The SVP, Finance and Controller of MSC Industrial is Exercising Options

By Carrie Williams

Today, the SVP, Finance and Controller of MSC Industrial, Christopher Davanzo, exercised options of MSC Industrial for $1.13M.

Based on MSC Industrial’s latest earnings report for the quarter ending November 30, the company posted quarterly revenue of $769 million and quarterly net profit of $59.48 million. In comparison, last year the company earned revenue of $686 million and had a net profit of $53.91 million. The company has a one-year high of $105.70 and a one-year low of $65.42. MSM’s market cap is $5.37B and the company has a P/E ratio of 22.98.

Based on 9 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $102.38, reflecting a -7.5% 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 77 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Christopher Davanzo’s trades have generated a -4.2% 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.