MSC Industrial Direct Co., Inc. (NYSE:MSM) SVP Steve Armstrong Sells 23,483 Shares


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MSC Industrial Direct Co., Inc. (NYSE:MSM) SVP Steve Armstrong sold 23,483 shares of the company’s stock in a transaction on Wednesday, April 21st. The stock was sold at an average price of $90.10, for a total value of $2,115,818.30. Following the sale, the senior vice president now owns 13,180 shares of the company’s stock, valued at approximately $1,187,518. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Steve Armstrong also recently made the following trade(s):

  • On Friday, April 9th, Steve Armstrong sold 18,223 shares of MSC Industrial Direct stock. The stock was sold at an average price of $90.03, for a total value of $1,640,616.69.
  • On Monday, February 8th, Steve Armstrong sold 3,595 shares of MSC Industrial Direct stock. The shares were sold at an average price of $86.52, for a total value of $311,039.40.

MSM traded down $1.35 on Thursday, hitting $88.84. 222,365 shares of the company were exchanged, compared to its average volume of 456,960. The firm has a fifty day simple moving average of $88.94 and a two-hundred day simple moving average of $82.49. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.22 and a current ratio of 2.23. MSC Industrial Direct Co., Inc. has a 12 month low of $56.29 and a 12 month high of $93.92. The stock has a market capitalization of $4.97 billion, a PE ratio of 22.04 and a beta of 0.99.

MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings results on Tuesday, April 6th. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.01. MSC Industrial Direct had a return on equity of 20.42% and a net margin of 7.14%. The business had revenue of $774.00 million for the quarter, compared to analyst estimates of $778.77 million. During the same period last year, the company earned $1.00 EPS. MSC Industrial Direct’s revenue for the quarter was down 1.5% compared to the same quarter last year. On average, equities analysts expect that MSC Industrial Direct Co., Inc. will post 4.65 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 27th. Investors of record on Tuesday, April 13th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Monday, April 12th. This represents a $3.00 annualized dividend and a yield of 3.38%. MSC Industrial Direct’s payout ratio is 63.29%.

A number of research analysts have recently commented on MSM shares. TheStreet cut MSC Industrial Direct from a “b” rating to a “c+” rating in a research report on Wednesday, April 7th. William Blair raised MSC Industrial Direct from a “market perform” rating to an “outperform” rating in a research report on Tuesday, April 13th. Wells Fargo & Company raised MSC Industrial Direct from an “equal weight” rating to an “overweight” rating and set a $105.00 price target on the stock in a research report on Wednesday, April 14th. Deutsche Bank Aktiengesellschaft upped their price target on MSC Industrial Direct from $89.00 to $94.00 and gave the company a “hold” rating in a research report on Tuesday, April 13th. Finally, Zacks Investment Research cut MSC Industrial Direct from a “hold” rating to a “sell” rating in a report on Wednesday, April 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. MSC Industrial Direct has an average rating of “Hold” and a consensus price target of $88.33.

Hedge funds have recently modified their holdings of the company. Fieldpoint Private Securities LLC bought a new stake in shares of MSC Industrial Direct in the 4th quarter worth approximately $40,000. JJJ Advisors Inc. grew its position in shares of MSC Industrial Direct by 418.7% in the 4th quarter. JJJ Advisors Inc. now owns 555 shares of the industrial products company’s stock worth $47,000 after buying an additional 448 shares during the last quarter. Van ECK Associates Corp grew its position in shares of MSC Industrial Direct by 29.9% in the 3rd quarter. Van ECK Associates Corp now owns 817 shares of the industrial products company’s stock worth $52,000 after buying an additional 188 shares during the last quarter. GPS Wealth Strategies Group LLC bought a new stake in shares of MSC Industrial Direct in the 1st quarter worth approximately $61,000. Finally, AJO LP purchased a new position in shares of MSC Industrial Direct in the 4th quarter valued at approximately $197,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

About MSC Industrial Direct

MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes metalworking and maintenance, repair, and operations (MRO) products in the United States, Canada, Mexico, and the United Kingdom. Its MRO products include 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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