MSC Industrial Direct (NYSE:MSM) Director Mitchell Jacobson sold 100,000 shares of the firm’s stock in a transaction on Tuesday, May 22nd. The shares were sold at an average price of $95.00, for a total value of $9,500,000.00. Following the completion of the sale, the director now owns 50,000 shares of the company’s stock, valued at $4,750,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Mitchell Jacobson also recently made the following trade(s):
- On Thursday, May 17th, Mitchell Jacobson sold 8,796 shares of MSC Industrial Direct stock. The shares were sold at an average price of $94.91, for a total value of $834,828.36.
MSC Industrial Direct stock opened at $91.33 on Friday. The stock has a market capitalization of $5.16 billion, a P/E ratio of 22.55, a PEG ratio of 1.30 and a beta of 0.62. MSC Industrial Direct has a 12-month low of $65.42 and a 12-month high of $99.94. The company has a current ratio of 2.20, a quick ratio of 1.19 and a debt-to-equity ratio of 0.19.
MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings results on Tuesday, April 10th. The industrial products company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.02. The business had revenue of $769.00 million for the quarter, compared to analysts’ expectations of $773.42 million. MSC Industrial Direct had a return on equity of 20.53% and a net margin of 9.91%. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.33 earnings per share. equities analysts predict that MSC Industrial Direct will post 5.17 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, May 1st. Investors of record on Tuesday, April 17th were issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend was Monday, April 16th. MSC Industrial Direct’s dividend payout ratio is 57.28%.
A number of institutional investors have recently bought and sold shares of MSM. Summit Trail Advisors LLC boosted its holdings in MSC Industrial Direct by 7,833.5% in the first quarter. Summit Trail Advisors LLC now owns 517,023 shares of the industrial products company’s stock valued at $517,000 after acquiring an additional 510,506 shares during the last quarter. Anchor Bolt Capital LP bought a new position in MSC Industrial Direct during the fourth quarter worth about $37,496,000. Raymond James & Associates boosted its holdings in MSC Industrial Direct by 653.3% during the fourth quarter. Raymond James & Associates now owns 306,544 shares of the industrial products company’s stock worth $29,631,000 after buying an additional 265,850 shares during the last quarter. Prudential Financial Inc. boosted its holdings in MSC Industrial Direct by 645.5% during the first quarter. Prudential Financial Inc. now owns 265,400 shares of the industrial products company’s stock worth $24,340,000 after buying an additional 229,798 shares during the last quarter. Finally, ArrowMark Colorado Holdings LLC boosted its holdings in MSC Industrial Direct by 13.5% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 1,798,812 shares of the industrial products company’s stock worth $173,873,000 after buying an additional 213,957 shares during the last quarter. Institutional investors and hedge funds own 77.32% of the company’s stock.
A number of brokerages have recently weighed in on MSM. Zacks Investment Research upgraded MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $107.00 target price for the company in a research note on Friday, March 16th. Deutsche Bank set a $102.00 target price on MSC Industrial Direct and gave the company a “hold” rating in a research note on Friday, April 6th. BMO Capital Markets raised their target price on MSC Industrial Direct from $103.00 to $104.00 and gave the company a “market perform” rating in a research note on Wednesday, April 11th. Stephens restated a “buy” rating and issued a $116.00 target price on shares of MSC Industrial Direct in a research note on Tuesday, April 10th. Finally, Goldman Sachs Group began coverage on MSC Industrial Direct in a research note on Sunday, March 18th. They issued a “buy” rating and a $107.00 target price for the company. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $100.62.
MSC Industrial Direct Company Profile
MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes various ranges of metalworking and maintenance, repair, and operations (MRO) products primarily in the United States, Canada, and the United Kingdom. The company's MRO products comprise 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.
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