MSC Industrial Direct (NYSE:MSM - Free Report) had its target price decreased by Robert W. Baird from $90.00 to $84.00 in a research report report published on Friday,Benzinga reports. Robert W. Baird currently has a neutral rating on the industrial products company's stock.
Separately, Wolfe Research initiated coverage on MSC Industrial Direct in a research report on Thursday, January 16th. They set an "outperform" rating and a $95.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, MSC Industrial Direct currently has an average rating of "Hold" and a consensus price target of $82.20.
View Our Latest Research Report on MSM
MSC Industrial Direct Price Performance
MSC Industrial Direct stock traded up $4.47 during mid-day trading on Friday, reaching $73.79. 218,153 shares of the company's stock traded hands, compared to its average volume of 624,119. MSC Industrial Direct has a 12-month low of $65.92 and a 12-month high of $95.13. The company has a market cap of $4.12 billion, a price-to-earnings ratio of 17.61 and a beta of 0.89. The stock has a 50 day moving average of $78.77 and a two-hundred day moving average of $81.06. The company has a quick ratio of 0.91, a current ratio of 1.93 and a debt-to-equity ratio of 0.21.
MSC Industrial Direct (NYSE:MSM - Get Free Report) last announced its earnings results on Thursday, April 3rd. The industrial products company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.04. The firm 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 was down 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.18 EPS. Equities analysts forecast that MSC Industrial Direct will post 3.57 earnings per share for the current year.
MSC Industrial Direct Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date is Wednesday, April 9th. MSC Industrial Direct's payout ratio is currently 89.71%.
Institutional Trading of MSC Industrial Direct
Several institutional investors and hedge funds have recently made changes to their positions in the business. Headlands Technologies LLC bought a new stake in MSC Industrial Direct during the 4th quarter valued at about $25,000. Allworth Financial LP raised its stake in shares of MSC Industrial Direct by 412.0% during the fourth quarter. Allworth Financial LP now owns 425 shares of the industrial products company's stock valued at $35,000 after acquiring an additional 342 shares in the last quarter. UMB Bank n.a. raised its stake in shares of MSC Industrial Direct by 54.0% during the fourth quarter. UMB Bank n.a. now owns 476 shares of the industrial products company's stock valued at $36,000 after acquiring an additional 167 shares in the last quarter. Synergy Asset Management LLC purchased a new stake in shares of MSC Industrial Direct in the fourth quarter valued at approximately $36,000. Finally, V Square Quantitative Management LLC grew its stake in 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 purchasing an additional 231 shares in the last quarter. 79.26% of the stock is currently owned by institutional investors.
About MSC Industrial Direct
(
Get Free Report)
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.
Read More
Before you consider MSC Industrial Direct, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MSC Industrial Direct wasn't on the list.
While MSC Industrial Direct currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
