Mitchell Jacobson, MSC Industrial Direct Co., Inc. (MSM)’s insider Unloaded 362,753 Shares; Omnova Solutions Has 1.11 Sentiment

January 24, 2018 - By Shannon Black

Msc Industrial Direct Co Inc’s director Mitchell Jacobson sold 362,753 shares of the stock exchange listed company in a trade dated January 23, 2018. These transaction’s shares were sold at an average cost of $94.1, for a total sell of $34,129,982. In the last 30 days, he also sold 64,040 shares valued at $6,135,806 USD.

OMNOVA Solutions Inc. provides emulsion polymers, specialty chemicals, and engineered surfaces for various commercial, industrial, and residential end uses in the United States, Europe, and Asia. The company has market cap of $471.11 million. The firm operates in two divisions, Performance Chemicals and Engineered Surfaces. It currently has negative earnings. The Performance Chemicals segment produces a range of latices, hollow plastic pigments, resins, binders, adhesives, specialty rubbers, antioxidants, and elastomeric modifiers, which are used in gas and oil drilling and production, specialty coatings, paper and packaging, carpet, nonwovens, construction, adhesives, tape, tires, floor care, textiles, graphic arts, polymer stabilization, industrial rubbers and thermoplastics, synthetic gloves, and various other specialty applications.

Analysts await OMNOVA Solutions Inc. (NYSE:OMN) to report earnings on February, 7. They expect $0.16 EPS, up 14.29% or $0.02 from last year’s $0.14 per share. OMN’s profit will be $7.18 million for 16.41 P/E if the $0.16 EPS becomes a reality. After $0.25 actual EPS reported by OMNOVA Solutions Inc. for the previous quarter, Wall Street now forecasts -36.00% negative EPS growth.

Robotti Robert holds 3.09% of its portfolio in OMNOVA Solutions Inc. for 1.03 million shares. Winslow Asset Management Inc owns 1.10 million shares or 2.33% of their US portfolio. Moreover, Weber Alan W has 2.27% invested in the company for 441,900 shares. The Illinois-based Perritt Capital Management Inc has invested 1.39% in the stock. Piermont Capital Management Inc., a Missouri-based fund reported 174,830 shares.

The stock increased 0.96% or $0.1 during the last trading session, reaching $10.5. About 69,209 shares traded. OMNOVA Solutions Inc. (OMN) has risen 33.59% since January 24, 2017 and is uptrending. It has outperformed by 16.89% the S&P500.

Among 18 analysts covering MSC Industrial Direct Co. (NYSE:MSM), 6 have Buy rating, 1 Sell and 11 Hold. Therefore 33% are positive. MSC Industrial Direct Co. has $114.0 highest and $55 lowest target. $92.25’s average target is -2.70% below currents $94.81 stock price. MSC Industrial Direct Co. had 59 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Monday, September 25 by Susquehanna. The firm has “Market Perform” rating by BMO Capital Markets given on Wednesday, November 1. The company was downgraded on Friday, June 17 by Credit Suisse. Stifel Nicolaus maintained the stock with “Hold” rating in Thursday, July 13 report. Credit Suisse upgraded the stock to “Outperform” rating in Wednesday, April 19 report. The firm has “Buy” rating by Northcoast given on Friday, December 15. Raymond James downgraded MSC Industrial Direct Co., Inc. (NYSE:MSM) on Monday, December 5 to “Mkt Perform” rating. Stifel Nicolaus maintained the stock with “Hold” rating in Monday, June 12 report. The stock has “Buy” rating by Gabelli on Monday, January 18. Gabelli downgraded MSC Industrial Direct Co., Inc. (NYSE:MSM) rating on Thursday, December 8. Gabelli has “Hold” rating and $105 target.

MSC Industrial Direct Co., Inc., together with its subsidiaries, distributes various ranges of metalworking and maintenance, repair, and activities products primarily in the United States, Canada, and the United Kingdom. The company has market cap of $5.35 billion. The company??s MRO products comprise cutting tools, measuring instruments, tooling components, metalworking products, 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. It has a 22.9 P/E ratio. It offers approximately 1,565,000 stock-keeping units through its catalogs; brochures; eCommerce channels, including its Website,; and call-centers and branches.

The stock increased 0.86% or $0.81 during the last trading session, reaching $94.81. About 756,557 shares traded or 26.73% up from the average. MSC Industrial Direct Co., Inc. (NYSE:MSM) has risen 18.92% since January 24, 2017 and is uptrending. It has outperformed by 2.22% the S&P500.

Investors sentiment decreased to 1.31 in 2017 Q3. Its down 0.02, from 1.33 in 2017Q2. It turned negative, as 39 investors sold MSC Industrial Direct Co., Inc. shares while 75 reduced holdings. 49 funds opened positions while 100 raised stakes. 41.32 million shares or 3.65% less from 42.88 million shares in 2017Q2 were reported. Goldman Sachs Gru Inc holds 413,185 shares. Jennison Assoc Llc reported 313,657 shares or 0.02% of all its holdings. State Of Wisconsin Inv Board accumulated 8,965 shares or 0% of the stock. First Quadrant Ltd Partnership Ca has invested 0% in MSC Industrial Direct Co., Inc. (NYSE:MSM). Grandeur Peak Global Advisors Lc reported 1.7% in MSC Industrial Direct Co., Inc. (NYSE:MSM). Wells Fargo And Mn invested 0% in MSC Industrial Direct Co., Inc. (NYSE:MSM). Winslow Evans Crocker reported 20 shares. The Delaware-based Ashmore Wealth Mgmt Limited Liability Company has invested 1.23% in MSC Industrial Direct Co., Inc. (NYSE:MSM). Winfield Associates Inc reported 5 shares. Millennium Mgmt Ltd Liability Com invested in 0.03% or 233,351 shares. Guggenheim Ltd Limited Liability Company invested in 89,886 shares or 0.02% of the stock. Federated Inc Pa reported 0% in MSC Industrial Direct Co., Inc. (NYSE:MSM). 311,600 are held by Schwartz Inv Counsel Inc. Suntrust Banks reported 2,741 shares. The New York-based Jane Street Limited Liability Corp has invested 0% in MSC Industrial Direct Co., Inc. (NYSE:MSM).

Since November 10, 2017, it had 0 insider buys, and 5 insider sales for $12.13 million activity. Davanzo Christopher sold 12,046 shares worth $1.13 million. Bonomo Charles also sold $165,942 worth of MSC Industrial Direct Co., Inc. (NYSE:MSM) shares. On Thursday, January 11 the insider JACOBSON MITCHELL sold $6.14M. The insider Armstrong Steve sold 19,162 shares worth $1.82 million. GERSHWIND ERIK sold 30,240 shares worth $2.88M.