MSC Industrial Direct Co., Inc. (NYSE:MSM) receives a consensus recommendation of “Hold” from brokerages

Shares of MSC Industrial Direct Co., Inc. (NYSE:MSM – Get Free Report ) has received an average recommendation of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat reports. Five 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 updated their coverage on the stock in the last year is $90.20.

Several research analysts recently issued reports on MSM shares. Stephens reissued an “overweight” rating and set a $110.00 target price on shares of MSC Industrial Direct in a report on Friday, June 14th. JPMorgan Chase & Co. reduced their target price on shares of MSC Industrial Direct from $81.00 to $80.00 and set a “neutral” rating for the company in a report on Wednesday, July 3rd. Baird RW lowered shares of MSC Industrial Direct from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 29th. Loop Capital cut their price target on shares of MSC Industrial Direct from $80.00 to $75.00 and set a “hold” rating for the company in a report on Wednesday, July 3rd. Finally, KeyCorp cut shares of MSC Industrial Direct from an “overweight” rating to a “sector weight” rating in a report on Monday, June 17th.

Get the latest inventory analysis on MSC Industrial Direct

Insider buying and selling at MSC Industrial Direct

In other news, SVP Kimberly Shacklett sold 4,885 shares of the company’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $84.60, for a total transaction of $413,271.00. Following the completion of the transaction, the senior vice president now directly owns 12,897 shares of the company’s stock, valued at approximately $1,091,086.20. The sale was disclosed in a filing with the SEC, which is available on the SEC’s website. 18.80% of shares are currently owned by corporate insiders.

Institutional inputs and outputs

Hedge funds have recently modified their holdings of the business. Meritage Portfolio Management boosted its stake in MSC Industrial Direct by 40.3% in the 4th quarter. Meritage Portfolio Management now owns 42,097 shares of the industrial products company’s stock worth $4,263,000 after buying an additional 12,088 shares in the last quarter. Duality Advisers LP acquired a new position in shares of MSC Industrial Direct in the fourth quarter valued at about $1,668,000. Louisiana State Employees Retirement System purchased a new position in shares of MSC Industrial Direct during the 4th quarter valued at about $1,316,000. Capital Research Global Investors boosted its stake in MSC Industrial Direct by 14.8% in the 4th quarter. Capital Research Global Investors now owns 775,000 shares of the industrial products company’s stock valued at $78,476,000 after bought another 100,000 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of MSC Industrial Direct in the fourth quarter valued at approximately $56,088,000. 79.26% of the shares are held by hedge funds and other institutional investors.

MSC Industrial direct pricing performance

Shares of MSM stock opened at $80.52 on Friday. MSC Industrial Direct has a fifty-two week low of $75.05 and a fifty-two week high of $105.77. The company has a market cap of $4.52 billion, a price-to-earnings ratio of 15.63 and a beta of 0.88. The firm has a 50-day simple moving average of $81.32 and a 200-day simple moving average of $90.18. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.92, and a current ratio of 2.01.

MSC Industrial Direct (NYSE:MSM – Get Your Free Report ) last posted its quarterly earnings results on Tuesday, July 2nd. The industrial products company reported $1.33 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.33. The firm had revenue of $979.40 million during the quarter, compared to analysts’ expectations of $979.10 million. MSC Industrial Direct had a net margin of 7.44% and a return on equity of 21.31%. The company’s revenue for the quarter was down 7.1% year-over-year. In the same period last year, the company posted earnings per share of $1.74. On average, equities research analysts anticipate that MSC Industrial Direct will post 4.84 earnings per share for the current year.

MSC Industrial direct dividend announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 23rd. Shareholders of record on Tuesday, July 9th were given a $0.83 dividend. The ex-dividend date was Tuesday, July 9th. This represents a dividend of $3.32 on an annualized basis and a yield of 4.12%. MSC Industrial Direct’s dividend payout ratio (DPR) is currently 64.47%.

MSC Industrial Direct company profile

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MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes metalworking and maintenance, repair and operations (MRO) products and services in the United States, Canada, Mexico, the United Kingdom and internationally. The company’s MRO products include cutting tools, measuring instruments, tool components, metalworking products, fasteners, flat stock products, raw materials, abrasives, machine hand and power tools, safety and care supplies , plumbing supplies, material handling products, power transmission components, and electrical supplies.

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