News stories about MSC Industrial Direct (NYSE:MSM) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. MSC Industrial Direct earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave news articles about the industrial products company an impact score of 46.9964757859771 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the news articles that may have effected Accern Sentiment Analysis’s rankings:

A number of equities analysts have issued reports on MSM shares. Zacks Investment Research upgraded shares of MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a research report on Thursday, June 8th. Raymond James Financial, Inc. upgraded shares of MSC Industrial Direct from a “market perform” rating to a “buy” rating and set a $103.00 price objective on the stock in a research report on Wednesday, April 19th. Stifel Nicolaus restated a “hold” rating and issued a $88.00 price objective (down previously from $92.00) on shares of MSC Industrial Direct in a research report on Monday, June 12th. BMO Capital Markets decreased their price objective on shares of MSC Industrial Direct from $98.00 to $87.00 and set a “market perform” rating on the stock in a research report on Friday, July 14th. Finally, Robert W. Baird restated a “neutral” rating and issued a $85.00 price objective (down previously from $92.00) on shares of MSC Industrial Direct in a research report on Thursday, July 13th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $90.85.

MSC Industrial Direct (NYSE:MSM) opened at 69.73 on Friday. MSC Industrial Direct has a 12 month low of $68.43 and a 12 month high of $105.70. The company’s 50 day moving average is $76.76 and its 200 day moving average is $90.34. The stock has a market cap of $3.97 billion, a PE ratio of 17.39 and a beta of 0.50.

MSC Industrial Direct (NYSE:MSM) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $744.49 million. During the same quarter last year, the business posted $1.05 EPS. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, analysts anticipate that MSC Industrial Direct will post $3.98 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Tuesday, July 18th were issued a dividend of $0.45 per share. The ex-dividend date was Friday, July 14th. This represents a $1.80 dividend on an annualized basis and a yield of 2.58%. MSC Industrial Direct’s payout ratio is 45.11%.

In related news, Director Philip Peller acquired 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 19th. The stock was bought at an average price of $72.00 per share, for a total transaction of $72,000.00. Following the acquisition, the director now directly owns 2,422 shares of the company’s stock, valued at approximately $174,384. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 31.28% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for MSC Industrial Direct (NYSE:MSM)

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