MSC Industrial Direct VP Unloads $205,989 in Stock (MSM)
MSC Industrial Direct (NYSE:MSM) VP Christopher Davanzo sold 2,434 shares of the stock on the open market in a transaction dated Thursday, January 9th. The shares were sold at an average price of $84.63, for a total transaction of $205,989.42. Following the sale, the vice president now directly owns 8,259 shares in the company, valued at approximately $698,959. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of MSC Industrial Direct (NYSE:MSM) traded up 0.91% during mid-day trading on Friday, hitting $85.40. 534,421 shares of the company’s stock traded hands. MSC Industrial Direct has a one year low of $72.80 and a one year high of $87.92. The stock has a 50-day moving average of $79.56 and a 200-day moving average of $79.49. The company has a market cap of $5.415 billion and a price-to-earnings ratio of 22.57.
MSC Industrial Direct (NYSE:MSM) last issued its quarterly earnings data on Wednesday, January 8th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.04. The company had revenue of $678.50 million for the quarter, compared to the consensus estimate of $673.54 million. During the same quarter last year, the company posted $1.01 earnings per share. MSC Industrial Direct’s revenue was up 17.5% compared to the same quarter last year. Analysts expect that MSC Industrial Direct will post $3.98 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, January 28th. Shareholders of record on Tuesday, January 14th will be given a dividend of 0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Friday, January 10th.
MSM has been the subject of a number of recent research reports. Analysts at Barclays raised their price target on shares of MSC Industrial Direct from $78.00 to $83.00 in a research note to investors on Thursday. They now have an “equal weight” rating on the stock. Separately, analysts at Robert W. Baird raised their price target on shares of MSC Industrial Direct from $87.00 to $89.00 in a research note to investors on Thursday. Finally, analysts at BB&T Corp. raised their price target on shares of MSC Industrial Direct from $94.00 to $98.00 in a research note to investors on Thursday, January 2nd. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. MSC Industrial Direct presently has an average rating of “Buy” and a consensus target price of $89.30.
MSC Industrial Direct Co, Inc (NYSE:MSM) is direct marketers and distributors of a range of metalworking and maintenance, repair and operations (MRO) products to customers throughout the United States.
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