MSC Industrial Direct Company, Inc. (NYSE:MSM) Receives $90.50 Consensus Target Price from Brokerages

Shares of MSC Industrial Direct Company, Inc. (NYSE:MSM) have earned a consensus rating of “Hold” from the nine analysts that are currently covering the company, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $90.50.

A number of research analysts have issued reports on MSM shares. Weiss Ratings reissued a “hold (c)” rating on shares of MSC Industrial Direct in a report on Wednesday, January 28th. KeyCorp reaffirmed a “sector weight” rating on shares of MSC Industrial Direct in a report on Thursday, January 8th. Wall Street Zen cut MSC Industrial Direct from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Robert W. Baird set a $94.00 price target on MSC Industrial Direct in a report on Thursday, January 8th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $85.00 price target on shares of MSC Industrial Direct in a report on Thursday, January 8th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Quent Capital LLC bought a new position in shares of MSC Industrial Direct in the third quarter valued at about $31,000. Hantz Financial Services Inc. raised its holdings in shares of MSC Industrial Direct by 257.4% in the third quarter. Hantz Financial Services Inc. now owns 361 shares of the industrial products company’s stock valued at $33,000 after buying an additional 260 shares during the last quarter. Quarry LP raised its holdings in shares of MSC Industrial Direct by 71.7% in the third quarter. Quarry LP now owns 503 shares of the industrial products company’s stock valued at $46,000 after buying an additional 210 shares during the last quarter. Kestra Advisory Services LLC bought a new position in shares of MSC Industrial Direct in the fourth quarter valued at about $48,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of MSC Industrial Direct by 130.4% in the second quarter. EverSource Wealth Advisors LLC now owns 576 shares of the industrial products company’s stock valued at $49,000 after buying an additional 326 shares during the last quarter. 79.26% of the stock is owned by institutional investors.

MSC Industrial Direct Stock Down 0.1%

Shares of NYSE MSM opened at $97.95 on Wednesday. The stock has a market cap of $5.47 billion, a PE ratio of 26.33 and a beta of 0.79. The business has a fifty day moving average of $92.55 and a two-hundred day moving average of $88.78. MSC Industrial Direct has a 52-week low of $74.30 and a 52-week high of $98.88. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.78 and a current ratio of 1.73.

MSC Industrial Direct (NYSE:MSM) last issued its quarterly earnings data on Wednesday, April 1st. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.02). The company had revenue of $917.77 million for the quarter, compared to the consensus estimate of $931.69 million. MSC Industrial Direct had a net margin of 5.42% and a return on equity of 16.06%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.72 earnings per share. As a group, equities research analysts expect that MSC Industrial Direct will post 4.33 earnings per share for the current fiscal year.

MSC Industrial Direct Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 22nd. Investors of record on Wednesday, April 8th were issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Wednesday, April 8th. MSC Industrial Direct’s payout ratio is currently 93.55%.

About MSC Industrial Direct

MSC Industrial Direct Co, Inc (NYSE: MSM) is a leading distributor of metalworking and maintenance, repair and operations (MRO) products serving a broad range of industrial customers across North America. The company offers an extensive portfolio of cutting tools, abrasives, measuring and inspection instruments, fasteners, safety supplies and other essential components used in manufacturing, metalworking and production environments. MSC delivers products through a multi-channel distribution network, including an extensive branch system, e-commerce platform and dedicated sales force.

In addition to its core product offerings, MSC Industrial Direct provides value-added services designed to improve productivity and reduce downtime for its customers.