A number of firms have modified their ratings and price targets on shares of MSC Industrial Direct (NYSE: MSM) recently:

  • 1/10/2018 – MSC Industrial Direct was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $110.00 price target on the stock. According to Zacks, “MSC Industrial Direct Co., Inc., together with its subsidiaries, markets and distributes various ranges of metalworking and maintenance, repair, and operations (MRO) products primarily in the United States, Canada, and the United Kingdom. The company’s MRO products comprise 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. It offers approximately 1,000,000 stock-keeping units through its master catalogs; weekly, monthly, and quarterly specialty and promotional catalogs; brochures; and the Internet, such as its Websites comprising mscdirect.com and use-enco.com. The company serves primarily through its distribution network of 85 branch offices and 12 customer fulfillment centers. “
  • 1/9/2018 – MSC Industrial Direct had its “outperform” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $112.00 price target on the stock, up previously from $100.00.
  • 1/4/2018 – MSC Industrial Direct had its “outperform” rating reaffirmed by analysts at Raymond James Financial, Inc.. They now have a $105.00 price target on the stock, up previously from $95.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 1/4/2018 – MSC Industrial Direct was downgraded by analysts at UBS Group AG from a “strong-buy” rating to an “outperform” rating.
  • 1/4/2018 – MSC Industrial Direct was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “MSC Industrial Direct Co., Inc., together with its subsidiaries, markets and distributes various ranges of metalworking and maintenance, repair, and operations (MRO) products primarily in the United States, Canada, and the United Kingdom. The company’s MRO products comprise 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. It offers approximately 1,000,000 stock-keeping units through its master catalogs; weekly, monthly, and quarterly specialty and promotional catalogs; brochures; and the Internet, such as its Websites comprising mscdirect.com and use-enco.com. The company serves primarily through its distribution network of 85 branch offices and 12 customer fulfillment centers. “
  • 1/3/2018 – MSC Industrial Direct had its “hold” rating reaffirmed by analysts at Susquehanna Bancshares Inc. They now have a $92.00 price target on the stock.
  • 1/3/2018 – MSC Industrial Direct 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 Co., Inc., together with its subsidiaries, markets and distributes various ranges of metalworking and maintenance, repair, and operations (MRO) products primarily in the United States, Canada, and the United Kingdom. The company’s MRO products comprise 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. It offers approximately 1,000,000 stock-keeping units through its master catalogs; weekly, monthly, and quarterly specialty and promotional catalogs; brochures; and the Internet, such as its Websites comprising mscdirect.com and use-enco.com. The company serves primarily through its distribution network of 85 branch offices and 12 customer fulfillment centers. “
  • 12/15/2017 – MSC Industrial Direct was upgraded by analysts at Northcoast Research from a “neutral” rating to a “buy” rating.
  • 12/11/2017 – MSC Industrial Direct had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $93.00 price target on the stock.
  • 12/4/2017 – MSC Industrial Direct was given a new $100.00 price target on by analysts at Credit Suisse Group AG. They now have a “buy” rating on the stock.
  • 11/28/2017 – MSC Industrial Direct was upgraded by analysts at TheStreet from a “c+” rating to a “b-” rating.

MSC Industrial Direct Co Inc (NYSE MSM) opened at $92.53 on Thursday. The company has a market capitalization of $5,220.00, a P/E ratio of 22.90, a P/E/G ratio of 1.90 and a beta of 0.67. The company has a current ratio of 1.80, a quick ratio of 0.97 and a debt-to-equity ratio of 0.16. MSC Industrial Direct Co Inc has a 52-week low of $65.42 and a 52-week high of $105.70.

MSC Industrial Direct (NYSE:MSM) last released 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). The company had revenue of $768.60 million for the quarter, compared to analyst estimates of $770.95 million. MSC Industrial Direct had a return on equity of 19.42% and a net margin of 8.01%. The business’s revenue was up 12.0% on a year-over-year basis. During the same period last year, the firm posted $0.95 earnings per share. analysts predict that MSC Industrial Direct Co Inc will post 4.45 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 30th. Shareholders of record on Tuesday, January 16th will be issued a dividend of $0.58 per share. 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. This represents a $2.32 annualized dividend and a yield of 2.51%. MSC Industrial Direct’s payout ratio is currently 47.52%.

In related news, EVP Steven N. Baruch sold 5,762 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $81.25, for a total transaction of $468,162.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mitchell Jacobson sold 104,101 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $80.91, for a total value of $8,422,811.91. The disclosure for this sale can be found here. Insiders have sold a total of 225,541 shares of company stock worth $18,264,812 over the last 90 days. 31.38% of the stock is 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.

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