MSC Industrial Direct Target of Unusually Large Options Trading (MSM)

MSC Industrial Direct Company, Inc. (NYSE:MSM) was the recipient of some unusual options trading on Monday. Stock traders bought 867 call options on the stock. This represents an increase of approximately Infinity compared to the average volume of 0 call options.

Shares of MSC Industrial Direct (NYSE MSM) opened at $78.98 on Thursday. MSC Industrial Direct has a 12 month low of $65.42 and a 12 month high of $105.70. The company has a quick ratio of 0.97, a current ratio of 1.80 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $4,467.86, a price-to-earnings ratio of 19.61, a P/E/G ratio of 1.55 and a beta of 0.64.

MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.08. MSC Industrial Direct had a return on equity of 19.42% and a net margin of 8.01%. The business had revenue of $753.80 million for the quarter, compared to analysts’ expectations of $745.80 million. During the same quarter in the prior year, the business earned $1.02 EPS. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. equities analysts expect that MSC Industrial Direct will post 4.46 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 28th. Investors of record on Tuesday, November 14th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend is Monday, November 13th. This is a boost from MSC Industrial Direct’s previous quarterly dividend of $0.45. MSC Industrial Direct’s dividend payout ratio is 47.52%.

A number of equities research analysts have recently issued reports on MSM shares. BMO Capital Markets upped their price objective on MSC Industrial Direct from $83.00 to $92.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 1st. Zacks Investment Research upgraded MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a research note on Wednesday, September 27th. Stifel Nicolaus reiterated a “hold” rating and set a $84.00 price objective on shares of MSC Industrial Direct in a research note on Friday, November 3rd. TheStreet cut MSC Industrial Direct from a “b” rating to a “c+” rating in a research note on Wednesday, August 16th. Finally, Wells Fargo & Company set a $86.00 price objective on MSC Industrial Direct and gave the stock a “hold” rating in a research note on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $89.29.

In other MSC Industrial Direct news, Director Mitchell Jacobson sold 26,306 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $79.40, for a total value of $2,088,696.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold a total of 84,875 shares of company stock worth $6,889,883 in the last 90 days. Company insiders own 31.28% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of MSM. Teachers Advisors LLC grew its holdings in MSC Industrial Direct by 43.5% in the 1st quarter. Teachers Advisors LLC now owns 99,831 shares of the industrial products company’s stock valued at $10,259,000 after buying an additional 30,242 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in MSC Industrial Direct by 5.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,569 shares of the industrial products company’s stock valued at $161,000 after buying an additional 88 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in MSC Industrial Direct by 2.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 421,929 shares of the industrial products company’s stock valued at $43,356,000 after buying an additional 9,409 shares in the last quarter. Credit Suisse AG grew its holdings in MSC Industrial Direct by 27.7% in the 1st quarter. Credit Suisse AG now owns 47,228 shares of the industrial products company’s stock valued at $4,854,000 after buying an additional 10,231 shares in the last quarter. Finally, HighTower Advisors LLC acquired a new position in MSC Industrial Direct in the 1st quarter valued at $217,000. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

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MSC Industrial Direct Company Profile

MSC Industrial Direct Co, Inc is a North American distributor of metalworking and maintenance, repair and operations (MRO) products and services. The Company’s range of MRO products include 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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