Investment Analysts’ Recent Ratings Changes for MSC Industrial Direct (MSM)

MSC Industrial Direct (NYSE: MSM) has recently received a number of price target changes and ratings updates:

  • 4/7/2018 – MSC Industrial Direct was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “MSC Industrial Direct Co., Inc. is one of the premier distributors of Metalworking and Maintenance, Repair and Operations (MRO) supplies to industrial customers throughout the United States. MSC distributes approximately 590,000 industrial products from approximately 3,000 suppliers to approximately 350,000 customers. MSC reaches its customers through a combination of approximately 27 million direct-mail catalogs and CD-ROMs, 96 branch sales offices, 927 sales people, the Internet and associations with some of the world’s most prominent B2B e-commerce portals. “
  • 4/6/2018 – MSC Industrial Direct was given a new $102.00 price target on by analysts at Deutsche Bank. They now have a “hold” rating on the stock.
  • 3/27/2018 – MSC Industrial Direct was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “MSC Industrial Direct Co., Inc. is one of the premier distributors of Metalworking and Maintenance, Repair and Operations (MRO) supplies to industrial customers throughout the United States. MSC distributes approximately 590,000 industrial products from approximately 3,000 suppliers to approximately 350,000 customers. MSC reaches its customers through a combination of approximately 27 million direct-mail catalogs and CD-ROMs, 96 branch sales offices, 927 sales people, the Internet and associations with some of the world’s most prominent B2B e-commerce portals. “
  • 3/24/2018 – MSC Industrial Direct was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $102.00 price target on the stock. According to Zacks, “MSC Industrial Direct Co., Inc. is one of the premier distributors of Metalworking and Maintenance, Repair and Operations (MRO) supplies to industrial customers throughout the United States. MSC distributes approximately 590,000 industrial products from approximately 3,000 suppliers to approximately 350,000 customers. MSC reaches its customers through a combination of approximately 27 million direct-mail catalogs and CD-ROMs, 96 branch sales offices, 927 sales people, the Internet and associations with some of the world’s most prominent B2B e-commerce portals. “
  • 3/18/2018 – MSC Industrial Direct is now covered by analysts at Goldman Sachs. They set a “buy” rating and a $107.00 price target on the stock.
  • 3/17/2018 – MSC Industrial Direct was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “MSC Industrial Direct Co., Inc. is one of the premier distributors of Metalworking and Maintenance, Repair and Operations (MRO) supplies to industrial customers throughout the United States. MSC distributes approximately 590,000 industrial products from approximately 3,000 suppliers to approximately 350,000 customers. MSC reaches its customers through a combination of approximately 27 million direct-mail catalogs and CD-ROMs, 96 branch sales offices, 927 sales people, the Internet and associations with some of the world’s most prominent B2B e-commerce portals. “
  • 3/16/2018 – MSC Industrial Direct was downgraded by analysts at Gabelli from a “buy” rating to a “hold” rating. They now have a $99.00 price target on the stock.
  • 3/16/2018 – MSC Industrial Direct was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $107.00 price target on the stock. According to Zacks, “MSC Industrial Direct Co., Inc. is one of the premier distributors of Metalworking and Maintenance, Repair and Operations (MRO) supplies to industrial customers throughout the United States. MSC distributes approximately 590,000 industrial products from approximately 3,000 suppliers to approximately 350,000 customers. MSC reaches its customers through a combination of approximately 27 million direct-mail catalogs and CD-ROMs, 96 branch sales offices, 927 sales people, the Internet and associations with some of the world’s most prominent B2B e-commerce portals. “
  • 3/7/2018 – MSC Industrial Direct was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “MSC Industrial Direct Co., Inc. is one of the premier distributors of Metalworking and Maintenance, Repair and Operations (MRO) supplies to industrial customers throughout the United States. MSC distributes approximately 590,000 industrial products from approximately 3,000 suppliers to approximately 350,000 customers. MSC reaches its customers through a combination of approximately 27 million direct-mail catalogs and CD-ROMs, 96 branch sales offices, 927 sales people, the Internet and associations with some of the world’s most prominent B2B e-commerce portals. “

MSM stock opened at $92.00 on Monday. MSC Industrial Direct has a fifty-two week low of $65.42 and a fifty-two week high of $99.94. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.04 and a current ratio of 1.92. The stock has a market capitalization of $5,193.95, a price-to-earnings ratio of 22.72, a PEG ratio of 1.32 and a beta of 0.59.

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MSC Industrial Direct (NYSE:MSM) last posted its earnings results on Wednesday, January 10th. The industrial products company reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). MSC Industrial Direct had a net margin of 7.97% and a return on equity of 19.37%. The firm had revenue of $768.60 million during the quarter, compared to the consensus estimate of $770.95 million. During the same period in the prior year, the company posted $0.95 EPS. The firm’s revenue was up 12.0% compared to the same quarter last year. equities analysts predict that MSC Industrial Direct will post 5.12 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Tuesday, April 17th will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date is Monday, April 16th. MSC Industrial Direct’s dividend payout ratio is 57.28%.

In other MSC Industrial Direct news, VP Charles Bonomo sold 1,800 shares of the stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $92.19, for a total value of $165,942.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Rustom Jilla sold 2,500 shares of the stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $99.00, for a total value of $247,500.00. The disclosure for this sale can be found here. In the last three months, insiders sold 783,437 shares of company stock worth $74,083,049. 31.38% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Delpha Capital Management LLC purchased a new stake in MSC Industrial Direct in the fourth quarter worth about $111,000. Cerebellum GP LLC purchased a new stake in MSC Industrial Direct in the fourth quarter worth about $127,000. Captrust Financial Advisors purchased a new stake in MSC Industrial Direct in the fourth quarter worth about $129,000. Cutler Group LP increased its position in MSC Industrial Direct by 457.8% in the fourth quarter. Cutler Group LP now owns 1,431 shares of the industrial products company’s stock worth $138,000 after buying an additional 1,831 shares in the last quarter. Finally, Zions Bancorporation purchased a new stake in MSC Industrial Direct in the third quarter worth about $150,000. Institutional investors and hedge funds own 75.35% of the company’s stock.

MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes various ranges of metalworking and maintenance, repair, and operations (MRO) products primarily 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, 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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