Stifel Nicolaus restated their hold rating on shares of MSC Industrial Direct (NYSE:MSM) in a research report sent to investors on Monday morning. The brokerage currently has a $93.00 target price on the industrial products company’s stock.

MSM has been the subject of a number of other research reports. Credit Suisse Group set a $100.00 target price on shares of MSC Industrial Direct and gave the company a buy rating in a research report on Monday, December 4th. Zacks Investment Research raised shares of MSC Industrial Direct from a hold rating to a buy rating and set a $85.00 target price for the company in a research report on Wednesday, October 11th. Gabelli raised shares of MSC Industrial Direct from a hold rating to a buy rating and set a $94.00 target price for the company in a research report on Friday, October 13th. Susquehanna Bancshares assumed coverage on shares of MSC Industrial Direct in a research report on Monday, September 25th. They set a neutral rating and a $77.00 price objective for the company. Finally, KeyCorp reaffirmed a hold rating on shares of MSC Industrial Direct in a research report on Tuesday, October 17th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of Hold and an average price target of $88.92.

Shares of MSC Industrial Direct (MSM) traded down $0.28 during midday trading on Monday, reaching $89.37. 403,500 shares of the company were exchanged, compared to its average volume of 612,525. The company has a market cap of $5,055.45, a price-to-earnings ratio of 22.19, a PEG ratio of 1.75 and a beta of 0.67. MSC Industrial Direct has a 1-year low of $65.42 and a 1-year high of $105.70. The company has a current ratio of 1.80, a quick ratio of 0.97 and a debt-to-equity ratio of 0.16.

MSC Industrial Direct (NYSE:MSM) last issued its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.08. The business had revenue of $753.80 million during the quarter, compared to analyst estimates of $745.80 million. MSC Industrial Direct had a net margin of 8.01% and a return on equity of 19.42%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the business earned $1.02 EPS. analysts predict that MSC Industrial Direct will post 4.45 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 28th. Shareholders of record on Tuesday, November 14th were paid a dividend of $0.48 per share. The ex-dividend date was Monday, November 13th. This is a boost from MSC Industrial Direct’s previous quarterly dividend of $0.45. This represents a $1.92 annualized dividend and a yield of 2.15%. MSC Industrial Direct’s dividend payout ratio (DPR) is 47.52%.

In other news, Director Mitchell Jacobson sold 13,582 shares of MSC Industrial Direct stock in a transaction on Monday, November 6th. The stock was sold at an average price of $81.91, for a total transaction of $1,112,501.62. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Steven N. Baruch sold 5,762 shares of MSC Industrial Direct stock in a transaction on Monday, November 20th. The stock was sold at an average price of $81.25, for a total value of $468,162.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 225,541 shares of company stock worth $18,264,812. Company insiders own 31.28% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. grew its holdings in shares of MSC Industrial Direct by 1,889.6% during the third quarter. American Century Companies Inc. now owns 2,099,225 shares of the industrial products company’s stock worth $158,638,000 after purchasing an additional 1,993,717 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of MSC Industrial Direct by 267.2% during the second quarter. Alliancebernstein L.P. now owns 1,441,259 shares of the industrial products company’s stock worth $123,891,000 after purchasing an additional 1,048,714 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of MSC Industrial Direct by 26.2% during the second quarter. JPMorgan Chase & Co. now owns 3,124,573 shares of the industrial products company’s stock worth $268,588,000 after purchasing an additional 649,201 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of MSC Industrial Direct by 105.3% during the third quarter. Bank of New York Mellon Corp now owns 1,179,178 shares of the industrial products company’s stock worth $89,112,000 after purchasing an additional 604,873 shares in the last quarter. Finally, Schroder Investment Management Group grew its holdings in shares of MSC Industrial Direct by 52.7% during the third quarter. Schroder Investment Management Group now owns 964,486 shares of the industrial products company’s stock worth $72,250,000 after purchasing an additional 332,893 shares in the last quarter. Institutional investors and hedge funds own 75.57% of the company’s stock.

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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.

Analyst Recommendations for MSC Industrial Direct (NYSE:MSM)

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