MSC Industrial Direct (MSM) Given a $81.00 Price Target by Buckingham Research Analysts

Buckingham Research set a $81.00 target price on MSC Industrial Direct (NYSE:MSM) in a research report report published on Thursday morning, TipRanks reports. The firm currently has a hold rating on the industrial products company’s stock.

Other equities analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of MSC Industrial Direct from a hold rating to a sell rating in a research note on Tuesday, March 26th. Robert W. Baird dropped their price target on shares of MSC Industrial Direct from $88.00 to $84.00 and set a neutral rating for the company in a research note on Thursday. Northcoast Research reaffirmed a buy rating on shares of MSC Industrial Direct in a research note on Thursday. BMO Capital Markets dropped their price target on shares of MSC Industrial Direct from $90.00 to $86.00 and set a market perform rating for the company in a research note on Thursday. Finally, Stephens cut shares of MSC Industrial Direct from an overweight rating to an equal weight rating and set a $92.00 price objective for the company. in a research report on Friday, February 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $88.38.

Shares of MSM stock traded up $0.52 during trading hours on Thursday, reaching $81.64. 649,105 shares of the stock were exchanged, compared to its average volume of 490,791. MSC Industrial Direct has a 12-month low of $73.28 and a 12-month high of $95.83. The company has a current ratio of 2.19, a quick ratio of 1.27 and a debt-to-equity ratio of 0.20. The stock has a market cap of $4.55 billion, a PE ratio of 16.07, a P/E/G ratio of 1.46 and a beta of 0.86.

MSC Industrial Direct (NYSE:MSM) last released its quarterly earnings results on Wednesday, April 10th. The industrial products company reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.02). MSC Industrial Direct had a return on equity of 21.20% and a net margin of 8.88%. The firm had revenue of $823.00 million for the quarter, compared to analysts’ expectations of $826.98 million. During the same period in the prior year, the firm posted $1.34 earnings per share. Sell-side analysts forecast that MSC Industrial Direct will post 5.57 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th will be given a $0.63 dividend. The ex-dividend date is Monday, April 8th. This represents a $2.52 annualized dividend and a yield of 3.09%. MSC Industrial Direct’s dividend payout ratio (DPR) is 49.61%.

In other news, SVP Gregory Polli sold 12,736 shares of the business’s stock in a transaction dated Thursday, February 7th. The shares were sold at an average price of $82.60, for a total value of $1,051,993.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Steve Armstrong sold 5,293 shares of the business’s stock in a transaction dated Friday, January 18th. The shares were sold at an average price of $82.48, for a total transaction of $436,566.64. Following the completion of the sale, the senior vice president now owns 7,561 shares of the company’s stock, valued at approximately $623,631.28. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,810 shares of company stock valued at $1,635,422. 27.96% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of MSC Industrial Direct by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 4,542,964 shares of the industrial products company’s stock valued at $400,280,000 after purchasing an additional 62,473 shares in the last quarter. Vanguard Group Inc raised its holdings in shares of MSC Industrial Direct by 1.4% in the 3rd quarter. Vanguard Group Inc now owns 4,542,964 shares of the industrial products company’s stock valued at $400,280,000 after purchasing an additional 62,473 shares in the last quarter. BlackRock Inc. raised its holdings in shares of MSC Industrial Direct by 2.5% in the 4th quarter. BlackRock Inc. now owns 4,143,457 shares of the industrial products company’s stock valued at $318,714,000 after purchasing an additional 102,612 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of MSC Industrial Direct by 1.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,667,322 shares of the industrial products company’s stock valued at $235,017,000 after purchasing an additional 31,846 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of MSC Industrial Direct by 18.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 856,023 shares of the industrial products company’s stock valued at $75,424,000 after purchasing an additional 133,477 shares in the last quarter. Institutional investors and hedge funds own 75.05% of the company’s stock.

About MSC Industrial Direct

MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes metalworking and maintenance, repair, and operations (MRO) products in the United States, Canada, and the United Kingdom. The company's MRO products comprise cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock products, raw materials, abrasives, machinery hand and power tools, safety and janitorial supplies, plumbing supplies, materials handling products, power transmission components, and electrical supplies.

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Analyst Recommendations for MSC Industrial Direct (NYSE:MSM)

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