MSC Industrial Direct Company, Inc. (NYSE:MSM) Director Mitchell Jacobson sold 13,582 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $81.91, for a total transaction of $1,112,501.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • 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 transaction of $2,790,219.74.

Shares of MSC Industrial Direct Company, Inc. (NYSE:MSM) opened at $81.46 on Thursday. The company has a quick ratio of 0.97, a current ratio of 1.80 and a debt-to-equity ratio of 0.16. The stock has a market cap of $4,607.71, a price-to-earnings ratio of 20.23, a P/E/G ratio of 1.60 and a beta of 0.64. MSC Industrial Direct Company, Inc. has a 12 month low of $65.42 and a 12 month high of $105.70.

MSC Industrial Direct (NYSE:MSM) last issued its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.08. The business had revenue of $753.80 million during the quarter, compared to analyst estimates of $745.80 million. MSC Industrial Direct had a net margin of 8.01% and a return on equity of 19.42%. The business’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.02 earnings per share. analysts expect that MSC Industrial Direct Company, Inc. will post 4.44 EPS for the current year.

The business also recently declared 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 represents a $1.92 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend is Monday, November 13th. This is a positive change from MSC Industrial Direct’s previous quarterly dividend of $0.45. MSC Industrial Direct’s payout ratio is 44.55%.

TRADEMARK VIOLATION NOTICE: This piece was reported by Daily Political and is the property of of Daily Political. If you are accessing this piece on another site, it was illegally stolen and reposted in violation of U.S. and international copyright law. The legal version of this piece can be read at https://www.dailypolitical.com/2017/11/09/mitchell-jacobson-sells-13582-shares-of-msc-industrial-direct-company-inc-msm-stock.html.

MSM has been the topic of several research reports. Credit Suisse Group cut their price target on shares of MSC Industrial Direct from $100.00 to $93.00 and set an “outperform” rating on the stock in a report on Thursday, July 13th. Robert W. Baird reiterated a “neutral” rating and set a $85.00 price objective (down previously from $92.00) on shares of MSC Industrial Direct in a research note on Thursday, July 13th. Zacks Investment Research lowered shares of MSC Industrial Direct from a “buy” rating to a “hold” rating in a research note on Friday, July 14th. Stifel Nicolaus reiterated a “hold” rating and set a $78.00 price objective (down previously from $88.00) on shares of MSC Industrial Direct in a research note on Friday, July 14th. Finally, BMO Capital Markets dropped their price objective on shares of MSC Industrial Direct from $98.00 to $87.00 and set a “market perform” rating on the stock in a research note on Friday, July 14th. 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 stock. The stock currently has a consensus rating of “Hold” and an average price target of $89.29.

Several large investors have recently modified their holdings of MSM. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of MSC Industrial Direct by 8.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,539 shares of the industrial products company’s stock worth $132,000 after buying an additional 123 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of MSC Industrial Direct by 0.5% in the second quarter. PNC Financial Services Group Inc. now owns 1,577 shares of the industrial products company’s stock worth $136,000 after buying an additional 8 shares during the last quarter. QS Investors LLC increased its stake in shares of MSC Industrial Direct by 0.5% in the second quarter. QS Investors LLC now owns 1,749 shares of the industrial products company’s stock worth $150,000 after buying an additional 8 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in MSC Industrial Direct by 1,373.3% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 2,210 shares of the industrial products company’s stock worth $167,000 after purchasing an additional 2,060 shares during the period. Finally, Numeric Investors LLC acquired a new position in MSC Industrial Direct in the second quarter worth $206,000. Institutional investors and hedge funds own 74.12% of the company’s stock.

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)

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