BidaskClub lowered shares of MSC Industrial Direct Company, Inc. (NYSE:MSM) from a sell rating to a strong sell rating in a report published on Friday morning.

A number of other equities research analysts also recently weighed in on the stock. Northcoast Research assumed coverage on shares of MSC Industrial Direct in a research note on Tuesday, July 25th. They issued a neutral rating on the stock. BMO Capital Markets reduced their price target on shares of MSC Industrial Direct from $98.00 to $87.00 and set a market perform rating on the stock in a research note on Friday, July 14th. Stifel Nicolaus restated a hold rating and issued a $78.00 price target (down from $88.00) on shares of MSC Industrial Direct in a research note on Friday, July 14th. Zacks Investment Research downgraded shares of MSC Industrial Direct from a buy rating to a hold rating in a research note on Friday, July 14th. Finally, Robert W. Baird restated a neutral rating and issued a $85.00 price target (down from $92.00) on shares of MSC Industrial Direct in a research note on Thursday, July 13th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the stock. MSC Industrial Direct currently has an average rating of Hold and a consensus price target of $92.00.

MSC Industrial Direct (NYSE:MSM) traded down 0.38% during trading on Friday, reaching $70.94. 145,564 shares of the company’s stock were exchanged. MSC Industrial Direct has a 52-week low of $69.96 and a 52-week high of $105.70. The firm has a market cap of $4.04 billion, a P/E ratio of 17.69 and a beta of 0.54. The stock’s 50 day moving average price is $80.32 and its 200 day moving average price is $92.08.

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

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The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 1st. Stockholders of record on Tuesday, July 18th will be given a $0.45 dividend. The ex-dividend date is Friday, July 14th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.53%. MSC Industrial Direct’s dividend payout ratio (DPR) is currently 45.11%.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of MSC Industrial Direct by 0.9% in the first quarter. Vanguard Group Inc. now owns 4,450,313 shares of the industrial products company’s stock worth $457,315,000 after buying an additional 37,928 shares during the period. BlackRock Inc. increased its position in shares of MSC Industrial Direct by 7,681.5% in the first quarter. BlackRock Inc. now owns 3,725,557 shares of the industrial products company’s stock worth $382,836,000 after buying an additional 3,677,680 shares during the period. FMR LLC increased its position in shares of MSC Industrial Direct by 72.5% in the first quarter. FMR LLC now owns 3,074,574 shares of the industrial products company’s stock worth $315,943,000 after buying an additional 1,292,581 shares during the period. State Street Corp increased its position in shares of MSC Industrial Direct by 1.7% in the first quarter. State Street Corp now owns 1,203,471 shares of the industrial products company’s stock worth $123,670,000 after buying an additional 20,473 shares during the period. Finally, AQR Capital Management LLC increased its position in shares of MSC Industrial Direct by 35.6% in the first quarter. AQR Capital Management LLC now owns 900,428 shares of the industrial products company’s stock worth $92,528,000 after buying an additional 236,604 shares during the period. Hedge funds and other institutional investors own 76.91% of the company’s stock.

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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