MSC Industrial Direct Chairman Unloads $1,727,194 in Stock (MSM)
MSC Industrial Direct (NYSE:MSM) Chairman David Sandler sold 19,933 shares of the stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $86.65, for a total value of $1,727,194.45. Following the sale, the chairman now directly owns 200,082 shares in the company, valued at approximately $17,337,105. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of MSC Industrial Direct (NYSE:MSM) traded up 0.98% on Wednesday, hitting $88.25. 767,923 shares of the company’s stock traded hands. MSC Industrial Direct has a 52-week low of $74.15 and a 52-week high of $87.92. The stock has a 50-day moving average of $80.41 and a 200-day moving average of $79.68. The company has a market cap of $5.484 billion and a P/E ratio of 23.76.
MSC Industrial Direct (NYSE:MSM) last announced its earnings results on Wednesday, January 8th. The company reported $0.99 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $1.01 earnings per share. The company’s quarterly revenue was up 17.5% on a year-over-year basis. On average, analysts predict that MSC Industrial Direct will post $3.99 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, January 28th. Shareholders of record on Tuesday, January 14th will be paid a dividend of 0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Friday, January 10th.
A number of research firms have recently commented on MSM. Analysts at Jefferies Group upgraded shares of MSC Industrial Direct from a “hold” rating to a “buy” rating in a research note to investors on Tuesday. Separately, 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, January 9th. They now have an “equal weight” rating on the stock. Finally, 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, January 9th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $89.26.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.