MSC Industrial Direct Chairman Unloads $327,491 in Stock (MSM)
MSC Industrial Direct (NYSE:MSM) Chairman David Sandler sold 3,727 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $87.87, for a total transaction of $327,491.49. Following the transaction, the chairman now directly owns 200,082 shares of the company’s stock, valued at approximately $17,581,205. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on MSM shares. 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 investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. MSC Industrial Direct has a consensus rating of “Buy” and a consensus target price of $89.26.
MSC Industrial Direct (NYSE:MSM) traded up 0.83% during mid-day trading on Thursday, hitting $88.98. 657,397 shares of the company’s stock traded hands. MSC Industrial Direct has a one year low of $74.85 and a one year high of $88.47. The stock’s 50-day moving average is $80.76 and its 200-day moving average is $79.75. The company has a market cap of $5.529 billion and a price-to-earnings ratio of 23.99.
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 in the previous year, the company posted $1.01 earnings per share. The company’s revenue for the quarter 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 declared a quarterly dividend, which is scheduled for Tuesday, January 28th. Stockholders 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 1.50%. The ex-dividend date of this dividend is Friday, January 10th.
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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