Stifel Nicolaus reissued their hold rating on shares of MSC Industrial Direct Company, Inc. (NYSE:MSM) in a research report report published on Friday. They currently have a $78.00 price target on the industrial products company’s stock, down from their previous price target of $88.00.

Several other analysts have also issued reports on MSM. KeyCorp reiterated a sector weight rating on shares of MSC Industrial Direct in a research report on Tuesday, April 4th. Barclays PLC reiterated a sell rating and set a $85.00 price target on shares of MSC Industrial Direct in a research report on Friday, April 7th. Zacks Investment Research upgraded shares of MSC Industrial Direct from a hold rating to a buy rating and set a $108.00 price target on the stock in a research report on Saturday, April 8th. Credit Suisse Group upgraded shares of MSC Industrial Direct from a neutral rating to an outperform rating and increased their price target for the stock from $92.00 to $100.00 in a research report on Wednesday, April 19th. Finally, Raymond James Financial, Inc. upgraded shares of MSC Industrial Direct from a market perform rating to a buy rating and set a $103.00 price target on the stock in a research report on Wednesday, April 19th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $92.00.

MSC Industrial Direct (NYSE:MSM) traded up 0.88% on Friday, hitting $74.31. 1,071,611 shares of the stock were exchanged. MSC Industrial Direct has a 1-year low of $69.96 and a 1-year high of $105.70. The company has a 50-day moving average price of $84.90 and a 200 day moving average price of $94.50. The company has a market capitalization of $4.23 billion, a PE ratio of 18.53 and a beta of 0.54.

MSC Industrial Direct (NYSE:MSM) last announced its earnings results on Wednesday, July 12th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.09. MSC Industrial Direct had a net margin of 8.07% and a return on equity of 20.05%. The firm had revenue of $743.90 million for the quarter, compared to analyst estimates of $744.49 million. During the same quarter in the prior year, the business posted $1.05 EPS. The business’s revenue was up 2.3% compared to the same quarter last year. Analysts anticipate that MSC Industrial Direct will post $3.98 EPS for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 1st. Stockholders of record on Tuesday, July 18th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.42%. The ex-dividend date is Friday, July 14th. MSC Industrial Direct’s dividend payout ratio (DPR) is presently 45.11%.

Large investors have recently bought and sold shares of the company. State Street Corp boosted its stake in MSC Industrial Direct by 1.7% in the first quarter. State Street Corp now owns 1,203,471 shares of the industrial products company’s stock valued at $123,670,000 after buying an additional 20,473 shares during the period. SRS Capital Advisors Inc. boosted its stake in MSC Industrial Direct by 6.9% in the first quarter. SRS Capital Advisors Inc. now owns 3,393 shares of the industrial products company’s stock valued at $348,000 after buying an additional 218 shares during the period. Russell Investments Group Ltd. boosted its stake in MSC Industrial Direct by 4.9% in the first quarter. Russell Investments Group Ltd. now owns 100,408 shares of the industrial products company’s stock valued at $10,319,000 after buying an additional 4,720 shares during the period. Cookson Peirce & Co. Inc. boosted its stake in MSC Industrial Direct by 1,625.4% in the first quarter. Cookson Peirce & Co. Inc. now owns 49,000 shares of the industrial products company’s stock valued at $5,035,000 after buying an additional 46,160 shares during the period. Finally, Prudential Financial Inc. boosted its stake in MSC Industrial Direct by 689.8% in the first quarter. Prudential Financial Inc. now owns 242,756 shares of the industrial products company’s stock valued at $24,945,000 after buying an additional 212,020 shares during the period. Institutional investors own 77.56% of the company’s stock.

About MSC Industrial Direct

MSC Industrial Direct Co, Inc is a North American distributor of metalworking and maintenance, repair and operations (MRO) products and services. The Company’s range of MRO products include 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.

Analyst Recommendations for MSC Industrial Direct (NYSE:MSM)

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