MSC Industrial Direct Co (NYSE: MSM) recently received a number of ratings updates from brokerages and research firms:

  • 4/19/2017 – MSC Industrial Direct Co was upgraded by analysts at Credit Suisse Group AG from a “neutral” rating to an “outperform” rating. They now have a $100.00 price target on the stock, up previously from $92.00.
  • 4/19/2017 – MSC Industrial Direct Co was upgraded by analysts at Raymond James Financial, Inc. from a “market perform” rating to a “buy” rating. They now have a $103.00 price target on the stock.
  • 4/11/2017 – MSC Industrial Direct Co was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “MSC Industrial Direct Company Inc. is one of the largest direct marketers of a broad range of industrial products to small and mid-sized industrial customers throughout the United States. The company distributes a full line of industrial products, such as cutting tools, abrasives, measuring instruments, machine tool accessories, safety equipment, fasteners, welding supplies and electrical supplies, intended to satisfy the customers’ maintenance, repair and operations supplies requirements. “
  • 4/8/2017 – MSC Industrial Direct Co was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $108.00 price target on the stock. According to Zacks, “MSC Industrial Direct Company Inc. is one of the largest direct marketers of a broad range of industrial products to small and mid-sized industrial customers throughout the United States. The company distributes a full line of industrial products, such as cutting tools, abrasives, measuring instruments, machine tool accessories, safety equipment, fasteners, welding supplies and electrical supplies, intended to satisfy the customers’ maintenance, repair and operations supplies requirements. “
  • 4/7/2017 – MSC Industrial Direct Co had its “sell” rating reaffirmed by analysts at Barclays PLC. They now have a $85.00 price target on the stock.
  • 4/4/2017 – MSC Industrial Direct Co had its “sector weight” rating reaffirmed by analysts at KeyCorp.
  • 3/15/2017 – MSC Industrial Direct Co was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “MSC Industrial Direct Company Inc. is one of the largest direct marketers of a broad range of industrial products to small and mid-sized industrial customers throughout the United States. The company distributes a full line of industrial products, such as cutting tools, abrasives, measuring instruments, machine tool accessories, safety equipment, fasteners, welding supplies and electrical supplies, intended to satisfy the customers’ maintenance, repair and operations supplies requirements. “
  • 2/23/2017 – MSC Industrial Direct Co had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $98.00 price target on the stock.

Shares of MSC Industrial Direct Co Inc (NYSE:MSM) traded up 0.19% on Thursday, reaching $88.62. The company’s stock had a trading volume of 756,370 shares. MSC Industrial Direct Co Inc has a 52-week low of $67.74 and a 52-week high of $105.70. The firm’s 50 day moving average is $99.02 and its 200-day moving average is $92.03. The stock has a market cap of $5.05 billion, a P/E ratio of 22.31 and a beta of 0.56.

MSC Industrial Direct Co (NYSE:MSM) last posted its quarterly earnings results on Thursday, April 6th. The industrial products company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.03. The company had revenue of $703.78 million for the quarter, compared to the consensus estimate of $697.85 million. MSC Industrial Direct Co had a return on equity of 18.33% and a net margin of 8.10%. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.80 EPS. On average, equities research analysts forecast that MSC Industrial Direct Co Inc will post $3.98 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 2nd. Investors of record on Tuesday, April 18th will be paid a $0.45 dividend. The ex-dividend date is Thursday, April 13th. This represents a $1.80 annualized dividend and a dividend yield of 2.03%. MSC Industrial Direct Co’s payout ratio is currently 47.12%.

In related news, Director Philip Peller sold 1,772 shares of the company’s stock in a transaction that occurred on Tuesday, January 24th. The stock was sold at an average price of $101.00, for a total value of $178,972.00. Following the sale, the director now owns 1,422 shares in the company, valued at approximately $143,622. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Denis F. Kelly sold 998 shares of the company’s stock in a transaction that occurred on Monday, January 23rd. The stock was sold at an average price of $100.30, for a total value of $100,099.40. Following the completion of the sale, the director now owns 11,198 shares in the company, valued at approximately $1,123,159.40. The disclosure for this sale can be found here. Insiders sold a total of 47,064 shares of company stock worth $4,884,382 in the last 90 days. 31.28% of the stock is currently owned by company insiders.

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.

5 Day Chart for NYSE:MSM

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