MSC Industrial Direct Company, Inc. (NYSE:MSM) Receives $90.50 Average PT from Analysts

MSC Industrial Direct Company, Inc. (NYSE:MSM) has earned an average rating of “Hold” from the nine ratings firms that are covering the firm, Marketbeat.com reports. Nine analysts have rated the stock with a hold recommendation. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $90.50.

Several equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of MSC Industrial Direct from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Jefferies Financial Group reaffirmed a “hold” rating and issued a $85.00 price objective on shares of MSC Industrial Direct in a research report on Thursday, January 8th. Robert W. Baird set a $94.00 target price on shares of MSC Industrial Direct in a research note on Thursday, January 8th. Weiss Ratings reissued a “hold (c)” rating on shares of MSC Industrial Direct in a research report on Wednesday, January 28th. Finally, KeyCorp restated a “sector weight” rating on shares of MSC Industrial Direct in a research note on Thursday, January 8th.

MSC Industrial Direct Stock Performance

Shares of MSC Industrial Direct stock opened at $90.31 on Friday. The business’s fifty day simple moving average is $90.97 and its 200 day simple moving average is $88.33. The company has a current ratio of 1.73, a quick ratio of 0.82 and a debt-to-equity ratio of 0.14. MSC Industrial Direct has a 12 month low of $68.10 and a 12 month high of $96.99. The firm has a market capitalization of $5.04 billion, a P/E ratio of 24.28 and a beta of 0.79.

MSC Industrial Direct (NYSE:MSM) last announced its quarterly earnings data on Wednesday, April 1st. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.02). MSC Industrial Direct had a net margin of 5.42% and a return on equity of 16.06%. The business had revenue of $917.77 million during the quarter, compared to the consensus estimate of $931.69 million. During the same quarter last year, the company earned $0.72 EPS. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. As a group, analysts anticipate that MSC Industrial Direct will post 3.57 EPS for the current year.

MSC Industrial Direct Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 8th will be issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Wednesday, April 8th. MSC Industrial Direct’s dividend payout ratio is 95.08%.

Institutional Trading of MSC Industrial Direct

Several hedge funds have recently made changes to their positions in MSM. Quent Capital LLC bought a new position in shares of MSC Industrial Direct during the 3rd quarter worth $31,000. Hantz Financial Services Inc. raised its stake in MSC Industrial Direct by 257.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 361 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 260 shares during the period. Quarry LP lifted its holdings in MSC Industrial Direct by 71.7% during the third 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 last quarter. Kestra Advisory Services LLC purchased a new stake in MSC Industrial Direct during the fourth quarter valued at about $48,000. Finally, EverSource Wealth Advisors LLC boosted its position in MSC Industrial Direct by 130.4% during the second quarter. EverSource Wealth Advisors LLC now owns 576 shares of the industrial products company’s stock worth $49,000 after purchasing an additional 326 shares during the period. 79.26% of the stock is currently owned by institutional investors.

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.