Christopher Davanzo Sells 3,881 Shares of MSC Industrial Direct Co. (MSM) Stock
MSC Industrial Direct Co. (NYSE:MSM) SVP Christopher Davanzo sold 3,881 shares of the business’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $87.00, for a total value of $337,647.00. Following the completion of the sale, the senior vice president now owns 10,386 shares in the company, valued at $903,582. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Christopher Davanzo also recently made the following trade(s):
- On Tuesday, November 15th, Christopher Davanzo sold 3,000 shares of MSC Industrial Direct stock. The shares were sold at an average price of $83.50, for a total value of $250,500.00.
Shares of MSC Industrial Direct Co. (NYSE:MSM) opened at 88.54 on Friday. MSC Industrial Direct Co. has a 52 week low of $54.19 and a 52 week high of $88.60. The stock has a market capitalization of $5.01 billion, a P/E ratio of 23.48 and a beta of 0.45. The company has a 50-day moving average of $76.32 and a 200-day moving average of $73.78.
MSC Industrial Direct (NYSE:MSM) last released its quarterly earnings results on Tuesday, November 1st. The company reported $1.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.04. The business earned $745.10 million during the quarter, compared to the consensus estimate of $736.53 million. MSC Industrial Direct had a return on equity of 17.62% and a net margin of 8.07%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.96 EPS. On average, analysts anticipate that MSC Industrial Direct Co. will post $3.87 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 29th. Shareholders of record on Tuesday, November 15th will be paid a dividend of $0.45 per share. This is an increase from MSC Industrial Direct’s previous quarterly dividend of $0.43. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend is Friday, November 11th. MSC Industrial Direct’s payout ratio is currently 47.87%.
A number of equities research analysts recently issued reports on the company. Wells Fargo & Co. restated a “hold” rating on shares of MSC Industrial Direct in a research note on Sunday, September 4th. Credit Suisse Group AG began coverage on MSC Industrial Direct in a research note on Friday, August 19th. They issued an “underperform” rating and a $65.00 price objective on the stock. Stephens upgraded MSC Industrial Direct from an “equal weight” rating to an “overweight” rating and set a $102.00 price target on the stock in a research report on Monday. Macquarie started coverage on shares of MSC Industrial Direct in a report on Thursday, August 25th. They issued a “neutral” rating and a $80.00 price target on the stock. Finally, Zacks Investment Research raised shares of MSC Industrial Direct from a “sell” rating to a “hold” rating in a report on Tuesday, October 4th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. MSC Industrial Direct has a consensus rating of “Hold” and a consensus price target of $79.11.
Several large investors have recently added to or reduced their stakes in the stock. Catalyst Capital Advisors LLC purchased a new stake in MSC Industrial Direct during the third quarter worth about $103,000. Evercore Wealth Management LLC increased its stake in MSC Industrial Direct by 6.1% in the second quarter. Evercore Wealth Management LLC now owns 1,433 shares of the company’s stock worth $101,000 after buying an additional 83 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in MSC Industrial Direct during the second quarter worth about $103,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in MSC Industrial Direct by 12.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,608 shares of the company’s stock worth $118,000 after buying an additional 174 shares in the last quarter. Finally, Riverhead Capital Management LLC increased its stake in MSC Industrial Direct by 130.9% in the third quarter. Riverhead Capital Management LLC now owns 1,930 shares of the company’s stock worth $142,000 after buying an additional 1,094 shares in the last quarter. Institutional investors and hedge funds own 83.71% of the company’s stock.
MSC Industrial Direct Company Profile
MSC Industrial Direct Co, Inc (MSC) is direct marketers and distributors of a range of metalworking and maintenance, repair and operations (MRO) products to customers throughout the United States. The Company operates primarily in the United States, with customers in all 50 states, through a network of five customer fulfillment centers (four customer fulfillment centers are located within the United States and one is located in the United Kingdom and 106 branch offices (104 branches are located within the United States, one is located in the United Kingdom and the other is located in Mexico).
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