Brokerages Set MSC Industrial Direct Co Inc (NYSE:MSM) PT at $78.89

MSC Industrial Direct Co Inc (NYSE:MSM) has been assigned an average rating of “Hold” from the twelve ratings firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $78.89.

A number of research analysts have recently issued reports on the company. Stephens assumed coverage on Itron in a report on Monday, July 8th. They issued an “equal weight” rating and a $64.00 target price on the stock. ValuEngine raised VESTAS WIND SYS/ADR from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. Wells Fargo & Co set a $33.00 target price on Matador Resources and gave the company a “hold” rating in a report on Thursday, July 11th. William Blair reissued a “market perform” rating on shares of Luminex in a report on Tuesday, May 7th. Finally, Raymond James reissued a “hold” rating on shares of PrairieSky Royalty in a report on Thursday, July 11th.

Shares of NYSE:MSM traded down $0.26 during trading on Friday, reaching $72.41. The company had a trading volume of 4,656 shares, compared to its average volume of 513,118. The company has a market cap of $3.98 billion, a price-to-earnings ratio of 14.19, a price-to-earnings-growth ratio of 1.37 and a beta of 0.94. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.50 and a quick ratio of 1.35. The firm’s fifty day moving average price is $72.40. MSC Industrial Direct has a fifty-two week low of $67.25 and a fifty-two week high of $90.25.

MSC Industrial Direct (NYSE:MSM) last released its earnings results on Wednesday, July 10th. The industrial products company reported $1.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.50 by ($0.05). The company had revenue of $866.50 million during the quarter, compared to analyst estimates of $881.62 million. MSC Industrial Direct had a net margin of 8.79% and a return on equity of 21.08%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.39 EPS. On average, equities research analysts expect that MSC Industrial Direct will post 5.28 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 6th. Investors of record on Tuesday, July 23rd will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date is Monday, July 22nd. This is a positive change from MSC Industrial Direct’s previous quarterly dividend of $0.63. MSC Industrial Direct’s dividend payout ratio is currently 49.61%.

In related news, EVP Douglas E. Jones sold 2,126 shares of the company’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $83.50, for a total transaction of $177,521.00. Following the transaction, the executive vice president now owns 7,496 shares of the company’s stock, valued at $625,916. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Steven N. Baruch sold 5,404 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $82.00, for a total value of $443,128.00. The disclosure for this sale can be found here. Corporate insiders own 27.96% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Investors Research Corp purchased a new stake in MSC Industrial Direct during the first quarter worth $25,000. Quadrant Capital Group LLC boosted its position in MSC Industrial Direct by 1,212.1% during the first quarter. Quadrant Capital Group LLC now owns 761 shares of the industrial products company’s stock worth $60,000 after purchasing an additional 703 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in MSC Industrial Direct by 25.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,151 shares of the industrial products company’s stock worth $89,000 after purchasing an additional 231 shares in the last quarter. NumerixS Investment Technologies Inc boosted its position in MSC Industrial Direct by 71.4% during the first quarter. NumerixS Investment Technologies Inc now owns 1,200 shares of the industrial products company’s stock worth $98,000 after purchasing an additional 500 shares in the last quarter. Finally, ETF Managers Group LLC boosted its position in MSC Industrial Direct by 9.8% during the first quarter. ETF Managers Group LLC now owns 1,592 shares of the industrial products company’s stock worth $132,000 after purchasing an additional 142 shares in the last quarter. Institutional investors own 76.01% of the company’s stock.

MSC Industrial Direct Company Profile

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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