MSC Industrial Direct Co., Inc. (NYSE:MSM) Receives $82.20 Average PT from Brokerages

Shares of MSC Industrial Direct Co., Inc. (NYSE:MSM - Get Free Report) have been assigned an average recommendation of "Hold" from the seven brokerages that are covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $82.20.

A number of research firms have recently weighed in on MSM. Robert W. Baird cut their target price on MSC Industrial Direct from $90.00 to $84.00 and set a "neutral" rating for the company in a research report on Friday, April 4th. Wolfe Research raised shares of MSC Industrial Direct to a "strong-buy" rating in a research report on Sunday, April 6th. Finally, Loop Capital decreased their target price on shares of MSC Industrial Direct from $83.00 to $74.00 and set a "hold" rating on the stock in a report on Friday, April 4th.

MSC Industrial Direct Stock Performance

NYSE MSM traded up $2.00 on Wednesday, reaching $77.72. The stock had a trading volume of 1,123,029 shares, compared to its average volume of 630,523. MSC Industrial Direct has a 1-year low of $68.10 and a 1-year high of $94.31. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.93 and a quick ratio of 0.91. The firm has a fifty day moving average of $78.40 and a two-hundred day moving average of $80.79. The company has a market cap of $4.33 billion, a P/E ratio of 18.55 and a beta of 0.89.

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MSC Industrial Direct (NYSE:MSM - Get Free Report) last announced its earnings results on Thursday, April 3rd. The industrial products company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.68 by $0.04. The company had revenue of $891.70 million for the quarter, compared to analysts' expectations of $908.30 million. MSC Industrial Direct had a net margin of 6.21% and a return on equity of 17.80%. The business's revenue for the quarter was down 4.7% on a year-over-year basis. During the same period last year, the firm earned $1.18 earnings per share. On average, equities research analysts anticipate that MSC Industrial Direct will post 3.57 EPS for the current year.

MSC Industrial Direct Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 9th will be paid a $0.85 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.37%. MSC Industrial Direct's payout ratio is currently 89.71%.

Insider Buying and Selling

In other news, Director Mitchell Jacobson bought 27,642 shares of the company's stock in a transaction on Tuesday, April 8th. The stock was purchased at an average cost of $69.77 per share, for a total transaction of $1,928,582.34. Following the completion of the transaction, the director now owns 1,951,725 shares of the company's stock, valued at $136,171,853.25. This trade represents a 1.44 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 18.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On MSC Industrial Direct

A number of institutional investors have recently added to or reduced their stakes in the business. Headlands Technologies LLC acquired a new position in shares of MSC Industrial Direct during the fourth quarter worth $25,000. Allworth Financial LP grew its position in shares of MSC Industrial Direct by 412.0% in the 4th quarter. Allworth Financial LP now owns 425 shares of the industrial products company's stock valued at $35,000 after buying an additional 342 shares during the last quarter. UMB Bank n.a. increased its stake in shares of MSC Industrial Direct by 54.0% in the fourth quarter. UMB Bank n.a. now owns 476 shares of the industrial products company's stock valued at $36,000 after buying an additional 167 shares during the period. Synergy Asset Management LLC bought a new position in shares of MSC Industrial Direct during the fourth quarter worth about $36,000. Finally, V Square Quantitative Management LLC lifted its stake in shares of MSC Industrial Direct by 77.0% in the fourth quarter. V Square Quantitative Management LLC now owns 531 shares of the industrial products company's stock worth $40,000 after acquiring an additional 231 shares during the period. 79.26% of the stock is owned by institutional investors.

MSC Industrial Direct Company Profile

MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes metalworking and maintenance, repair, and operations (MRO) products and services in the United States, Canada, Mexico, the United Kingdom, and internationally. The company's MRO products include 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.