Economy

MSC Industrial Direct Co Inc (MSM) Increases Dividend to $0.58 Per Share

The stock decreased 4.98% or $4.87 during the last trading session, reaching $92.83. The company's stock had a trading volume of 2,545,348 shares, compared to its average volume of 934,357. MSC Industrial Direct Co., Inc. has had 55 insider trades in the last 3 months, including 2 open market buys and 53 sells. It has outperformed by 10.18% the S&P500.

Monetta Financial Services Inc increased its stake in Costco Whsl Corp New (COST) by 29.63% based on its latest 2017Q3 regulatory filing with the SEC. Arlington Value Capital Llc sold 79,349 shares as the company's stock declined 18.18% while stock markets rallied. Over the last 90 days, insiders sold 225,541 shares of company stock valued at $18,264,812. The stock decreased 0.38% or $0.71 during the last trading session, reaching $185.58. These shares are worth $4,585,395 and were traded at $82.03 each. Fidelity National Financial, Inc. (NYSE:FNF) has risen 25.97% since January 11, 2017 and is uptrending. It has outperformed by 2.22% the S&P500. MSC Industrial Direct has a one year low of $65.42 and a one year high of $105.70. Therefore 28% are positive. MSC Industrial Direct Company had a net margin of 8.10% and a return on equity of 18.33%. Credit Suisse maintained the shares of MSM in report on Friday, August 19 with "Underperform" rating. The firm has "Hold" rating by BMO Capital Markets given on Tuesday, June 6. The rating was upgraded by Credit Suisse on Tuesday, January 17 to "Neutral". The company was upgraded on Friday, December 15 by Northcoast.

A number of research analysts have issued reports on the stock. Leith Wheeler Investment Counsel Ltd. boosted its position in MSC Industrial Direct by 5.5% in the fourth quarter. As per Wednesday, October 28, the company rating was maintained by Stephens.

On 3/30/2017 announced a quarterly dividend of $0.45 1.75% with an ex dividend date of 4/13/2017 which will be payable on 4/18/2017.

TRADEMARK VIOLATION WARNING: "Zacks Investment Research Lowers MSC Industrial Direct (MSM) to Hold" was originally published by Marea Informative and is the sole property of of Marea Informative.

The average Wall Street analyst rating for MSC Industrial Direct Co., Inc.is Hold, according to the average of 13 analyst scores. (NYSE:MSM) or 4,745 shares.

In recent action, MSC Industrial Direct Co., Inc. (NYSE:MSM). Yorktown Management & holds 11,400 shares. The stock of MSC Industrial Direct Co., Inc. Sns Financial Gp Ltd Liability accumulated 0.09% or 2,254 shares. Citadel Advsrs Ltd Liability Com holds 0.01% of its portfolio in MSC Industrial Direct Co., Inc. (NYSE:MSM) on Monday, March 14 with "Overweight" rating. Putnam Lc stated it has 0.01% of its portfolio in MSC Industrial Direct Co., Inc.

On 11/10/2017 Mitchell Jacobson, Director, sold 11,121 with an average share price of $80.79 per share and the total transaction amounting to $898,465.59. American Commercial Bank owns 0.01% invested in Costco Wholesale Corporation (NASDAQ:COST) for 125 shares. Gabelli Funds Limited Liability Company holds 10,000 shares. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data.

MSC Industrial Direct Co., Inc., together with its subsidiaries, distributes various ranges of metalworking and maintenance, repair, and activities products primarily in the United States, Canada, and the United Kingdom. The company has market cap of $5.42 billion. 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. It has a 22.84 P/E ratio. It offers approximately 1,565,000 stock-keeping units through its catalogs; brochures; eCommerce channels, including its Website, mscdirect.com; and call-centers and branches.

Analysts await DST Systems, Inc. (NYSE:FNF) to report earnings on February, 7. During the same quarter in the prior year, the business earned $0.95 earnings per share. The industrial products company reported $1.07 EPS for the quarter, topping the Zacks' consensus estimate of $0.99 by $0.08. Millennium Management Limited Liability Company owns 550,997 shares or 0.14% of their United States portfolio. It also increased its holding in Molson Coors Brewing Co (NYSE:TAP) by 168,160 shares in the quarter, for a total of 211,632 shares, and has risen its stake in Rent (NASDAQ:RCII). Accenture Ltd (NYSE:ACN) was raised too. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. Costco Wholesale had 118 analyst reports since August 24, 2015 according to SRatingsIntel. The firm has "Equal-Weight" rating given on Monday, October 5 by Barclays Capital. The stock has "Hold" rating by Stifel Nicolaus on Sunday, December 10. As per Monday, January 8, the company rating was maintained by Oppenheimer. Sei Invests Communications reported 63,342 shares. (NYSE:FNF) rating on Thursday, July 20. The firm has "Buy" rating given on Thursday, October 26 by Piper Jaffray.



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