MSC Industrial Direct Co Inc (NYSE:MSM) SVP Gregory Polli sold 12,736 shares of the stock in a transaction that occurred on Thursday, February 7th. The stock was sold at an average price of $82.60, for a total transaction of $1,051,993.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

MSC Industrial Direct stock traded up $1.39 during mid-day trading on Monday, reaching $83.27. 363,267 shares of the company’s stock were exchanged, compared to its average volume of 462,227. The firm has a market cap of $4.57 billion, a PE ratio of 16.40, a price-to-earnings-growth ratio of 1.41 and a beta of 0.86. MSC Industrial Direct Co Inc has a twelve month low of $73.28 and a twelve month high of $96.58. 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 (NYSE:MSM) last released its earnings results 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 company had revenue of $831.60 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the business earned $1.05 EPS. On average, equities research analysts anticipate that MSC Industrial Direct Co Inc will post 5.82 earnings per share 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 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 yield of 3.03%. MSC Industrial Direct’s dividend payout ratio (DPR) is presently 49.61%.

Institutional investors have recently added to or reduced their stakes in the business. Cadence Capital Management LLC lifted its holdings in MSC Industrial Direct by 223.1% during the 3rd quarter. Cadence Capital Management LLC now owns 16,968 shares of the industrial products company’s stock worth $1,495,000 after buying an additional 11,716 shares in the last quarter. Federated Investors Inc. PA raised its holdings in shares of MSC Industrial Direct by 709.7% in the 3rd quarter. Federated Investors Inc. PA now owns 235,789 shares of the industrial products company’s stock valued at $20,775,000 after purchasing an additional 206,669 shares in the last quarter. WINTON GROUP Ltd raised its holdings in shares of MSC Industrial Direct by 106.7% in the 3rd quarter. WINTON GROUP Ltd now owns 112,202 shares of the industrial products company’s stock valued at $9,886,000 after purchasing an additional 57,922 shares in the last quarter. Northern Trust Corp raised its holdings in shares of MSC Industrial Direct by 6.0% in the 2nd quarter. Northern Trust Corp now owns 417,264 shares of the industrial products company’s stock valued at $35,405,000 after purchasing an additional 23,621 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of MSC Industrial Direct by 69.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 327,419 shares of the industrial products company’s stock valued at $28,849,000 after purchasing an additional 134,287 shares in the last quarter. Institutional investors own 78.41% of the company’s stock.

A number of equities analysts recently weighed in on MSM shares. Wells Fargo & Co lowered 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 report on Friday, December 21st. Jefferies Financial Group started coverage on shares of MSC Industrial Direct in a research report on Monday, January 7th. They set a “buy” rating and a $92.00 price objective for the company. 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 report on Friday. Buckingham Research set a $83.00 price objective on shares of MSC Industrial Direct and gave the stock a “hold” rating in a research report on Thursday, January 10th. Finally, Zacks Investment Research raised shares of MSC Industrial Direct from a “sell” rating to a “hold” rating in a research report on Thursday, January 17th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $95.55.

ILLEGAL ACTIVITY NOTICE: “Insider Selling: MSC Industrial Direct Co Inc (MSM) SVP Sells 12,736 Shares of Stock” was originally posted by Daily Political and is owned by of Daily Political. If you are accessing this piece on another domain, it was copied illegally and republished in violation of United States and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.dailypolitical.com/2019/02/11/insider-selling-msc-industrial-direct-co-inc-msm-svp-sells-12736-shares-of-stock.html.

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.

Featured Story: Cost of Equity For A Business, Investors

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

Receive News & Ratings for MSC Industrial Direct Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MSC Industrial Direct and related companies with MarketBeat.com's FREE daily email newsletter.