The EVP, Chief Supply Chain of MSC Industrial (NYSE: MSM) is Selling Shares

By Carrie Williams

Today, the EVP, Chief Supply Chain of MSC Industrial (NYSE: MSM), Douglas E. Jones, sold shares of MSM for $329.8K.

In addition to Douglas E. Jones, 15 other MSM executives reported Sell trades in the last month. Following Douglas E. Jones’ last MSM Sell transaction on October 25, 2016, the stock climbed by 1.4%.

The company has a one year high of $78.35 and a one year low of $54.19. MSM’s market cap is $4.42B and the company has a P/E ratio of 19.43. Currently, MSC Industrial has an average volume of 157K.

Three different firms, including Barclays and Credit Suisse, currently also have a Sell rating on the stock. Based on 4 analyst ratings, the analyst consensus is Hold with an average price target of $75.00, reflecting a -3.9% downside.

In the last 30 days, insiders have sold $626.7K worth of MSM shares and purchased $87.1K worth of MSM shares. The insider sentiment on MSC Industrial has been positive according to 49 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

MSC Industrial Direct Co., Inc. markets and distributes metalworking and maintenance, repair and operations products to customers throughout the U.S. The company serves primarily domestic markets through its distribution network of customer fulfillment centers. 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.