MSC Industrial Direct Co Inc (NYSE:MSM) to Issue Quarterly Dividend of $0.75

MSC Industrial Direct Co Inc (NYSE:MSM) declared a quarterly dividend on Thursday, October 17th, Zacks reports. Investors of record on Tuesday, November 12th will be paid a dividend of 0.75 per share by the industrial products company on Tuesday, November 26th. This represents a $3.00 annualized dividend and a yield of 3.96%. The ex-dividend date of this dividend is Friday, November 8th.

Shares of MSC Industrial Direct stock traded down $0.78 during trading on Wednesday, reaching $75.82. 7,990 shares of the company traded hands, compared to its average volume of 522,466. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.68 and a quick ratio of 1.43. MSC Industrial Direct has a 1-year low of $64.59 and a 1-year high of $90.25. The company has a 50 day moving average price of $71.82 and a 200-day moving average price of $72.50. The firm has a market capitalization of $4.16 billion, a PE ratio of 14.33, a P/E/G ratio of 1.19 and a beta of 0.92.

MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings results on Thursday, October 24th. The industrial products company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.23 by $0.07. MSC Industrial Direct had a net margin of 8.59% and a return on equity of 20.63%. The firm had revenue of $842.70 million for the quarter, compared to the consensus estimate of $837.97 million. During the same period last year, the firm posted $1.29 earnings per share. The business’s revenue was up .6% compared to the same quarter last year. Equities research analysts expect that MSC Industrial Direct will post 5.05 earnings per share for the current year.

MSM has been the subject of a number of analyst reports. ValuEngine upgraded shares of MSC Industrial Direct from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Raymond James downgraded MSC Industrial Direct from an “outperform” rating to a “market perform” rating in a report on Thursday, September 12th. Buckingham Research raised their price target on MSC Industrial Direct from $69.00 to $78.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Wells Fargo & Co set a $60.00 price target on MSC Industrial Direct and gave the stock a “sell” rating in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. raised their price target on MSC Industrial Direct from $78.00 to $79.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $78.10.

In other news, CFO Rustom Jilla sold 1,900 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $75.00, for a total transaction of $142,500.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 27.96% of the stock is owned by company insiders.

MSC Industrial Direct Company Profile

MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes metalworking and maintenance, repair, and operations (MRO) products 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 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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Dividend History for MSC Industrial Direct (NYSE:MSM)

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