MSC Industrial Direct Co Inc (MSM) Receives $85.83 Average Target Price from Brokerages

Shares of MSC Industrial Direct Co Inc (NYSE:MSM) have been assigned a consensus recommendation of “Hold” from the ten brokerages that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $85.83.

A number of research analysts have issued reports on MSM shares. Buckingham Research boosted 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. Jefferies Financial Group started coverage on MSC Industrial Direct in a research report on Monday, January 7th. They set a “buy” rating and a $92.00 price target for the company. Wells Fargo & Co reduced their price target on MSC Industrial Direct from $85.00 to $80.00 and set a “market perform” rating for the company in a research report on Thursday, April 11th. Stephens lowered MSC Industrial Direct from an “overweight” rating to an “equal weight” rating and set a $92.00 price target for the company. in a research report on Friday, February 8th. Finally, Northcoast Research restated a “buy” rating on shares of MSC Industrial Direct in a report on Thursday, April 11th.

Shares of MSM stock opened at $81.74 on Friday. The company has a quick ratio of 1.18, a current ratio of 2.19 and a debt-to-equity ratio of 0.20. MSC Industrial Direct has a 1 year low of $73.28 and a 1 year high of $95.83. The firm has a market cap of $4.61 billion, a price-to-earnings ratio of 16.09, a price-to-earnings-growth ratio of 1.50 and a beta of 0.85.

MSC Industrial Direct (NYSE:MSM) last announced its quarterly earnings results on Wednesday, April 10th. The industrial products company reported $1.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.26 by ($0.02). MSC Industrial Direct had a return on equity of 21.20% and a net margin of 8.88%. The business had revenue of $823.00 million for the quarter, compared to analyst estimates of $826.98 million. During the same quarter last year, the firm posted $1.34 EPS. Equities analysts expect that MSC Industrial Direct will post 5.58 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th were issued a $0.63 dividend. The ex-dividend date was Monday, April 8th. This represents a $2.52 annualized dividend and a dividend yield of 3.08%. MSC Industrial Direct’s dividend payout ratio (DPR) is 49.61%.

In other news, EVP Douglas E. Jones sold 2,126 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president now owns 7,496 shares in the company, valued at $625,916. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Steven N. Baruch sold 5,404 shares of the company’s stock in a transaction 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. In the last 90 days, insiders sold 20,266 shares of company stock valued at $1,672,643. Insiders own 27.96% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. River Road Asset Management LLC raised its position in shares of MSC Industrial Direct by 7.5% during the first quarter. River Road Asset Management LLC now owns 674,053 shares of the industrial products company’s stock worth $55,751,000 after purchasing an additional 47,172 shares during the period. Texas Permanent School Fund raised its position in shares of MSC Industrial Direct by 3.2% during the first quarter. Texas Permanent School Fund now owns 30,654 shares of the industrial products company’s stock worth $2,535,000 after purchasing an additional 941 shares during the period. Trust Co. of Vermont raised its position in shares of MSC Industrial Direct by 105.4% during the first quarter. Trust Co. of Vermont now owns 1,795 shares of the industrial products company’s stock worth $148,000 after purchasing an additional 921 shares during the period. Rice Hall James & Associates LLC raised its position in shares of MSC Industrial Direct by 2.7% during the first quarter. Rice Hall James & Associates LLC now owns 233,135 shares of the industrial products company’s stock worth $19,283,000 after purchasing an additional 6,195 shares during the period. Finally, Menta Capital LLC acquired a new stake in shares of MSC Industrial Direct during the first quarter worth $1,097,000. Institutional investors and hedge funds own 75.92% of the company’s stock.

About MSC Industrial Direct

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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Analyst Recommendations for MSC Industrial Direct (NYSE:MSM)

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