Shares of MSC Industrial Direct Co Inc (NYSE:MSM) have been given an average rating of “Hold” by the eleven ratings firms that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $85.83.
A number of equities analysts have issued reports on MSM shares. Northcoast Research reiterated a “buy” rating on shares of MSC Industrial Direct in a report on Thursday, April 11th. BMO Capital Markets cut their target price on MSC Industrial Direct from $90.00 to $86.00 and set a “market perform” rating for the company in a research note on Thursday, April 11th. Buckingham Research raised their price target on MSC Industrial Direct from $83.00 to $84.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Zacks Investment Research lowered MSC Industrial Direct from a “hold” rating to a “sell” rating in a research report on Tuesday, March 19th. Finally, William Blair lowered MSC Industrial Direct from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 7th.
Shares of MSC Industrial Direct stock traded down $1.04 during midday trading on Thursday, reaching $72.58. 313,587 shares of the company’s stock traded hands, compared to its average volume of 392,565. The company has a quick ratio of 1.18, a current ratio of 2.19 and a debt-to-equity ratio of 0.20. The company has a market cap of $4.19 billion, a PE ratio of 14.29, a P/E/G ratio of 1.37 and a beta of 0.85. MSC Industrial Direct has a 12 month low of $73.12 and a 12 month high of $94.73.
MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings data on Wednesday, April 10th. The industrial products company reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.02). The firm had revenue of $823.00 million during the quarter, compared to the consensus estimate of $826.98 million. MSC Industrial Direct had a return on equity of 21.20% and a net margin of 8.88%. During the same quarter last year, the company posted $1.34 EPS. On average, research analysts anticipate that MSC Industrial Direct will post 5.55 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Monday, April 8th. This represents a $2.52 annualized dividend and a dividend yield of 3.47%. MSC Industrial Direct’s dividend payout ratio is currently 49.61%.
In other MSC Industrial Direct news, EVP Douglas E. Jones sold 2,126 shares of MSC Industrial Direct stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $83.50, for a total value of $177,521.00. Following the sale, the executive vice president now owns 7,496 shares of the company’s stock, valued at approximately $625,916. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Steven N. Baruch sold 5,404 shares of MSC Industrial Direct stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $82.00, for a total value of $443,128.00. The disclosure for this sale can be found here. Company insiders own 27.96% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in MSM. Vanguard Group Inc lifted its stake in MSC Industrial Direct by 1.4% in the 3rd quarter. Vanguard Group Inc now owns 4,542,964 shares of the industrial products company’s stock valued at $400,280,000 after buying an additional 62,473 shares in the last quarter. BlackRock Inc. increased its holdings in shares of MSC Industrial Direct by 1.3% during the 1st quarter. BlackRock Inc. now owns 4,198,017 shares of the industrial products company’s stock worth $347,219,000 after buying an additional 54,560 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of MSC Industrial Direct by 3.0% during the 1st quarter. American Century Companies Inc. now owns 2,670,405 shares of the industrial products company’s stock worth $220,869,000 after buying an additional 77,091 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of MSC Industrial Direct by 1.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,667,322 shares of the industrial products company’s stock worth $235,017,000 after buying an additional 31,846 shares during the last quarter. Finally, ArrowMark Colorado Holdings LLC increased its holdings in shares of MSC Industrial Direct by 8.1% during the 1st quarter. ArrowMark Colorado Holdings LLC now owns 2,264,135 shares of the industrial products company’s stock worth $187,267,000 after buying an additional 168,748 shares during the last quarter. 76.21% of the stock is currently owned by institutional investors.
MSC Industrial Direct Company Profile
MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes metalworking and maintenance, repair, and operations (MRO) products in the United States, Canada, and the United Kingdom. The company's MRO products comprise cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock products, raw materials, abrasives, machinery hand and power tools, safety and janitorial supplies, plumbing supplies, materials handling products, power transmission components, and electrical supplies.
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