MSC Industrial Direct (MSM) Director Jacobson Buys $29M of Stock
Key Points
- Mitchell Jacobson, a director at MSC Industrial Direct, bought 250,000 shares at an average price of $115.94, increasing his ownership by about 10.74%.
- After the trade, Mitchell Jacobson holds 2,578,192 $MSM shares, up 10.74% from before the trade.
- As of October 27, 2026, MSC Industrial Direct shares traded around $118.72, which is about 4.3% above the closing price of $113.86 on the day of Jacobson's purchase.
- Analysts have recently upgraded their price targets for MSC Industrial Direct, with Jefferies raising its target to $135 on October 23, 2026.
Since the trade, $MSM is up 4.6% to date (from the $113.86 close on Oct 23, 2026).
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Mitchell Jacobson, a director at MSC Industrial Direct Co., Inc. (NYSE: MSM), bought 250,000 shares on October 23, 2026, for about $28.98 million. The purchase was made at an average price of $115.94 per share, according to a Form 4 filing with the SEC.
Jacobson's stake increased by about 10.74%, bringing his total ownership to approximately 2,578,192 shares. This move reflects his confidence in the company's direction amid recent analyst upgrades.
MSM
MSC Industrial Direct Co., Inc.
Mitchell Jacobson vs. the S&P 500
Hypothetical returns from Mitchell Jacobson's disclosed trades, not real profit or advice. How we model this.
Other Institutional Activity in MSC Industrial Direct
Several other institutional investors have also taken action with MSC Industrial Direct shares. Fuller & Thaler Asset Management Inc. grew its holdings by 101,781 shares, ending with 1,887,419 shares worth about $223.4 million. Boston Partners added 53,964 shares, totaling 1,714,389 shares valued at approximately $202.9 million. In contrast, American Century Companies Inc. reduced its stake by 869,104 shares, now holding 1,743,956 shares worth about $206.4 million.
MSC Industrial Direct Co., Inc. Stock Holds Steady
As of October 27, 2026, MSC Industrial Direct shares traded around $118.72, which is about 4.3% above the closing price of $113.86 on October 23, the day Jacobson made his purchase. The stock is currently below its 50-day moving average of $123.20 but above its 200-day average of $108.66. It also remains 11.4% below its 52-week high of $133.95, while being 50.7% above its 52-week low of $78.80.
Recent Earnings
MSC Industrial Direct reported trailing twelve-month revenue of approximately $4.01 billion, with an earnings per share (EPS) of $3.98. The company is scheduled to announce its next earnings report on January 6, 2027.
Insider Buying and Selling at MSC Industrial Direct Co., Inc.
In addition to Jacobson's purchase, director Reuben E. Slone bought 433 shares on the same day for around $50,129.15. Earlier in November 2025, Jacobson also bought 22,870 shares at an average price of $84.96, totaling about $1.94 million.
Analysts Set New Price Targets
On October 23, 2026, Jefferies upgraded its rating to Buy with a price target of $135, up from $130. Keybanc also maintained an Overweight rating with a target of $140, while Stephens & Co. raised its target to $135. Barclays had previously set a target of $159 on October 26, 2026.
About MSC Industrial Direct
MSC Industrial Direct Co., Inc. specializes in distributing metalworking and maintenance, repair, and operations (MRO) products and services across the U.S. and internationally. The company operates in the industrial distribution sector and serves various industries.
Bottom Line
Investors should watch for MSC Industrial Direct's upcoming earnings report on January 6, 2027, and keep an eye on any further insider trades or institutional activity that could influence the stock's performance. Jacobson's recent purchase highlights continued insider confidence in the company amid positive analyst sentiment.
Related Filing Alerts
Source: Mitchell Jacobson's Form 4 filing on $MSM (Oct 23, 2026). Written by software, not financial advice. How we make alerts