MSC Industrial Direct Co., Inc. (NYSE:MSM) Receives Consensus “Buy” Rating from Analysts
Shares of MSC Industrial Direct Co., Inc. (NYSE:MSM – Get Rating) have been given a consensus rating of “Buy” by the nine analysts who currently cover the company, MarketBeat.com reports. Two investment analysts rated the stock with a hold recommendation and six gave the company a buy recommendation. The average 1-year price target among brokerages that have issued ratings on the stock in the past year is $98.71.
Separately, Zacks Investment Research upgraded shares of MSC Industrial Direct from a “hold” rating to a “buy” rating and set a price target of $89.00 for the company in a Tuesday 8 research note. March.
MSM opened at $76.57 on Friday. The company has a market capitalization of $4.27 billion, a P/E ratio of 17.56 and a beta of 1.04. The company’s 50-day moving average is $80.92 and its 200-day moving average is $82.28. MSC Industrial Direct has a 52 week low of $74.20 and a 52 week high of $96.23. The company has a quick ratio of 1.24, a current ratio of 2.30 and a debt ratio of 0.47.
MSC Industrial Direct (NYSE:MSM – Get Rating) last released its quarterly results on Wednesday, December 22. The industrial products company reported earnings per share (EPS) of $1.25 for the quarter, beating analyst consensus estimates of $1.20 by $0.05. The company posted revenue of $848.50 million in the quarter, versus analyst estimates of $839.63 million. MSC Industrial Direct achieved a net margin of 7.37% and a return on equity of 24.06%. The company’s revenues increased by 9.9% compared to the same quarter last year. In the same quarter a year earlier, the company had earned earnings per share of $1.10. Stock analysts expect MSC Industrial Direct to post earnings per share of 5.79 for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 25. Shareholders of record on Tuesday, January 11 received a dividend of $0.75 per share. The ex-dividend date was Monday, January 10. This represents an annualized dividend of $3.00 and a yield of 3.92%. MSC Industrial Direct’s payout ratio is 68.81%.
In other news from MSC Industrial Direct, Executive Vice President Steven N. Baruch sold 15,188 shares of the company in a trade on Wednesday, February 2. The shares were sold at an average price of $83.95, for a total transaction of $1,275,032.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via this hyperlink. 28.28% of the shares are held by insiders.
Several institutional investors and hedge funds have recently changed their positions in MSM. Amundi Pioneer Asset Management Inc. increased its equity stake in MSC Industrial Direct by 6.1% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 36,006 shares of the industrial products company valued at $2,978,000 after acquiring an additional 2,075 shares during the period. LPL Financial LLC increased its holdings of MSC Industrial Direct shares by 6.9% during the second quarter. LPL Financial LLC now owns 4,742 shares of the industrial products company valued at $426,000 after acquiring 305 additional shares during the period. Millennium Management LLC increased its holdings of MSC Industrial Direct shares by 262.7% during the second quarter. Millennium Management LLC now owns 8,966 shares of the industrial products company valued at $805,000 after acquiring an additional 6,494 shares during the period. Metropolitan Life Insurance Co NY increased its stake in MSC Industrial Direct to 110,337.5% in the second quarter. Metropolitan Life Insurance Co NY now owns 8,835 shares of the industrial products company worth $793,000 after purchasing an additional 8,827 shares during the period. Finally, Wells Fargo & Company MN increased its stake in MSC Industrial Direct by 4.3% in the second quarter. Wells Fargo & Company MN now owns 134,700 shares of the industrial products company worth $12,088,000 after purchasing an additional 5,598 shares during the period. 75.61% of the shares are held by institutional investors.
About MSC Industrial Direct (Get an assessment)
MSC Industrial Direct Co, Inc engages in the distribution of metalworking and maintenance, repair and operation products and services to manufacturing companies. Its products include cutting tools, measuring instruments, tooling components, metalworking, fasteners, flat stock, raw materials, abrasives, hand and power machine tools, safety and maintenance supplies, plumbing supplies, material handling products, power transmission components and electrical supplies.
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