Insider Selling: Charles Bonomo Sells 2,660 Shares of MSC Industrial Direct Co Stock (MSM)
MSC Industrial Direct Co (NYSE:MSM) VP Charles Bonomo unloaded 2,660 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $89.00, for a total value of $236,740.00. Following the completion of the transaction, the vice president now directly owns 9,484 shares of the company’s stock, valued at approximately $844,076. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of MSC Industrial Direct Co (NYSE:MSM) traded down 1.14% during mid-day trading on Friday, hitting $87.80. The stock had a trading volume of 312,647 shares. MSC Industrial Direct Co has a 52 week low of $74.87 and a 52 week high of $96.62. The stock’s 50-day moving average is $89.29 and its 200-day moving average is $88.56. The company has a market cap of $5.480 billion and a price-to-earnings ratio of 24.40.
MSC Industrial Direct Co (NYSE:MSM) last announced its quarterly earnings results on Wednesday, July 9th. The company reported $1.06 earnings per share for the quarter, meeting the analysts’ consensus estimate of $1.06. The company had revenue of $720.50 million for the quarter, compared to the consensus estimate of $727.35 million. During the same quarter last year, the company posted $1.05 earnings per share. MSC Industrial Direct Co’s revenue was up 13.1% compared to the same quarter last year. Analysts expect that MSC Industrial Direct Co will post $3.95 EPS for the current fiscal year.
A number of analysts have recently weighed in on MSM shares. Analysts at Raymond James reiterated an “outperform” rating on shares of MSC Industrial Direct Co in a research note on Thursday, July 10th. They now have a $95.00 price target on the stock, down previously from $100.00. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of MSC Industrial Direct Co in a research note on Thursday, July 10th. They now have a $89.00 price target on the stock, down previously from $90.00. Finally, analysts at Robert W. Baird reiterated a “neutral” rating on shares of MSC Industrial Direct Co in a research note on Thursday, July 10th. They now have a $96.00 price target on the stock, down previously from $98.00. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $95.38.
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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