MSC Industrial Direct Co Inc (NYSE:MSM) Director Denis F. Kelly sold 1,500 shares of the stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $88.43, for a total transaction of $132,645.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

NYSE MSM remained flat at $$87.38 on Friday. The company’s stock had a trading volume of 297,475 shares, compared to its average volume of 337,107. The stock has a market cap of $4.92 billion, a PE ratio of 17.94, a PEG ratio of 1.08 and a beta of 0.53. MSC Industrial Direct Co Inc has a 52-week low of $71.68 and a 52-week high of $99.94. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.14 and a current ratio of 2.11.

MSC Industrial Direct (NYSE:MSM) last released its quarterly earnings results on Wednesday, July 11th. The industrial products company reported $1.39 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.39. The firm had revenue of $828.30 million during the quarter, compared to analysts’ expectations of $834.43 million. MSC Industrial Direct had a return on equity of 21.08% and a net margin of 10.16%. MSC Industrial Direct’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.09 EPS. equities analysts anticipate that MSC Industrial Direct Co Inc will post 5.06 EPS for the current fiscal year.

A number of research firms recently issued reports on MSM. ValuEngine downgraded shares of MSC Industrial Direct from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Zacks Investment Research downgraded shares of MSC Industrial Direct from a “hold” rating to a “sell” rating in a research report on Tuesday, September 11th. BMO Capital Markets dropped their target price on shares of MSC Industrial Direct from $104.00 to $92.00 and set a “market perform” rating for the company in a research report on Thursday, July 12th. Wells Fargo & Co dropped their target price on shares of MSC Industrial Direct from $95.00 to $87.00 and set a “market perform” rating for the company in a research report on Thursday, July 12th. Finally, Northcoast Research set a $95.00 target price on shares of MSC Industrial Direct and gave the stock a “buy” rating in a research report on Friday, July 13th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $101.23.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MSM. Macquarie Group Ltd. purchased a new position in shares of MSC Industrial Direct during the 2nd quarter valued at approximately $110,000. Asset Management One Co. Ltd. purchased a new position in shares of MSC Industrial Direct during the 1st quarter valued at approximately $191,000. Quantbot Technologies LP purchased a new position in shares of MSC Industrial Direct during the 1st quarter valued at approximately $199,000. CHICAGO TRUST Co NA purchased a new position in shares of MSC Industrial Direct during the 2nd quarter valued at approximately $218,000. Finally, Nomura Holdings Inc. purchased a new position in shares of MSC Industrial Direct during the 2nd quarter valued at approximately $219,000. Hedge funds and other institutional investors own 75.20% of the company’s stock.

MSC Industrial Direct Company Profile

MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes various ranges of metalworking and maintenance, repair, and operations (MRO) products primarily 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, 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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