Mitchell Jacobson Sells 362,753 Shares of MSC Industrial Direct Co Inc (MSM) Stock

MSC Industrial Direct Co Inc (NYSE:MSM) Director Mitchell Jacobson sold 362,753 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $94.09, for a total transaction of $34,131,429.77. Following the sale, the director now directly owns 90,000 shares of the company’s stock, valued at approximately $8,468,100. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Mitchell Jacobson also recently made the following trade(s):

  • On Friday, January 19th, Mitchell Jacobson sold 87,803 shares of MSC Industrial Direct stock. The shares were sold at an average price of $94.31, for a total transaction of $8,280,700.93.
  • On Friday, January 12th, Mitchell Jacobson sold 64,040 shares of MSC Industrial Direct stock. The shares were sold at an average price of $95.81, for a total transaction of $6,135,672.40.
  • On Thursday, November 16th, Mitchell Jacobson sold 30,803 shares of MSC Industrial Direct stock. The shares were sold at an average price of $80.64, for a total transaction of $2,483,953.92.
  • On Monday, November 20th, Mitchell Jacobson sold 104,101 shares of MSC Industrial Direct stock. The shares were sold at an average price of $80.91, for a total value of $8,422,811.91.
  • On Tuesday, November 14th, Mitchell Jacobson sold 26,306 shares of MSC Industrial Direct stock. The shares were sold at an average price of $79.40, for a total value of $2,088,696.40.
  • On Friday, November 10th, Mitchell Jacobson sold 11,121 shares of MSC Industrial Direct stock. The shares were sold at an average price of $80.79, for a total value of $898,465.59.
  • On Monday, November 6th, Mitchell Jacobson sold 13,582 shares of MSC Industrial Direct stock. The stock was sold at an average price of $81.91, for a total value of $1,112,501.62.
  • On Thursday, November 2nd, Mitchell Jacobson sold 33,866 shares of MSC Industrial Direct stock. The stock was sold at an average price of $82.39, for a total value of $2,790,219.74.

MSC Industrial Direct Co Inc (NYSE MSM) traded up $0.30 during trading hours on Thursday, reaching $88.88. The company had a trading volume of 105,019 shares, compared to its average volume of 907,364. The company has a market cap of $5,003.69, a P/E ratio of 21.41, a price-to-earnings-growth ratio of 1.29 and a beta of 0.59. MSC Industrial Direct Co Inc has a one year low of $65.42 and a one year high of $105.70. The company has a quick ratio of 1.04, a current ratio of 1.92 and a debt-to-equity ratio of 0.16.

MSC Industrial Direct (NYSE:MSM) last released its earnings results on Wednesday, January 10th. The industrial products company reported $1.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.06 by ($0.01). MSC Industrial Direct had a return on equity of 19.37% and a net margin of 7.97%. The firm had revenue of $768.60 million during the quarter, compared to the consensus estimate of $770.95 million. During the same quarter in the previous year, the firm earned $0.95 EPS. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. research analysts anticipate that MSC Industrial Direct Co Inc will post 5.06 EPS for the current fiscal year.

MSC Industrial Direct announced that its Board of Directors has authorized a stock buyback plan on Wednesday, January 10th that authorizes the company to repurchase 2,000,000 shares. This repurchase authorization authorizes the industrial products company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 30th. Shareholders of record on Tuesday, January 16th were given a $0.58 dividend. The ex-dividend date of this dividend was Friday, January 12th. This represents a $2.32 annualized dividend and a yield of 2.61%. This is an increase from MSC Industrial Direct’s previous quarterly dividend of $0.48. MSC Industrial Direct’s payout ratio is presently 56.04%.

MSM has been the topic of a number of recent analyst reports. TheStreet upgraded MSC Industrial Direct from a “c+” rating to a “b-” rating in a research note on Tuesday, November 28th. Credit Suisse Group set a $100.00 price objective on MSC Industrial Direct and gave the stock a “buy” rating in a report on Monday, December 4th. Zacks Investment Research raised MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $108.00 price objective for the company in a report on Wednesday, January 3rd. Northcoast Research raised MSC Industrial Direct from a “neutral” rating to a “buy” rating in a report on Friday, December 15th. Finally, Stephens set a $114.00 price objective on MSC Industrial Direct and gave the stock a “buy” rating in a report on Wednesday, January 10th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $95.92.

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its position in MSC Industrial Direct by 0.6% in the fourth quarter. BlackRock Inc. now owns 3,689,473 shares of the industrial products company’s stock valued at $356,624,000 after purchasing an additional 22,023 shares during the last quarter. JPMorgan Chase & Co. lifted its position in MSC Industrial Direct by 5.1% in the third quarter. JPMorgan Chase & Co. now owns 3,284,345 shares of the industrial products company’s stock valued at $246,031,000 after purchasing an additional 159,772 shares during the last quarter. American Century Companies Inc. lifted its position in MSC Industrial Direct by 1,889.6% in the third quarter. American Century Companies Inc. now owns 2,099,225 shares of the industrial products company’s stock valued at $158,638,000 after purchasing an additional 1,993,717 shares during the last quarter. ArrowMark Colorado Holdings LLC lifted its position in MSC Industrial Direct by 13.5% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 1,798,812 shares of the industrial products company’s stock valued at $173,873,000 after purchasing an additional 213,957 shares during the last quarter. Finally, State Street Corp lifted its position in MSC Industrial Direct by 1.6% in the second quarter. State Street Corp now owns 1,222,773 shares of the industrial products company’s stock valued at $105,113,000 after purchasing an additional 19,302 shares during the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.

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About MSC Industrial Direct

MSC Industrial Direct Co, Inc is a North American distributor of metalworking and maintenance, repair and operations (MRO) products and services. The Company’s range of MRO products include cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock, raw materials, abrasives, machinery hand and power tools, safety and janitorial supplies, plumbing supplies, materials handling products, power transmission components and electrical supplies.

Insider Buying and Selling by Quarter for MSC Industrial Direct (NYSE:MSM)

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