MSC Industrial Direct Company, Inc. (MSM) Director Sells $8,422,811.91 in Stock

MSC Industrial Direct Company, Inc. (NYSE:MSM) Director Mitchell Jacobson sold 104,101 shares of MSC Industrial Direct stock in a transaction on Monday, November 20th. The shares were sold at an average price of $80.91, for a total value of $8,422,811.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Mitchell Jacobson also recently made the following trade(s):

  • On Thursday, November 16th, Mitchell Jacobson sold 30,803 shares of MSC Industrial Direct stock. The shares were sold at an average price of $80.64, for a total value of $2,483,953.92.
  • On Tuesday, November 14th, Mitchell Jacobson sold 26,306 shares of MSC Industrial Direct stock. The shares were sold at an average price of $79.40, for a total value of $2,088,696.40.
  • On Friday, November 10th, Mitchell Jacobson sold 11,121 shares of MSC Industrial Direct stock. The shares were sold at an average price of $80.79, for a total value of $898,465.59.
  • On Monday, November 6th, Mitchell Jacobson sold 13,582 shares of MSC Industrial Direct stock. The shares were sold at an average price of $81.91, for a total value of $1,112,501.62.
  • On Thursday, November 2nd, Mitchell Jacobson sold 33,866 shares of MSC Industrial Direct stock. The shares were sold at an average price of $82.39, for a total value of $2,790,219.74.

Shares of MSC Industrial Direct Company, Inc. (NYSE MSM) opened at $81.49 on Thursday. The company has a market capitalization of $4,635.34, a price-to-earnings ratio of 20.35, a PEG ratio of 1.61 and a beta of 0.64. MSC Industrial Direct Company, Inc. has a 52 week low of $65.42 and a 52 week high of $105.70. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.80 and a quick ratio of 0.97.

MSC Industrial Direct (NYSE:MSM) last released its earnings results on Tuesday, October 31st. The industrial products company reported $1.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 company had revenue of $753.80 million during the quarter, compared to analysts’ expectations of $745.80 million. During the same period last year, the firm earned $1.02 EPS. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. sell-side analysts predict that MSC Industrial Direct Company, Inc. will post 4.45 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 28th. Investors of record on Tuesday, November 14th will be paid a dividend of $0.48 per share. 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. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.36%. MSC Industrial Direct’s payout ratio is 47.52%.

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Institutional investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of MSC Industrial Direct by 8.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,539 shares of the industrial products company’s stock worth $132,000 after purchasing an additional 123 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of MSC Industrial Direct by 5.9% during the first quarter. PNC Financial Services Group Inc. now owns 1,569 shares of the industrial products company’s stock worth $161,000 after purchasing an additional 88 shares during the period. QS Investors LLC grew its stake in shares of MSC Industrial Direct by 0.5% during the second quarter. QS Investors LLC now owns 1,749 shares of the industrial products company’s stock worth $150,000 after purchasing an additional 8 shares during the period. Zions Bancorporation acquired a new stake in shares of MSC Industrial Direct during the third quarter worth $150,000. Finally, HighTower Advisors LLC acquired a new stake in shares of MSC Industrial Direct during the first quarter worth $217,000. 73.67% of the stock is owned by institutional investors and hedge funds.

Several brokerages have issued reports on MSM. J P Morgan Chase & Co downgraded MSC Industrial Direct from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $80.00 to $76.00 in a research report on Friday, August 4th. Susquehanna Bancshares Inc began coverage on MSC Industrial Direct in a research report on Monday, September 25th. They issued a “neutral” rating and a $77.00 price objective for the company. KeyCorp reiterated a “hold” rating on shares of MSC Industrial Direct in a research report on Tuesday, October 17th. BMO Capital Markets reiterated a “market perform” rating and issued a $83.00 price objective (up previously from $79.00) on shares of MSC Industrial Direct in a research report on Monday, October 9th. Finally, Gabelli upgraded MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a research report on Friday, October 13th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $88.31.

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.

Insider Buying and Selling by Quarter for MSC Industrial Direct (NYSE:MSM)

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