Brokerages Set MSC Industrial Direct Company, Inc. (NYSE:MSM) Target Price at $90.91
Shares of MSC Industrial Direct Company, Inc. (NYSE:MSM) have been assigned an average recommendation of “Hold” from the seventeen brokerages that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $90.91.
MSM has been the topic of a number of analyst reports. Credit Suisse Group AG upgraded shares of MSC Industrial Direct from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $92.00 to $100.00 in a research note on Wednesday, April 19th. Raymond James Financial, Inc. upgraded shares of MSC Industrial Direct from a “market perform” rating to a “buy” rating and set a $103.00 price objective on the stock in a research note on Wednesday, April 19th. KeyCorp reiterated a “sector weight” rating on shares of MSC Industrial Direct in a research note on Tuesday, April 4th. Zacks Investment Research upgraded shares of MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $108.00 price target on the stock in a research note on Saturday, April 8th. Finally, J P Morgan Chase & Co started coverage on shares of MSC Industrial Direct in a research note on Friday, June 2nd. They issued an “overweight” rating and a $91.00 price target on the stock.
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In other news, Director Philip Peller purchased 1,000 shares of the stock in a transaction on Wednesday, July 19th. The stock was purchased at an average price of $72.00 per share, for a total transaction of $72,000.00. Following the acquisition, the director now owns 2,422 shares in the company, valued at $174,384. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 31.28% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Morgan Dempsey Capital Management LLC raised its stake in MSC Industrial Direct by 3.5% in the first quarter. Morgan Dempsey Capital Management LLC now owns 1,093 shares of the industrial products company’s stock valued at $112,000 after buying an additional 37 shares in the last quarter. Simplex Trading LLC bought a new stake in MSC Industrial Direct during the first quarter valued at $139,000. PNC Financial Services Group Inc. raised its stake in MSC Industrial Direct by 5.9% in the first quarter. PNC Financial Services Group Inc. now owns 1,569 shares of the industrial products company’s stock valued at $161,000 after buying an additional 88 shares in the last quarter. Invictus RG raised its stake in MSC Industrial Direct by 796.7% in the first quarter. Invictus RG now owns 1,623 shares of the industrial products company’s stock valued at $167,000 after buying an additional 1,442 shares in the last quarter. Finally, Parametrica Management Ltd bought a new stake in MSC Industrial Direct during the first quarter valued at $205,000. Institutional investors own 77.56% of the company’s stock.
MSC Industrial Direct (NYSE:MSM) traded down 0.73% during trading on Monday, reaching $70.80. 720,387 shares of the company’s stock were exchanged. MSC Industrial Direct has a 52-week low of $69.96 and a 52-week high of $105.70. The stock’s 50 day moving average price is $82.84 and its 200 day moving average price is $93.22. The firm has a market cap of $4.03 billion, a P/E ratio of 17.66 and a beta of 0.54.
MSC Industrial Direct (NYSE:MSM) last announced its quarterly earnings data on Wednesday, July 12th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.09. The firm had revenue of $743.90 million for the quarter, compared to the consensus estimate of $744.49 million. MSC Industrial Direct had a net margin of 8.07% and a return on equity of 20.05%. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.05 earnings per share. Equities research analysts anticipate that MSC Industrial Direct will post $3.98 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 1st. Shareholders of record on Tuesday, July 18th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, July 14th. This represents a $1.80 annualized dividend and a yield of 2.54%. MSC Industrial Direct’s payout ratio is 45.11%.
MSC Industrial Direct Company Profile
MSC Industrial Direct Co, Inc is a North American distributor of metalworking and maintenance, repair and operations (MRO) products and services. The Company’s range of MRO products include cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock, 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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