Today, the SVP, GC and Corp. Secy. of MSC Industrial, Steve Armstrong, exercised options of MSC Industrial (NYSE: MSM) for $630.9K.
In addition to Steve Armstrong, 2 other MSM executives reported Sell trades in the last month. Following Steve Armstrong’s last MSM Sell transaction on January 23, 2018, the stock climbed by 0.7%.
See today’s analyst top recommended stocks >>
Based on MSC Industrial’s latest earnings report for the quarter ending February 28, the company posted quarterly revenue of $769 million and quarterly net profit of $117 million. In comparison, last year the company earned revenue of $704 million and had a net profit of $53.44 million. MSM’s market cap is $5.36B and the company has a P/E ratio of 18.00. Currently, MSC Industrial has an average volume of 573.5K.
Based on 7 analyst ratings, the analyst consensus is Hold with an average price target of $102.43, reflecting a -9.4% downside. Three different firms, including Credit Suisse and Deutsche Bank, currently also have a Sell rating on the stock.
The insider sentiment on MSC Industrial has been negative according to 85 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Company insider trades’ information is brought to you by the DailyInsider, a proprietary algorithm that analyzes insider trading activity to detect the most attractive trading opportunities. To subscribe to the DailyInsider visit this page.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
MSC Industrial Direct Co., Inc. engages in the distribution of metalworking, and maintenance, repair, and operations (MRO) products and services to manufacturing companies. Its products include cutting tools, measuring instruments, tooling components, metalworking, 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. The company was founded by Sidney Jacobson in 1941 and is headquartered in Melville, NY.
