MSC Industrial Direct Company, Inc. (NYSE:MSM) has received a consensus rating of “Hold” from the eighteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $87.91.

MSM has been the subject of several research analyst reports. KeyCorp reiterated a “hold” rating on shares of MSC Industrial Direct in a research note on Tuesday, October 17th. Zacks Investment Research cut MSC Industrial Direct from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Gabelli upgraded MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a research note on Friday, October 13th. BMO Capital Markets reiterated a “market perform” rating and set a $83.00 target price (up from $79.00) on shares of MSC Industrial Direct in a research note on Monday, October 9th. Finally, Credit Suisse Group set a $93.00 target price on MSC Industrial Direct and gave the company a “buy” rating in a research note on Friday, October 6th.

Shares of MSC Industrial Direct (MSM) traded down 1.08% during mid-day trading on Wednesday, reaching $76.68. 503,110 shares of the company traded hands. The company has a market capitalization of $4.37 billion, a P/E ratio of 19.12 and a beta of 0.54. The firm’s 50 day moving average price is $74.65 and its 200-day moving average price is $79.07. MSC Industrial Direct has a 52-week low of $65.42 and a 52-week high of $105.70.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 28th. Investors of record on Tuesday, November 14th will be given a dividend of $0.48 per share. This is a positive change from MSC Industrial Direct’s previous quarterly dividend of $0.45. This represents a $1.92 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Monday, November 13th. MSC Industrial Direct’s dividend payout ratio is currently 45.11%.

Several hedge funds have recently bought and sold shares of MSM. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of MSC Industrial Direct by 8.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,539 shares of the industrial products company’s stock valued at $132,000 after acquiring an additional 123 shares in the last quarter. PNC Financial Services Group Inc. increased its position 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 worth $136,000 after buying an additional 8 shares during the period. QS Investors LLC increased its position in MSC Industrial Direct by 0.5% in 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. Benjamin F. Edwards & Company Inc. increased its position in MSC Industrial Direct by 1,373.3% in 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. Finally, Numeric Investors LLC acquired a new stake in MSC Industrial Direct in the second quarter worth $206,000. 74.57% of the stock is currently owned by institutional investors and hedge funds.

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About MSC Industrial Direct

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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