What Did This CEO Just Do with Personal Shares of MSC Industrial (MSM)?


Today, the President & CEO of MSC Industrial (NYSE: MSM), Erik Gershwind, sold shares of MSM for $2.84M.

In addition to Erik Gershwind, one other MSM executive reported Sell trades in the last month.

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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 $5.35B and the company has a P/E ratio of 17.99. Currently, MSC Industrial has an average volume of 248.3K.

Based on 7 analyst ratings, the analyst consensus is Hold with an average price target of $102.43, reflecting a -7.8% 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 84 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Erik Gershwind’s trades have generated a -2.5% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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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.

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