MSC Industrial Direct Company, Inc. (NYSE:MSM – Get Free Report) has been assigned an average rating of “Moderate Buy” from the nine ratings firms that are presently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $127.62.
A number of equities research analysts recently weighed in on MSM shares. KeyCorp lifted their price objective on shares of MSC Industrial Direct from $132.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, July 1st. Jefferies Financial Group set a $130.00 target price on shares of MSC Industrial Direct in a research note on Wednesday, July 1st. DA Davidson set a $155.00 target price on shares of MSC Industrial Direct in a research note on Tuesday, October 13th. Barclays started coverage on shares of MSC Industrial Direct in a research report on Tuesday, October 13th. They set an “overweight” rating and a $152.00 target price on the stock. Finally, Wolfe Research initiated coverage on shares of MSC Industrial Direct in a research note on Tuesday, September 15th. They set a “peer perform” rating for the company.
Read Our Latest Analysis on MSM
MSC Industrial Direct Trading Down 0.2%
NYSE MSM opened at $130.17 on Wednesday. The company’s 50-day moving average price is $123.04 and its 200-day moving average price is $115.55. The company has a current ratio of 1.55, a quick ratio of 0.72 and a debt-to-equity ratio of 0.06. The stock has a market cap of $7.27 billion, a PE ratio of 31.44 and a beta of 0.82. MSC Industrial Direct has a 12 month low of $78.80 and a 12 month high of $133.65.
MSC Industrial Direct Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Wednesday, November 11th will be paid a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 2.7%. This is an increase from MSC Industrial Direct’s previous quarterly dividend of $0.87. The ex-dividend date of this dividend is Tuesday, November 10th. MSC Industrial Direct’s payout ratio is currently 84.06%.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. IFP Advisors Inc boosted its stake in shares of MSC Industrial Direct by 529.7% during the third quarter. IFP Advisors Inc now owns 636 shares of the industrial products company’s stock valued at $79,000 after purchasing an additional 535 shares in the last quarter. USA Financial Formulas purchased a new position in MSC Industrial Direct during the third quarter valued at approximately $148,000. Pension & Wealth Management Advisors Inc. purchased a new position in MSC Industrial Direct during the third quarter valued at approximately $32,000. Curated Wealth Partners LLC bought a new position in MSC Industrial Direct in the third quarter worth approximately $221,000. Finally, Krilogy Financial LLC raised its stake in MSC Industrial Direct by 58.8% in the third quarter. Krilogy Financial LLC now owns 5,029 shares of the industrial products company’s stock worth $647,000 after buying an additional 1,863 shares in the last quarter. 79.26% of the stock is currently owned by hedge funds and other institutional investors.
MSC Industrial Direct Company Profile
MSC Industrial Direct Co, Inc is a distributor of metalworking and industrial products serving manufacturers and other organizations across North America. The company provides products used in maintenance, repair and operations, including cutting tools, abrasives, tooling components, fasteners, safety equipment, material handling supplies, and janitorial and facility-maintenance products.
MSC serves customers through an omnichannel platform that includes e-commerce, sales representatives, customer service teams, catalogs, and branch locations.
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