MSC Industrial Direct Company, Inc. (NYSE:MSM) SVP Sells $195,960.00 in Stock

MSC Industrial Direct Company, Inc. (NYSE:MSM - Get Free Report) SVP Kimberly Shacklett sold 2,130 shares of MSC Industrial Direct stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $92.00, for a total value of $195,960.00. Following the transaction, the senior vice president directly owned 14,657 shares in the company, valued at $1,348,444. The trade was a 12.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Wednesday, July 9th, Kimberly Shacklett sold 2,129 shares of MSC Industrial Direct stock. The shares were sold at an average price of $90.60, for a total transaction of $192,887.40.

MSC Industrial Direct Stock Down 0.2%

NYSE MSM traded down $0.18 on Monday, hitting $90.20. 777,275 shares of the company were exchanged, compared to its average volume of 623,931. The company has a current ratio of 1.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21. The company has a market cap of $5.02 billion, a PE ratio of 25.48 and a beta of 0.87. The stock has a fifty day moving average of $82.44 and a 200-day moving average of $80.01. MSC Industrial Direct Company, Inc. has a 12 month low of $68.10 and a 12 month high of $92.68.

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

MSC Industrial Direct Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 9th will be issued a dividend of $0.85 per share. The ex-dividend date is Wednesday, July 9th. This represents a $3.40 annualized dividend and a dividend yield of 3.77%. MSC Industrial Direct's dividend payout ratio is 96.05%.

Analysts Set New Price Targets

MSM has been the topic of a number of recent analyst reports. Loop Capital boosted their price target on shares of MSC Industrial Direct from $74.00 to $84.00 and gave the stock a "hold" rating in a research 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. Wolfe Research raised shares of MSC Industrial Direct to a "strong-buy" rating in a research report on Sunday, April 6th. Stephens lifted their price objective on MSC Industrial Direct from $85.00 to $90.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 2nd. Finally, Robert W. Baird boosted their price objective on MSC Industrial Direct from $84.00 to $95.00 and gave the company a "neutral" rating in a research note on Wednesday, July 2nd. Three 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 MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $90.33.

Hedge Funds Weigh In On MSC Industrial Direct

A number of institutional investors have recently modified their holdings of MSM. GAMMA Investing LLC increased its stake 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 valued at $53,000 after purchasing an additional 218 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of MSC Industrial Direct by 6.0% during the first quarter. Janney Montgomery Scott LLC now owns 5,956 shares of the industrial products company's stock valued at $463,000 after buying an additional 337 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of MSC Industrial Direct by 4.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 9,078 shares of the industrial products company's stock worth $705,000 after acquiring an additional 388 shares in the last quarter. Norges Bank acquired a new stake in shares of MSC Industrial Direct in the 4th quarter worth about $34,735,000. Finally, Farther Finance Advisors LLC lifted its position in MSC Industrial Direct by 895.0% in the 1st quarter. Farther Finance Advisors LLC now owns 597 shares of the industrial products company's stock valued at $46,000 after acquiring an additional 537 shares in the last quarter. 79.26% of the stock is owned by institutional investors and hedge funds.

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.