MSC Industrial Direct Co., Inc. (NYSE:MSM) Receives $101.17 Average PT from Analysts

Shares of MSC Industrial Direct Co., Inc. (NYSE:MSMGet Rating) have been assigned a consensus rating of “Buy” from the eight ratings firms that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $101.17.

A number of equities research analysts have issued reports on MSM shares. Zacks Investment Research upgraded MSC Industrial Direct from a “sell” rating to a “hold” rating and set a $96.00 target price on the stock in a research note on Saturday, April 2nd. Robert W. Baird boosted their target price on shares of MSC Industrial Direct from $103.00 to $105.00 in a research note on Thursday, March 31st. StockNews.com raised MSC Industrial Direct from a “hold” rating to a “buy” rating in a report on Tuesday, May 17th. KeyCorp increased their price objective on MSC Industrial Direct from $91.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, March 31st. Finally, Loop Capital boosted their price target on MSC Industrial Direct from $88.00 to $93.00 in a research report on Thursday, March 31st.

Shares of NYSE:MSM opened at $83.93 on Friday. The company has a market cap of $4.69 billion, a PE ratio of 15.87 and a beta of 1.00. MSC Industrial Direct has a fifty-two week low of $74.20 and a fifty-two week high of $95.95. The firm has a 50-day simple moving average of $83.36 and a 200 day simple moving average of $82.45. The company has a quick ratio of 1.27, a current ratio of 2.37 and a debt-to-equity ratio of 0.47.

MSC Industrial Direct (NYSE:MSMGet Rating) last posted its earnings results on Wednesday, March 30th. The industrial products company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.25 by $0.04. The company had revenue of $862.50 million during the quarter, compared to analyst estimates of $856.03 million. MSC Industrial Direct had a return on equity of 24.70% and a net margin of 8.70%. The business’s revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.03 earnings per share. As a group, research analysts forecast that MSC Industrial Direct will post 6.02 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 26th. Shareholders of record on Tuesday, April 12th were paid a $0.75 dividend. The ex-dividend date of this dividend was Monday, April 11th. This represents a $3.00 annualized dividend and a yield of 3.57%. MSC Industrial Direct’s dividend payout ratio is presently 56.71%.

In other news, EVP Steven N. Baruch sold 8,250 shares of the stock in a transaction dated Tuesday, April 19th. The stock was sold at an average price of $85.73, for a total transaction of $707,272.50. Following the transaction, the executive vice president now owns 12,569 shares of the company’s stock, valued at approximately $1,077,540.37. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Douglas E. Jones sold 31,635 shares of the company’s stock in a transaction on Thursday, March 31st. The stock was sold at an average price of $86.00, for a total transaction of $2,720,610.00. The disclosure for this sale can be found here. Insiders have sold a total of 42,325 shares of company stock valued at $3,629,109 in the last three months. Company insiders own 28.28% of the company’s stock.

Several large investors have recently made changes to their positions in MSM. Ellevest Inc. increased its stake in MSC Industrial Direct by 588.2% in the first quarter. Ellevest Inc. now owns 351 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 300 shares during the period. Huntington National Bank increased its holdings in MSC Industrial Direct by 401.3% during the 4th quarter. Huntington National Bank now owns 376 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 301 shares in the last quarter. Moors & Cabot Inc. bought a new position in shares of MSC Industrial Direct in the third quarter valued at about $41,000. Pinebridge Investments L.P. bought a new stake in shares of MSC Industrial Direct during the fourth quarter valued at approximately $42,000. Finally, MFA Wealth Advisors LLC acquired a new position in shares of MSC Industrial Direct during the third quarter valued at $59,000. 76.92% of the stock is currently owned by institutional investors.

About MSC Industrial Direct (Get Rating)

MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes metalworking and maintenance, repair, and operations (MRO) products and services in the United States, Canada, Mexico, and the United Kingdom. Its MRO products include 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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Analyst Recommendations for MSC Industrial Direct (NYSE:MSM)

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