MSC Industrial Direct Company, Inc. (MSM) Director Mitchell Jacobson Sells 104,101 Shares

MSC Industrial Direct Company, Inc. (NYSE:MSM) Director Mitchell Jacobson sold 104,101 shares of the company’s 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 document filed with the Securities & Exchange Commission, which is accessible through 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 $81.38 on Tuesday. The stock has a market capitalization of $4,564.85, a PE ratio of 20.04, a P/E/G ratio of 1.58 and a beta of 0.64. 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 Company, Inc. has a one year low of $65.42 and a one year high of $105.70.

MSC Industrial Direct (NYSE:MSM) last announced its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.08. The firm had revenue of $753.80 million during the quarter, compared to the consensus estimate of $745.80 million. MSC Industrial Direct had a return on equity of 19.42% and a net margin of 8.01%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.02 EPS. analysts predict that MSC Industrial Direct Company, Inc. will post 4.45 earnings per share for the current year.

The firm 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 $0.48 dividend. This is an increase from MSC Industrial Direct’s previous quarterly dividend of $0.45. This represents a $1.92 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend is Monday, November 13th. MSC Industrial Direct’s dividend payout ratio is currently 47.52%.

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Several analysts have recently weighed in on MSM shares. Zacks Investment Research upgraded MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a report on Wednesday, September 27th. Stifel Nicolaus reaffirmed a “hold” rating and set a $84.00 target price on shares of MSC Industrial Direct in a report on Friday, November 3rd. BMO Capital Markets reaffirmed a “market perform” rating on shares of MSC Industrial Direct in a report on Tuesday, September 12th. BidaskClub downgraded MSC Industrial Direct from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Finally, TheStreet downgraded MSC Industrial Direct from a “b” rating to a “c+” rating in a report on Wednesday, August 16th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $89.29.

A number of institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio lifted its stake in MSC Industrial Direct by 30.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 372,507 shares of the industrial products company’s stock worth $28,150,000 after acquiring an additional 87,188 shares in the last quarter. GSA Capital Partners LLP lifted its stake in MSC Industrial Direct by 37.4% in the 3rd quarter. GSA Capital Partners LLP now owns 13,182 shares of the industrial products company’s stock worth $996,000 after acquiring an additional 3,589 shares in the last quarter. DF Dent & Co. Inc. lifted its stake in MSC Industrial Direct by 37.5% in the 3rd quarter. DF Dent & Co. Inc. now owns 4,407 shares of the industrial products company’s stock worth $333,000 after acquiring an additional 1,203 shares in the last quarter. California Public Employees Retirement System lifted its stake in MSC Industrial Direct by 6.3% in the 3rd quarter. California Public Employees Retirement System now owns 141,409 shares of the industrial products company’s stock worth $10,686,000 after acquiring an additional 8,409 shares in the last quarter. Finally, Highbridge Capital Management LLC purchased a new stake in MSC Industrial Direct in the 3rd quarter worth about $7,409,000. 73.67% of the stock is owned by hedge funds and other institutional investors.

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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