MSC Industrial Direct (MSM) Downgraded by UBS Group to “Outperform”

UBS Group downgraded shares of MSC Industrial Direct (NYSE:MSM) from a strong-buy rating to an outperform rating in a report released on Thursday.

Other analysts have also issued reports about the company. Credit Suisse Group set a $100.00 price target on MSC Industrial Direct and gave the company a buy rating in a research note on Monday, December 4th. Stifel Nicolaus reissued a hold rating and set a $93.00 price target on shares of MSC Industrial Direct in a research note on Monday, December 11th. Zacks Investment Research raised MSC Industrial Direct from a hold rating to a buy rating and set a $83.00 price target on the stock in a research note on Wednesday, September 27th. Northcoast Research raised MSC Industrial Direct from a neutral rating to a buy rating in a research note on Friday, December 15th. Finally, Susquehanna Bancshares initiated coverage on MSC Industrial Direct in a research note on Monday, September 25th. They set a neutral rating and a $77.00 price target on the stock. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. MSC Industrial Direct presently has a consensus rating of Hold and an average target price of $92.25.

MSC Industrial Direct (NYSE:MSM) traded down $0.76 during trading hours on Thursday, reaching $98.50. The company had a trading volume of 850,100 shares, compared to its average volume of 618,333. The firm has a market capitalization of $5,597.37, a price-to-earnings ratio of 24.38, a PEG ratio of 1.93 and a beta of 0.67. The company has a quick ratio of 0.97, a current ratio of 1.80 and a debt-to-equity ratio of 0.16. MSC Industrial Direct has a fifty-two week low of $65.42 and a fifty-two week high of $105.70.

MSC Industrial Direct (NYSE:MSM) last released its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.08. The business had revenue of $753.80 million for the quarter, compared to analyst estimates of $745.80 million. MSC Industrial Direct had a return on equity of 19.42% and a net margin of 8.01%. MSC Industrial Direct’s revenue was up 1.2% compared to the same quarter last year. During the same period last year, the firm posted $1.02 earnings per share. sell-side analysts anticipate that MSC Industrial Direct will post 4.47 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 30th. Stockholders of record on Tuesday, January 16th will be paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.36%. This is a positive change from MSC Industrial Direct’s previous quarterly dividend of $0.48. The ex-dividend date is Friday, January 12th. MSC Industrial Direct’s dividend payout ratio (DPR) is presently 47.52%.

In other news, EVP Steven N. Baruch sold 5,762 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $81.25, for a total transaction of $468,162.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mitchell Jacobson sold 13,582 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $81.91, for a total value of $1,112,501.62. The disclosure for this sale can be found here. Insiders have sold 225,541 shares of company stock worth $18,264,812 over the last three months. Insiders own 31.28% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. QS Investors LLC raised its position in shares of MSC Industrial Direct by 0.5% during the second quarter. QS Investors LLC now owns 1,749 shares of the industrial products company’s stock worth $150,000 after acquiring an additional 8 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of MSC Industrial Direct by 0.5% during the second quarter. PNC Financial Services Group Inc. now owns 1,577 shares of the industrial products company’s stock worth $136,000 after acquiring an additional 8 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of MSC Industrial Direct by 0.3% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 6,882 shares of the industrial products company’s stock worth $592,000 after acquiring an additional 22 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in MSC Industrial Direct by 0.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,580 shares of the industrial products company’s stock worth $566,000 after purchasing an additional 29 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in MSC Industrial Direct by 8.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,539 shares of the industrial products company’s stock worth $132,000 after purchasing an additional 123 shares in the last quarter. Institutional investors own 75.55% 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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