MSC Industrial Direct (MSM) Stock Rating Reaffirmed by Raymond James Financial

Raymond James Financial reiterated their outperform rating on shares of MSC Industrial Direct (NYSE:MSM) in a research note published on Thursday, Marketbeat reports. Raymond James Financial currently has a $105.00 price target on the industrial products company’s stock, up from their prior price target of $95.00. The analysts noted that the move was a valuation call.

Several other equities analysts have also issued reports on the stock. UBS Group lowered shares of MSC Industrial Direct from a strong-buy rating to an outperform rating in a report on Thursday. Zacks Investment Research lowered shares of MSC Industrial Direct from a buy rating to a hold rating in a report on Thursday. Northcoast Research raised shares of MSC Industrial Direct from a neutral rating to a buy rating in a report on Friday, December 15th. Stifel Nicolaus reaffirmed a hold rating and issued a $93.00 price target on shares of MSC Industrial Direct in a report on Monday, December 11th. Finally, Credit Suisse Group set a $100.00 price target on shares of MSC Industrial Direct and gave the stock a buy rating in a report on Monday, December 4th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. MSC Industrial Direct has a consensus rating of Hold and a consensus price target of $92.25.

Shares of MSC Industrial Direct (NYSE:MSM) traded up $0.93 during mid-day trading on Thursday, reaching $98.38. 582,358 shares of the company traded hands, compared to its average volume of 606,400. The stock has a market capitalization of $5,495.30, a price-to-earnings ratio of 24.35, a price-to-earnings-growth ratio of 1.90 and a beta of 0.67. The company has a current ratio of 1.80, a quick ratio of 0.97 and a debt-to-equity ratio of 0.16. MSC Industrial Direct has a 12 month low of $65.42 and a 12 month high of $105.70.

MSC Industrial Direct (NYSE:MSM) last issued its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.08. The company had revenue of $753.80 million for the quarter, compared to analyst estimates of $745.80 million. MSC Industrial Direct had a net margin of 8.01% and a return on equity of 19.42%. MSC Industrial Direct’s revenue was up 1.2% compared to the same quarter last year. During the same period last year, the company posted $1.02 earnings per share. analysts anticipate that MSC Industrial Direct will post 4.45 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 30th. Stockholders of record on Tuesday, January 16th will be paid a dividend of $0.58 per share. This is an increase from MSC Industrial Direct’s previous quarterly dividend of $0.48. This represents a $2.32 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend is Friday, January 12th. MSC Industrial Direct’s payout ratio is presently 47.52%.

In other news, EVP Steven N. Baruch sold 5,762 shares of MSC Industrial Direct stock in a transaction on Monday, November 20th. The shares were sold at an average price of $81.25, for a total transaction of $468,162.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mitchell Jacobson sold 104,101 shares of MSC Industrial Direct stock in a transaction on Monday, November 20th. The stock was sold at an average price of $80.91, for a total transaction of $8,422,811.91. The disclosure for this sale can be found here. Insiders have sold 225,541 shares of company stock valued at $18,264,812 over the last quarter. Insiders own 31.38% of the company’s stock.

Large investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of MSC Industrial Direct by 8.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,539 shares of the industrial products company’s stock worth $132,000 after buying an additional 123 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of MSC Industrial Direct by 0.5% during the second quarter. PNC Financial Services Group Inc. now owns 1,577 shares of the industrial products company’s stock worth $136,000 after buying an additional 8 shares during the period. QS Investors LLC lifted its stake in shares of MSC Industrial Direct by 0.5% during the second quarter. QS Investors LLC now owns 1,749 shares of the industrial products company’s stock worth $150,000 after buying an additional 8 shares during the period. Zions Bancorporation acquired a new stake in shares of MSC Industrial Direct during the third quarter worth $150,000. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in shares of MSC Industrial Direct by 1,373.3% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 2,210 shares of the industrial products company’s stock worth $167,000 after buying an additional 2,060 shares during the period. Institutional investors and hedge funds own 75.55% of the company’s stock.

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MSC Industrial Direct Company Profile

MSC Industrial Direct Co, Inc is a North American distributor of metalworking and maintenance, repair and operations (MRO) products and services. The Company’s range of MRO products include cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock, raw materials, abrasives, machinery hand and power tools, safety and janitorial supplies, plumbing supplies, materials handling products, power transmission components and electrical supplies.

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