MSC Industrial Direct Co Inc (NYSE:MSM) has been assigned an average recommendation of “Hold” from the twelve brokerages that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $78.89.
MSM has been the subject of a number of research analyst reports. Stephens set a $82.00 price objective on shares of MSC Industrial Direct and gave the stock a “hold” rating in a report on Monday, July 8th. William Blair downgraded shares of MSC Industrial Direct from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 7th. Zacks Investment Research downgraded shares of MSC Industrial Direct from a “hold” rating to a “sell” rating in a research note on Friday, July 5th. Wells Fargo & Co set a $70.00 target price on shares of MSC Industrial Direct and gave the stock a “market perform” rating in a research note on Thursday, July 11th. Finally, Gordon Haskett downgraded shares of MSC Industrial Direct from a “buy” rating to a “hold” rating and set a $72.02 target price on the stock. in a research note on Monday, June 10th.
Several institutional investors have recently added to or reduced their stakes in the company. Investors Research Corp purchased a new position in MSC Industrial Direct during the 1st quarter valued at about $25,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of MSC Industrial Direct during the second quarter valued at $53,000. Quadrant Capital Group LLC lifted its holdings in shares of MSC Industrial Direct by 1,212.1% during the first quarter. Quadrant Capital Group LLC now owns 761 shares of the industrial products company’s stock valued at $60,000 after purchasing an additional 703 shares during the last quarter. NumerixS Investment Technologies Inc lifted its holdings in shares of MSC Industrial Direct by 71.4% during the first quarter. NumerixS Investment Technologies Inc now owns 1,200 shares of the industrial products company’s stock valued at $98,000 after purchasing an additional 500 shares during the last quarter. Finally, ETF Managers Group LLC lifted its holdings in shares of MSC Industrial Direct by 9.8% during the first quarter. ETF Managers Group LLC now owns 1,592 shares of the industrial products company’s stock valued at $132,000 after purchasing an additional 142 shares during the last quarter. Hedge funds and other institutional investors own 76.42% of the company’s stock.
MSC Industrial Direct (NYSE:MSM) last announced its quarterly earnings results on Wednesday, July 10th. The industrial products company reported $1.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.50 by ($0.05). MSC Industrial Direct had a net margin of 8.79% and a return on equity of 21.08%. The business had revenue of $866.50 million during the quarter, compared to the consensus estimate of $881.62 million. During the same period in the previous year, the business posted $1.39 EPS. MSC Industrial Direct’s revenue was up 4.6% compared to the same quarter last year. On average, equities research analysts anticipate that MSC Industrial Direct will post 5.28 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 6th. Shareholders of record on Tuesday, July 23rd will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Monday, July 22nd. This represents a $3.00 annualized dividend and a yield of 4.43%. This is a positive change from MSC Industrial Direct’s previous quarterly dividend of $0.63. MSC Industrial Direct’s dividend payout ratio (DPR) is 59.06%.
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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