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

MSC Industrial Direct Company, Inc. (NYSE:MSM - Get Free Report) SVP Kimberly Shacklett sold 2,129 shares of the firm'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 directly owned 14,657 shares of the company's stock, valued at approximately $1,327,924.20. This trade represents a 12.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Kimberly Shacklett also recently made the following trade(s):

• On Thursday, July 10th, Kimberly Shacklett sold 2,130 shares of MSC Industrial Direct stock. The shares were sold at an average price of $92.00, for a total transaction of $195,960.00.

MSC Industrial Direct Price Performance

Shares of MSC Industrial Direct stock traded down $1.17 on Friday, reaching $90.49. 648,680 shares of the stock were exchanged, compared to its average volume of 623,315. The firm's 50 day moving average is $82.44 and its 200-day moving average is $80.01. MSC Industrial Direct Company, Inc. has a one year low of $68.10 and a one year high of $92.68. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 1.92. The firm has a market cap of $5.04 billion, a PE ratio of 25.56 and a beta of 0.87.

MSC Industrial Direct (NYSE:MSM - Get Free Report) last issued its quarterly 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. The company had revenue of $971.15 million during the quarter, compared to the consensus estimate of $969.72 million. MSC Industrial Direct had a net margin of 5.30% and a return on equity of 14.99%. The firm's quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.33 EPS. As a group, analysts anticipate that MSC Industrial Direct Company, Inc. will post 3.57 EPS for the current fiscal year.

MSC Industrial Direct Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 9th will be given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date of this dividend is Wednesday, July 9th. MSC Industrial Direct's dividend payout ratio is 96.05%.

Hedge Funds Weigh In On MSC Industrial Direct

Institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its position in MSC Industrial Direct by 47.1% during the 1st quarter. GAMMA Investing LLC now owns 681 shares of the industrial products company's stock worth $53,000 after purchasing an additional 218 shares in the last quarter. Janney Montgomery Scott LLC increased its position in MSC Industrial Direct by 6.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 5,956 shares of the industrial products company's stock worth $463,000 after purchasing an additional 337 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in MSC Industrial Direct by 4.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 9,078 shares of the industrial products company's stock worth $705,000 after purchasing an additional 388 shares in the last quarter. Norges Bank acquired a new position in MSC Industrial Direct during the 4th quarter worth approximately $34,735,000. Finally, Farther Finance Advisors LLC increased its position in MSC Industrial Direct by 895.0% during the 1st quarter. Farther Finance Advisors LLC now owns 597 shares of the industrial products company's stock worth $46,000 after purchasing an additional 537 shares in the last quarter. 79.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on MSM. JPMorgan Chase & Co. raised shares of MSC Industrial Direct from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $73.00 to $89.00 in a report on Tuesday, May 27th. Robert W. Baird lifted their target price on shares of MSC Industrial Direct from $84.00 to $95.00 and gave the stock a "neutral" rating in a report on Wednesday, July 2nd. Loop Capital lifted their target price on shares of MSC Industrial Direct from $74.00 to $84.00 and gave the stock a "hold" rating in a report on Wednesday, July 2nd. Stephens lifted their target price on shares of MSC Industrial Direct from $85.00 to $90.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 2nd. Finally, Wolfe Research raised shares of MSC Industrial Direct to a "strong-buy" rating in a report on Sunday, April 6th. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $90.33.

About MSC Industrial Direct

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.