Shares of MSC Industrial Direct (NYSE:MSM) have been assigned a consensus rating of “Hold” from the eighteen ratings firms that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $100.50.
Several equities analysts recently commented on the stock. Zacks Investment Research upgraded shares of MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a report on Wednesday, January 10th. Stephens reiterated a “buy” rating and set a $116.00 price target on shares of MSC Industrial Direct in a report on Tuesday, April 10th. Robert W. Baird reiterated a “hold” rating and set a $107.00 price target on shares of MSC Industrial Direct in a report on Tuesday, April 10th. Susquehanna Bancshares reiterated a “hold” rating and set a $92.00 price target on shares of MSC Industrial Direct in a report on Wednesday, January 3rd. Finally, Deutsche Bank set a $102.00 price target on shares of MSC Industrial Direct and gave the company a “hold” rating in a report on Friday, April 6th.
In other MSC Industrial Direct news, insider Erik Gershwind sold 104,252 shares of the business’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $93.96, for a total value of $9,795,517.92. Following the completion of the sale, the insider now directly owns 117,885 shares of the company’s stock, valued at approximately $11,076,474.60. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Mitchell Jacobson sold 362,753 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $94.09, for a total transaction of $34,131,429.77. Following the completion of the sale, the director now directly owns 90,000 shares of the company’s stock, valued at $8,468,100. The disclosure for this sale can be found here. Over the last three months, insiders sold 523,543 shares of company stock valued at $49,456,203. 31.28% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in MSM. Anchor Bolt Capital LP purchased a new stake in shares of MSC Industrial Direct in the 4th quarter worth approximately $37,496,000. Raymond James & Associates lifted its position in shares of MSC Industrial Direct by 653.3% in the 4th quarter. Raymond James & Associates now owns 306,544 shares of the industrial products company’s stock worth $29,631,000 after purchasing an additional 265,850 shares during the period. ArrowMark Colorado Holdings LLC lifted its position in shares of MSC Industrial Direct by 13.5% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 1,798,812 shares of the industrial products company’s stock worth $173,873,000 after purchasing an additional 213,957 shares during the period. Two Sigma Investments LP lifted its position in shares of MSC Industrial Direct by 534.5% in the 4th quarter. Two Sigma Investments LP now owns 203,243 shares of the industrial products company’s stock worth $19,645,000 after purchasing an additional 171,213 shares during the period. Finally, Monarch Partners Asset Management LLC purchased a new stake in shares of MSC Industrial Direct in the 4th quarter worth approximately $10,834,000. 75.32% of the stock is owned by institutional investors.
Shares of NYSE:MSM opened at $88.06 on Wednesday. The stock has a market cap of $5,054.51, a P/E ratio of 19.68, a PEG ratio of 1.27 and a beta of 0.60. MSC Industrial Direct has a 12 month low of $65.42 and a 12 month high of $99.94. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.19 and a current ratio of 2.20.
MSC Industrial Direct (NYSE:MSM) last issued its quarterly earnings results on Tuesday, April 10th. The industrial products company reported $1.34 EPS for the quarter, beating the consensus estimate of $1.32 by $0.02. The company had revenue of $769.00 million for the quarter, compared to the consensus estimate of $773.42 million. MSC Industrial Direct had a net margin of 9.91% and a return on equity of 20.53%. The firm’s revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.33 EPS. equities analysts forecast that MSC Industrial Direct will post 5.18 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Tuesday, April 17th will be given a $0.58 dividend. The ex-dividend date of this dividend is Monday, April 16th. This represents a $2.32 annualized dividend and a yield of 2.63%. MSC Industrial Direct’s dividend payout ratio (DPR) is 57.28%.
MSC Industrial Direct announced that its board has initiated a stock repurchase plan on Wednesday, January 10th that authorizes the company to repurchase 2,000,000 shares. This repurchase authorization authorizes the industrial products company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
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About MSC Industrial Direct
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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