Shares of MSC Industrial Direct Company, Inc. (NYSE:MSM – Get Free Report) have earned a consensus recommendation of “Hold” from the nine analysts that are covering the stock, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $94.2857.
MSM has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $95.00 price objective on shares of MSC Industrial Direct in a research report on Friday, February 6th. KeyCorp raised shares of MSC Industrial Direct from a “sector weight” rating to an “overweight” rating and set a $117.00 price objective for the company in a research report on Monday, April 27th. Wall Street Zen cut shares of MSC Industrial Direct from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MSC Industrial Direct in a research report on Monday, April 27th. Finally, iA Financial set a $95.00 price objective on shares of MSC Industrial Direct in a research report on Friday, February 6th.
View Our Latest Research Report on MSM
MSC Industrial Direct Trading Up 0.7%
MSC Industrial Direct (NYSE:MSM – Get Free Report) last released its quarterly earnings data on Wednesday, April 1st. The industrial products company reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.02). MSC Industrial Direct had a return on equity of 16.06% and a net margin of 5.42%.The company had revenue of $917.77 million for the quarter, compared to the consensus estimate of $931.69 million. During the same period last year, the firm earned $0.72 earnings per share. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. Equities analysts anticipate that MSC Industrial Direct will post 4.34 EPS for the current year.
MSC Industrial Direct Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 8th were issued a dividend of $0.87 per share. The ex-dividend date of this dividend was Wednesday, April 8th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 3.3%. MSC Industrial Direct’s dividend payout ratio (DPR) is currently 93.55%.
Institutional Investors Weigh In On MSC Industrial Direct
A number of hedge funds and other institutional investors have recently modified their holdings of MSM. Quent Capital LLC acquired a new stake in shares of MSC Industrial Direct during the third quarter worth $31,000. Hantz Financial Services Inc. lifted its holdings in shares of MSC Industrial Direct by 257.4% during the third quarter. Hantz Financial Services Inc. now owns 361 shares of the industrial products company’s stock worth $33,000 after buying an additional 260 shares in the last quarter. First Horizon Corp lifted its holdings in shares of MSC Industrial Direct by 101.0% during the first quarter. First Horizon Corp now owns 400 shares of the industrial products company’s stock worth $37,000 after buying an additional 201 shares in the last quarter. Quarry LP raised its stake in 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 purchasing an additional 210 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in MSC Industrial Direct in the fourth quarter valued at about $48,000. Institutional investors and hedge funds own 79.26% of the company’s stock.
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.
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