MSC Industrial Direct Company, Inc. (NYSE:MSM) has earned an average recommendation of “Hold” from the eighteen research firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $89.55.

Several brokerages have recently weighed in on MSM. Northcoast Research began coverage on MSC Industrial Direct in a report on Tuesday, July 25th. They set a “neutral” rating on the stock. Zacks Investment Research upgraded MSC Industrial Direct from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. J P Morgan Chase & Co cut MSC Industrial Direct from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $80.00 to $76.00 in a report on Friday, August 4th. BidaskClub cut MSC Industrial Direct from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Finally, Stifel Nicolaus restated a “hold” rating and set a $88.00 target price (down from $92.00) on shares of MSC Industrial Direct in a report on Monday, June 12th.

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In other news, Director Philip Peller purchased 1,000 shares of MSC Industrial Direct stock in a transaction dated Wednesday, July 19th. The shares were purchased at an average price of $72.00 per share, with a total value of $72,000.00. Following the transaction, the director now owns 2,422 shares in the company, valued at $174,384. The purchase was disclosed in a document filed with the SEC, which is available through this link. 31.28% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in MSM. PNC Financial Services Group Inc. raised its stake in MSC Industrial Direct by 0.5% in the second quarter. PNC Financial Services Group Inc. now owns 1,577 shares of the industrial products company’s stock valued at $136,000 after buying an additional 8 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in MSC Industrial Direct by 0.3% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 6,882 shares of the industrial products company’s stock valued at $592,000 after buying an additional 22 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in MSC Industrial Direct by 0.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,580 shares of the industrial products company’s stock valued at $566,000 after buying an additional 29 shares during the last quarter. Northwestern Mutual Investment Management Company LLC raised its stake in MSC Industrial Direct by 0.4% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 7,729 shares of the industrial products company’s stock valued at $794,000 after buying an additional 34 shares during the last quarter. Finally, Morgan Dempsey Capital Management LLC raised its stake in MSC Industrial Direct by 3.5% in the first quarter. Morgan Dempsey Capital Management LLC now owns 1,093 shares of the industrial products company’s stock valued at $112,000 after buying an additional 37 shares during the last quarter. 76.83% of the stock is currently owned by hedge funds and other institutional investors.

MSC Industrial Direct (MSM) traded up 0.32% during trading on Friday, hitting $69.73. The stock had a trading volume of 308,440 shares. The company has a market cap of $3.97 billion, a price-to-earnings ratio of 17.39 and a beta of 0.50. The firm’s 50-day moving average price is $76.76 and its 200-day moving average price is $90.34. MSC Industrial Direct has a 52-week low of $68.43 and a 52-week high of $105.70.

MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings data on Wednesday, July 12th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.09. MSC Industrial Direct had a return on equity of 20.05% and a net margin of 8.07%. The company had revenue of $743.90 million for the quarter, compared to analysts’ expectations of $744.49 million. During the same period in the previous year, the firm posted $1.05 EPS. MSC Industrial Direct’s revenue was up 2.3% compared to the same quarter last year. Analysts predict that MSC Industrial Direct will post $3.98 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Tuesday, July 18th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend was Friday, July 14th. MSC Industrial Direct’s payout ratio is presently 45.11%.

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.

Analyst Recommendations for MSC Industrial Direct (NYSE:MSM)

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