MSC Industrial Direct Co., Inc. (NYSE:MSM) Director Mitchell Jacobson Sells 18,746 Shares

MSC Industrial Direct Co., Inc. (NYSE:MSMGet Free Report) Director Mitchell Jacobson sold 18,746 shares of MSC Industrial Direct stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $97.63, for a total value of $1,830,171.98. Following the completion of the transaction, the director now directly owns 1,846,027 shares in the company, valued at approximately $180,227,616.01. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

  • On Monday, January 29th, Mitchell Jacobson sold 137,716 shares of MSC Industrial Direct stock. The stock was sold at an average price of $97.66, for a total value of $13,449,344.56.
  • On Monday, January 22nd, Mitchell Jacobson sold 51,040 shares of MSC Industrial Direct stock. The stock was sold at an average price of $97.31, for a total value of $4,966,702.40.

MSC Industrial Direct Stock Up 1.9 %

Shares of MSC Industrial Direct stock opened at $99.65 on Wednesday. The firm has a market cap of $5.62 billion, a price-to-earnings ratio of 16.95 and a beta of 0.97. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.02 and a quick ratio of 0.89. MSC Industrial Direct Co., Inc. has a 52-week low of $77.99 and a 52-week high of $105.77. The stock has a 50-day simple moving average of $98.44 and a 200-day simple moving average of $98.66.

MSC Industrial Direct (NYSE:MSMGet Free Report) last announced its quarterly earnings results on Tuesday, January 9th. The industrial products company reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.05). The firm had revenue of $954.00 million for the quarter, compared to analyst estimates of $971.31 million. MSC Industrial Direct had a net margin of 8.27% and a return on equity of 23.46%. The firm’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.48 earnings per share. On average, equities research analysts expect that MSC Industrial Direct Co., Inc. will post 5.91 earnings per share for the current fiscal year.

MSC Industrial Direct Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 9th were issued a dividend of $0.83 per share. The ex-dividend date was Monday, January 8th. This represents a $3.32 annualized dividend and a dividend yield of 3.33%. MSC Industrial Direct’s dividend payout ratio is 56.46%.

Institutional Investors Weigh In On MSC Industrial Direct

Several institutional investors have recently made changes to their positions in MSM. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of MSC Industrial Direct by 465.4% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 19,687 shares of the industrial products company’s stock valued at $1,678,000 after buying an additional 16,205 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in MSC Industrial Direct by 3.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 13,636 shares of the industrial products company’s stock worth $1,162,000 after purchasing an additional 447 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in MSC Industrial Direct by 115.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,514 shares of the industrial products company’s stock worth $128,000 after purchasing an additional 812 shares during the last quarter. Natixis Advisors L.P. lifted its holdings in MSC Industrial Direct by 14.1% in the 1st quarter. Natixis Advisors L.P. now owns 24,042 shares of the industrial products company’s stock worth $2,049,000 after purchasing an additional 2,974 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in MSC Industrial Direct by 34.2% in the 1st quarter. MetLife Investment Management LLC now owns 30,438 shares of the industrial products company’s stock worth $2,594,000 after purchasing an additional 7,749 shares during the last quarter. 89.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. StockNews.com assumed coverage on MSC Industrial Direct in a research note on Thursday, October 5th. They set a “buy” rating on the stock. Loop Capital raised MSC Industrial Direct from a “hold” rating to a “buy” rating and lifted their target price for the company from $96.00 to $124.00 in a research note on Monday, October 9th. Finally, KeyCorp lowered their target price on MSC Industrial Direct from $105.00 to $102.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 10th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $105.00.

View Our Latest Stock Report on MSM

About MSC Industrial Direct

(Get Free Report)

MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes metalworking and maintenance, repair, and operations (MRO) products and services in the United States, Canada, Mexico, the United Kingdom, and internationally. The company's MRO products include 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.

Further Reading

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

Receive News & Ratings for MSC Industrial Direct Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MSC Industrial Direct and related companies with MarketBeat.com's FREE daily email newsletter.