial Direct by 4.5% in the fourth quarter. Principal Financial Group Inc. now owns 155,390 shares of the company’s stock worth $8,744,000 after buying an additional 6,744 shares in the last quarter. Finally, California Public Employees Retirement System boosted its stake in shares of MSC Industrial Direct by 3.3% in the fourth quarter. California Public Employees Retirement System now owns 143,600 shares of the company’s stock worth $8,080,000 after buying an additional 4,600 shares in the last quarter.

MSC Industrial Direct Co, Inc (MSC) is direct marketers and distributors of a range of metalworking and maintenance, repair and operations (MRO) products to customers throughout the United States. The Company operates primarily in the United States, with customers in all 50 states, through a network of five customer fulfillment centers (four customer fulfillment centers are located within the United States and one is located in the United Kingdom and 106 branch offices (104 branches are located within the United States, one is located in the United Kingdom and the other is located in Mexico).

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