MSC Industrial Direct Co Inc (NYSE:MSM) – William Blair boosted their Q4 2018 earnings per share estimates for shares of MSC Industrial Direct in a report released on Friday. William Blair analyst R. Merkel now anticipates that the industrial products company will earn $1.40 per share for the quarter, up from their previous estimate of $1.24.

MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings results on Wednesday, January 10th. The industrial products company reported $1.05 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.01). MSC Industrial Direct had a net margin of 7.97% and a return on equity of 19.37%. The business had revenue of $768.60 million during the quarter, compared to the consensus estimate of $770.95 million. During the same quarter in the prior year, the firm posted $0.95 EPS. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year.

MSM has been the subject of several other research reports. Susquehanna Bancshares assumed coverage on shares of MSC Industrial Direct in a report on Monday, September 25th. They issued a “neutral” rating and a $77.00 price target for the company. KeyCorp reiterated a “hold” rating on shares of MSC Industrial Direct in a research note on Tuesday, October 17th. BMO Capital Markets reiterated a “market perform” rating and set a $83.00 price objective (up previously from $79.00) on shares of MSC Industrial Direct in a research note on Monday, October 9th. Gabelli upgraded shares of MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a research note on Friday, October 13th. Finally, Stephens set a $114.00 price objective on shares of MSC Industrial Direct and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $95.54.

MSC Industrial Direct (NYSE MSM) traded down $0.40 during trading hours on Monday, hitting $94.75. 691,000 shares of the stock traded hands, compared to its average volume of 975,500. MSC Industrial Direct has a twelve month low of $65.42 and a twelve month high of $105.70. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.04 and a current ratio of 1.92. The company has a market cap of $5,350.00, a price-to-earnings ratio of 22.83, a P/E/G ratio of 1.72 and a beta of 0.67.

A number of large investors have recently added to or reduced their stakes in the business. Leith Wheeler Investment Counsel Ltd. grew its position in MSC Industrial Direct by 5.5% during the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 22,407 shares of the industrial products company’s stock worth $2,166,000 after purchasing an additional 1,160 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of MSC Industrial Direct by 30.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 372,507 shares of the industrial products company’s stock valued at $28,150,000 after acquiring an additional 87,188 shares during the last quarter. GSA Capital Partners LLP boosted its holdings in shares of MSC Industrial Direct by 37.4% in the 3rd quarter. GSA Capital Partners LLP now owns 13,182 shares of the industrial products company’s stock valued at $996,000 after acquiring an additional 3,589 shares during the last quarter. DF Dent & Co. Inc. boosted its holdings in shares of MSC Industrial Direct by 37.5% in the 3rd quarter. DF Dent & Co. Inc. now owns 4,407 shares of the industrial products company’s stock valued at $333,000 after acquiring an additional 1,203 shares during the last quarter. Finally, California Public Employees Retirement System boosted its holdings in shares of MSC Industrial Direct by 6.3% in the 3rd quarter. California Public Employees Retirement System now owns 141,409 shares of the industrial products company’s stock valued at $10,686,000 after acquiring an additional 8,409 shares during the last quarter. 75.53% of the stock is currently owned by institutional investors.

In other MSC Industrial Direct news, Director Mitchell Jacobson sold 13,582 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $81.91, for a total transaction of $1,112,501.62. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Christopher Davanzo sold 12,046 shares of the business’s stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $93.43, for a total transaction of $1,125,457.78. Following the sale, the senior vice president now directly owns 12,432 shares in the company, valued at approximately $1,161,521.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 237,587 shares of company stock worth $19,390,269. 31.38% of the stock is owned by insiders.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 30th. Shareholders of record on Tuesday, January 16th will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend is Friday, January 12th. This is an increase from MSC Industrial Direct’s previous quarterly dividend of $0.48. MSC Industrial Direct’s payout ratio is currently 46.27%.

MSC Industrial Direct announced that its board has approved a stock repurchase plan on Wednesday, January 10th that allows the company to repurchase 2,000,000 outstanding shares. This repurchase authorization allows the industrial products company to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

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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.

Earnings History and Estimates for MSC Industrial Direct (NYSE:MSM)

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