Dividend Coverage: The $0.45 mark is well within reach for MSC Industrial Direct Company, Inc. (NYSE:MSM).

Dividend Coverage: The $0.45 mark is well within reach for MSC Industrial Direct Company, Inc. (NYSE:MSM).

MSC Industrial Direct Company, Inc. (NYSE:MSM) is expected to pay $0.45 on Nov 29, 2016. The indicated annual dividend is $1.80. Shareholders owning the stock before Nov 10, 2016 will be eligible to receive the payout. Based on MSC Industrial Direct Company, Inc.’s current price of $76.12, the dividend is 0.59%. This dividend’s record date is Nov 15, 2016 and the announcement date is Oct 28, 2016. The stock increased 0.63% or $0.48 during the last trading session, hitting $76.12. MSC Industrial Direct Co Inc (NYSE:MSM) has risen 2.91% since April 7, 2016 and is uptrending. It has underperformed by 1.88% the S&P500.

MSC Industrial Direct Co., Inc. is direct marketers and distributors of a range of metalworking and maintenance, repair and activities (MRO) products to clients throughout the United States. The company has a market cap of $4.43 billion. The Firm operates primarily in the United States, with clients in all 50 states, through a network of five customer fulfillment centers (four customer fulfillment centers are located within the United States and one is located in the United Kingdom and 106 branch offices (104 branches are located within the United States, one is located in the United Kingdom and the other is located in Mexico). It has a 20.18 P/E ratio.

Insitutional Activity: The institutional sentiment increased to 1.42 in Q2 2016. Its up 0.12, from 1.3 in 2016Q1. The ratio is positive, as 27 funds sold all MSC Industrial Direct Co Inc shares owned while 86 reduced positions. 52 funds bought stakes while 108 increased positions. They now own 47.57 million shares or 0.06% less from 47.60 million shares in 2016Q1.
Martingale Asset Management L P has 0.03% invested in the company for 29,555 shares. Weaver C Barksdale Associates has invested 0.02% of its portfolio in MSC Industrial Direct Co Inc (NYSE:MSM). Goldman Sachs last reported 0.01% of its portfolio in the stock. M&T National Bank & Trust Corporation has 4,299 shares for 0% of their US portfolio. Gotham Asset Mngmt Ltd Company holds 0.05% of its portfolio in MSC Industrial Direct Co Inc (NYSE:MSM) for 62,724 shares. Nordea Invest owns 8,612 shares or 0% of their US portfolio. Teachers Retirement Of The State Of Kentucky holds 0.05% of its portfolio in MSC Industrial Direct Co Inc (NYSE:MSM) for 52,497 shares. American Int Group accumulated 0% or 108,776 shares. Teacher Retirement Systems Of Texas has 41,179 shares for 0.02% of their US portfolio. Stephens Investment Management Gru Limited Co reported 256,782 shares or 0.6% of all its holdings. Confluence Invest Mgmt Limited Liability holds 0.49% of its portfolio in MSC Industrial Direct Co Inc (NYSE:MSM) for 250,161 shares. Northwest Investment Counselors Ltd Company owns 6,170 shares or 0.24% of their US portfolio. The Washington-based Parametric Associate Limited Liability has invested 0.01% in MSC Industrial Direct Co Inc (NYSE:MSM). Washington Management has 5,000 shares for 0.5% of their US portfolio. The Texas-based Texas Permanent School Fund has invested 0.03% in MSC Industrial Direct Co Inc (NYSE:MSM).

Insider Transactions: Since May 10, 2016, the stock had 0 buys, and 3 sales for $715,264 net activity. Shares for $329,786 were sold by Jones Douglas E. $411,190 worth of MSC Industrial Direct Co Inc (NYSE:MSM) shares were sold by SANDLER DAVID. Armstrong Steve sold $273,728 worth of stock or 3,732 shares.

MSC Industrial Direct Co Inc (NYSE:MSM) Ratings Coverage

Out of 9 analysts covering MSC Industrial Direct Co. (NYSE:MSM), 2 rate it a “Buy”, 2 “Sell”, while 5 “Hold”. This means 22% are positive. MSC Industrial Direct Co. has been the topic of 18 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of MSC Industrial Direct Co Inc (NYSE:MSM) earned “Neutral” rating by Macquarie Research on Friday, August 26. As per Monday, March 14, the company rating was maintained by KeyBanc Capital Markets. The stock of MSC Industrial Direct Co Inc (NYSE:MSM) has “Equal-Weight” rating given on Monday, October 5 by Barclays Capital. The rating was initiated by Sterne Agee CRT on Tuesday, March 22 with “Neutral”. The rating was initiated by Gabelli with “Buy” on Friday, January 15. As per Wednesday, October 28, the company rating was maintained by Stephens. BMO Capital Markets initiated MSC Industrial Direct Co Inc (NYSE:MSM) rating on Tuesday, April 5. BMO Capital Markets has “Market Perform” rating and $80 price target. Credit Suisse maintained it with “Underperform” rating and $65 target price in Friday, August 19 report. KeyBanc Capital Markets initiated MSC Industrial Direct Co Inc (NYSE:MSM) on Tuesday, July 21 with “Overweight” rating. The company was maintained on Thursday, April 7 by Barclays Capital.

More important recent MSC Industrial Direct Co Inc (NYSE:MSM) news were published by: Nasdaq.com which released: “Ex-Dividend Reminder: Allison Transmission Holdings, MSC Industrial Direct and …” on November 08, 2016, also Marketwatch.com published article titled: “MSC Industrial Direct Co.”, Fool.com published: “MSC Industrial Direct Co.: Near-Term Pain, Long-Term Gain?” on October 31, 2015. More interesting news about MSC Industrial Direct Co Inc (NYSE:MSM) was released by: Quotes.Wsj.com and their article: “News MSC Industrial Direct Co.MSM” with publication date: February 11, 2011.

MSM Company Profile

MSC Industrial Direct Co., Inc. (MSC), incorporated on October 25, 1995, is direct marketers and distributors of a range of metalworking and maintenance, repair and activities (MRO) products to clients throughout the United States. The Firm operates primarily in the United States, with clients in all 50 states, through a network of five customer fulfillment centers (four customer fulfillment centers are located within the United States and one is located in the United Kingdom and 106 branch offices (104 branches are located within the United States, one is located in the United Kingdom and the other is located in Mexico).

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