MSC Industrial Direct Company, Inc. (NYSE:MSM) SVP Kimberly Shacklett Sells 2,129 Shares

MSC Industrial Direct Company, Inc. (NYSE:MSM - Get Free Report) SVP Kimberly Shacklett sold 2,129 shares of the business's stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $90.60, for a total transaction of $192,887.40. Following the completion of the transaction, the senior vice president owned 14,657 shares in the company, valued at approximately $1,327,924.20. The trade was a 12.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

MSC Industrial Direct Stock Up 1.9%

Shares of NYSE MSM traded up $1.75 during trading on Thursday, hitting $92.45. 280,135 shares of the company traded hands, compared to its average volume of 620,505. The business's fifty day moving average is $81.87 and its 200 day moving average is $79.75. MSC Industrial Direct Company, Inc. has a fifty-two week low of $68.10 and a fifty-two week high of $92.65. The firm has a market capitalization of $5.15 billion, a price-to-earnings ratio of 26.17 and a beta of 0.87. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 1.92.

MSC Industrial Direct (NYSE:MSM - Get Free Report) last posted its earnings results on Tuesday, July 1st. The industrial products company reported $1.08 earnings per share for the quarter, topping analysts' consensus estimates of $1.03 by $0.05. MSC Industrial Direct had a net margin of 5.30% and a return on equity of 14.99%. The company had revenue of $971.15 million for the quarter, compared to analyst estimates of $969.72 million. During the same quarter in the prior year, the business posted $1.33 EPS. The firm's revenue was down .8% compared to the same quarter last year. Equities research analysts predict that MSC Industrial Direct Company, Inc. will post 3.57 earnings per share for the current fiscal year.

MSC Industrial Direct Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 9th will be issued a $0.85 dividend. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.68%. MSC Industrial Direct's dividend payout ratio is presently 96.05%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Robert W. Baird boosted their target price on shares of MSC Industrial Direct from $84.00 to $95.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. Stephens boosted their target price on shares of MSC Industrial Direct from $85.00 to $90.00 and gave the company an "equal weight" rating in a report on Wednesday, July 2nd. Loop Capital boosted their target price on shares of MSC Industrial Direct from $74.00 to $84.00 and gave the company a "hold" rating in a report on Wednesday, July 2nd. Industrial Alliance Securities set a $89.00 target price on shares of MSC Industrial Direct in a report on Tuesday, May 27th. Finally, JPMorgan Chase & Co. upgraded shares of MSC Industrial Direct from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $73.00 to $89.00 in a report on Tuesday, May 27th. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $90.33.

Institutional Investors Weigh In On MSC Industrial Direct

A number of institutional investors and hedge funds have recently made changes to their positions in MSM. Invesco Ltd. boosted its holdings in MSC Industrial Direct by 127.5% during the 4th quarter. Invesco Ltd. now owns 1,206,811 shares of the industrial products company's stock worth $90,137,000 after acquiring an additional 676,238 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in MSC Industrial Direct by 445.4% during the 1st quarter. Victory Capital Management Inc. now owns 779,800 shares of the industrial products company's stock worth $60,567,000 after acquiring an additional 636,827 shares during the last quarter. Mackenzie Financial Corp increased its stake in MSC Industrial Direct by 6,108.1% in the 1st quarter. Mackenzie Financial Corp now owns 505,960 shares of the industrial products company's stock valued at $39,298,000 after buying an additional 497,810 shares during the last quarter. Deprince Race & Zollo Inc. purchased a new stake in MSC Industrial Direct in the 4th quarter valued at about $35,576,000. Finally, Norges Bank purchased a new stake in MSC Industrial Direct in the 4th quarter valued at about $34,735,000. Institutional investors and hedge funds own 79.26% of the company's stock.

MSC Industrial Direct Company Profile

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