Analysts Set MSC Industrial Direct Company, Inc. (NYSE:MSM) PT at $94.71

Shares of MSC Industrial Direct Company, Inc. (NYSE:MSM) have been given an average recommendation of “Hold” by the ten ratings firms that are presently covering the company, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $101.00.

Several research firms have recently issued reports on MSM. Weiss Ratings reiterated a “hold (c)” rating on shares of MSC Industrial Direct in a research note on Monday, April 27th. KeyCorp upped their price target on MSC Industrial Direct from $117.00 to $120.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 2nd. Finally, DA Davidson began coverage on MSC Industrial Direct in a research note on Tuesday. They set a “buy” rating and a $145.00 price target for the company.

Institutional Trading of MSC Industrial Direct

Hedge funds have recently added to or reduced their stakes in the business. Hantz Financial Services Inc. boosted its stake in MSC Industrial Direct by 257.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 361 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 260 shares during the period. First Horizon Corp boosted its stake in MSC Industrial Direct by 101.0% during the 1st quarter. First Horizon Corp now owns 400 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 201 shares during the period. Quarry LP boosted its stake in MSC Industrial Direct by 71.7% during the 3rd quarter. Quarry LP now owns 503 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 210 shares during the period. Kestra Advisory Services LLC bought a new stake in MSC Industrial Direct during the 4th quarter valued at approximately $48,000. Finally, EverSource Wealth Advisors LLC boosted its stake in MSC Industrial Direct by 130.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 576 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 326 shares during the period. Institutional investors own 79.26% of the company’s stock.

MSC Industrial Direct Stock Performance

Shares of MSM stock opened at $115.04 on Thursday. The firm has a market cap of $6.42 billion, a P/E ratio of 30.92 and a beta of 0.84. The stock’s 50-day moving average is $105.50 and its two-hundred day moving average is $94.46. MSC Industrial Direct has a fifty-two week low of $78.80 and a fifty-two week high of $119.13. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.73 and a quick ratio of 0.78.

MSC Industrial Direct (NYSE:MSM) last released its quarterly earnings results on Wednesday, April 1st. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.02). The company had revenue of $917.77 million for the quarter, compared to the consensus estimate of $931.69 million. MSC Industrial Direct had a return on equity of 16.06% and a net margin of 5.42%.The business’s revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.72 EPS. Analysts predict that MSC Industrial Direct will post 4.35 earnings per share for the current fiscal year.

MSC Industrial Direct Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th will be paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Wednesday, July 8th. MSC Industrial Direct’s dividend payout ratio is 93.55%.

About MSC Industrial Direct

MSC Industrial Direct Co, Inc (NYSE: MSM) is a leading distributor of metalworking and maintenance, repair and operations (MRO) products serving a broad range of industrial customers across North America. The company offers an extensive portfolio of cutting tools, abrasives, measuring and inspection instruments, fasteners, safety supplies and other essential components used in manufacturing, metalworking and production environments. MSC delivers products through a multi-channel distribution network, including an extensive branch system, e-commerce platform and dedicated sales force.

In addition to its core product offerings, MSC Industrial Direct provides value-added services designed to improve productivity and reduce downtime for its customers.