MSC Industrial Direct Company, Inc. (NYSE:MSM) Receives Consensus Rating of “Hold” from Analysts

Shares of MSC Industrial Direct Company, Inc. (NYSE:MSM) have received an average rating of “Hold” from the nine research firms that are presently covering the firm, MarketBeat reports. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $94.7143.

Several equities analysts have recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of MSC Industrial Direct in a report on Monday, April 27th. KeyCorp raised their price objective on MSC Industrial Direct from $117.00 to $120.00 and gave the company an “overweight” rating in a report on Tuesday, June 2nd.

Hedge Funds Weigh In On MSC Industrial Direct

Several hedge funds have recently modified their holdings of the stock. Parallel Advisors LLC grew its holdings in shares of MSC Industrial Direct by 3.9% in the 1st quarter. Parallel Advisors LLC now owns 3,112 shares of the industrial products company’s stock valued at $287,000 after acquiring an additional 118 shares in the last quarter. Alpine Woods Capital Investors LLC bought a new position in shares of MSC Industrial Direct in the 1st quarter valued at about $226,000. Argent Capital Management LLC acquired a new stake in MSC Industrial Direct in the 1st quarter valued at about $13,756,000. Amundi lifted its stake in MSC Industrial Direct by 10.9% in the 1st quarter. Amundi now owns 2,772 shares of the industrial products company’s stock valued at $256,000 after purchasing an additional 273 shares during the last quarter. Finally, California State Teachers Retirement System lifted its stake in MSC Industrial Direct by 27.5% in the 1st quarter. California State Teachers Retirement System now owns 53,748 shares of the industrial products company’s stock valued at $4,959,000 after purchasing an additional 11,580 shares during the last quarter. Institutional investors own 79.26% of the company’s stock.

MSC Industrial Direct Trading Down 2.2%

MSC Industrial Direct stock opened at $114.15 on Thursday. The company has a market cap of $6.37 billion, a price-to-earnings ratio of 30.68 and a beta of 0.84. The firm has a 50-day moving average of $104.48 and a 200-day moving average of $94.08. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.73 and a quick ratio of 0.78. MSC Industrial Direct has a one year low of $78.80 and a one year high of $119.13.

MSC Industrial Direct (NYSE:MSM) last announced its quarterly earnings data on Wednesday, April 1st. The industrial products company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.02). The company had revenue of $917.77 million during 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%. MSC Industrial Direct’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.72 EPS. On average, equities analysts expect that MSC Industrial Direct will post 4.33 earnings per share for the current fiscal year.

MSC Industrial Direct Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 8th were issued a $0.87 dividend. The ex-dividend date was Wednesday, April 8th. This represents a $3.48 annualized dividend and a dividend yield of 3.0%. MSC Industrial Direct’s dividend payout ratio (DPR) is presently 93.55%.

MSC Industrial Direct Company Profile

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.