MSC Industrial Direct Co Inc (NYSE:MSM) CFO Rustom Jilla sold 19,522 shares of the firm’s stock in a transaction that occurred on Thursday, January 9th. The shares were sold at an average price of $75.84, for a total value of $1,480,548.48. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Rustom Jilla also recently made the following trade(s):

  • On Monday, November 4th, Rustom Jilla sold 7,907 shares of MSC Industrial Direct stock. The shares were sold at an average price of $75.51, for a total value of $597,057.57.
  • On Friday, November 1st, Rustom Jilla sold 1,900 shares of MSC Industrial Direct stock. The shares were sold at an average price of $75.00, for a total value of $142,500.00.

Shares of MSM traded up $1.01 during mid-day trading on Monday, hitting $76.60. The stock had a trading volume of 16,192 shares, compared to its average volume of 630,641. The company has a market cap of $4.18 billion, a PE ratio of 14.36, a PEG ratio of 1.04 and a beta of 0.94. The company’s fifty day simple moving average is $75.58 and its two-hundred day simple moving average is $72.35. The company has a quick ratio of 1.56, a current ratio of 2.90 and a debt-to-equity ratio of 0.18. MSC Industrial Direct Co Inc has a fifty-two week low of $64.59 and a fifty-two week high of $86.87.

MSC Industrial Direct (NYSE:MSM) last issued its earnings results on Wednesday, January 8th. The industrial products company reported $1.21 EPS for the quarter, topping the consensus estimate of $1.17 by $0.04. The company had revenue of $823.60 million during the quarter, compared to analyst estimates of $820.84 million. MSC Industrial Direct had a return on equity of 19.67% and a net margin of 8.35%. The business’s revenue was down 1.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.33 EPS. Equities analysts expect that MSC Industrial Direct Co Inc will post 4.86 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 22nd will be given a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $3.00 annualized dividend and a dividend yield of 3.92%. MSC Industrial Direct’s payout ratio is 56.71%.

A number of equities research analysts have weighed in on the company. Raymond James lowered MSC Industrial Direct from a “market perform” rating to an “underperform” rating in a research note on Thursday, November 7th. Zacks Investment Research lowered MSC Industrial Direct from a “hold” rating to a “sell” rating in a research note on Friday. ValuEngine upgraded MSC Industrial Direct from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Stephens set a $76.00 price objective on MSC Industrial Direct and gave the company a “hold” rating in a research note on Friday, October 25th. Finally, Buckingham Research lowered their price objective on MSC Industrial Direct from $70.00 to $69.00 and set a “neutral” rating for the company in a research note on Tuesday, October 8th. Three equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $75.56.

Several institutional investors and hedge funds have recently modified their holdings of MSM. Diversified Trust Co purchased a new position in shares of MSC Industrial Direct during the fourth quarter valued at $203,000. Verity & Verity LLC raised its holdings in MSC Industrial Direct by 3.2% in the 4th quarter. Verity & Verity LLC now owns 39,086 shares of the industrial products company’s stock valued at $3,067,000 after buying an additional 1,230 shares during the period. Maverick Capital Ltd. purchased a new stake in MSC Industrial Direct in the 3rd quarter valued at about $1,065,000. Millennium Management LLC raised its holdings in MSC Industrial Direct by 13.7% in the 3rd quarter. Millennium Management LLC now owns 127,602 shares of the industrial products company’s stock valued at $9,254,000 after buying an additional 15,329 shares during the period. Finally, Man Group plc raised its holdings in MSC Industrial Direct by 189.6% in the 3rd quarter. Man Group plc now owns 57,775 shares of the industrial products company’s stock valued at $4,190,000 after buying an additional 37,823 shares during the period. Institutional investors own 76.87% of the company’s stock.

MSC Industrial Direct Company Profile

MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes metalworking and maintenance, repair, and operations (MRO) products in the United States, Canada, and the United Kingdom. The company's MRO products comprise cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock products, raw materials, abrasives, machinery hand and power tools, safety and janitorial supplies, plumbing supplies, materials handling products, power transmission components, and electrical supplies.

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

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