Stephens set a $82.00 price objective on MSC Industrial Direct (NYSE:MSM) in a research report released on Monday, Stock Target Advisor reports. The firm currently has a hold rating on the industrial products company’s stock.
MSM has been the topic of several other research reports. Northcoast Research restated a buy rating on shares of MSC Industrial Direct in a research note on Thursday, April 11th. Robert W. Baird boosted their target price on Atlassian from $110.00 to $120.00 and gave the company an outperform rating in a research note on Thursday, April 11th. ValuEngine upgraded VESTAS WIND SYS/ADR from a hold rating to a buy rating in a research note on Thursday, May 9th. Wells Fargo & Co cut their target price on MSC Industrial Direct from $85.00 to $80.00 and set a market perform rating on the stock in a research note on Thursday, April 11th. Finally, Buckingham Research set a $77.00 target price on MSC Industrial Direct and gave the company a hold rating in a research note on Monday, July 1st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $82.80.
NYSE MSM opened at $71.08 on Monday. The company has a market cap of $4.02 billion, a PE ratio of 13.99, a price-to-earnings-growth ratio of 1.33 and a beta of 0.95. The company has a 50 day moving average price of $72.40. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.19 and a quick ratio of 1.18. MSC Industrial Direct has a 52 week low of $67.25 and a 52 week high of $90.25.
MSC Industrial Direct (NYSE:MSM) last released its earnings results on Wednesday, July 10th. The industrial products company reported $1.45 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.50 by ($0.05). The firm had revenue of $866.50 million during the quarter, compared to the consensus estimate of $881.62 million. MSC Industrial Direct had a net margin of 8.88% and a return on equity of 21.20%. The company’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.39 EPS. Sell-side analysts forecast that MSC Industrial Direct will post 5.54 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 6th. Stockholders of record on Tuesday, July 23rd will be paid a dividend of $0.75 per share. The ex-dividend date is Monday, July 22nd. This represents a $3.00 dividend on an annualized basis and a dividend yield of 4.22%. This is a boost from MSC Industrial Direct’s previous quarterly dividend of $0.63. MSC Industrial Direct’s dividend payout ratio is currently 49.61%.
In other news, EVP Douglas E. Jones sold 2,126 shares of the company’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $83.50, for a total transaction of $177,521.00. Following the sale, the executive vice president now owns 7,496 shares in the company, valued at approximately $625,916. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Steven N. Baruch sold 5,404 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was 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. Corporate insiders own 27.96% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc raised its holdings 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 acquiring an additional 62,473 shares during the last quarter. LPL Financial LLC raised its holdings in MSC Industrial Direct by 2.0% in the 4th quarter. LPL Financial LLC now owns 6,381 shares of the industrial products company’s stock valued at $491,000 after acquiring an additional 128 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in MSC Industrial Direct by 25.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,151 shares of the industrial products company’s stock valued at $89,000 after acquiring an additional 231 shares during the last quarter. BlackRock Inc. raised its holdings in MSC Industrial Direct by 2.5% in the 4th quarter. BlackRock Inc. now owns 4,143,457 shares of the industrial products company’s stock valued at $318,714,000 after acquiring an additional 102,612 shares during the last quarter. Finally, Martingale Asset Management L P acquired a new stake in MSC Industrial Direct in the 4th quarter valued at about $736,000. Institutional investors own 76.11% of the company’s stock.
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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