Insider Selling: MSC Industrial Direct Co Director Sells 5,710 Shares of Stock (MSM)
MSC Industrial Direct Co (NYSE:MSM) Director Mitchell Jacobson sold 5,710 shares of the stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $90.32, for a total transaction of $515,727.20. Following the sale, the director now directly owns 69,733 shares in the company, valued at approximately $6,298,285. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of MSC Industrial Direct Co (NYSE:MSM) traded up 0.87% on Wednesday, hitting $88.90. 251,181 shares of the company’s stock traded hands. MSC Industrial Direct Co has a 52-week low of $74.87 and a 52-week high of $93.02. The stock’s 50-day moving average is $88.87 and its 200-day moving average is $84.11. The company has a market cap of $5.540 billion and a price-to-earnings ratio of 24.56.
MSC Industrial Direct Co (NYSE:MSM) last announced its earnings results on Wednesday, April 9th. The company reported $0.87 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.85 by $0.02. The company had revenue of $661.50 million for the quarter, compared to the consensus estimate of $665.99 million. During the same quarter last year, the company posted $0.90 earnings per share. MSC Industrial Direct Co’s revenue was up 16.2% compared to the same quarter last year. On average, analysts predict that MSC Industrial Direct Co will post $3.99 earnings per share for the current fiscal year.
MSM has been the subject of a number of recent research reports. Analysts at Credit Suisse reiterated a “neutral” rating on shares of MSC Industrial Direct Co in a research note on Friday, April 11th. They now have a $97.00 price target on the stock, up previously from $90.00. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of MSC Industrial Direct Co in a research note on Friday, April 11th. They now have a $90.00 price target on the stock, up previously from $85.00. Finally, analysts at Wunderlich raised their price target on shares of MSC Industrial Direct Co from $95.00 to $106.00 in a research note on Thursday, April 10th. They now have a “buy” rating on the stock. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $92.43.
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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