Stephens Analysts Give MSC Industrial Direct (NYSE:MSM) a $82.00 Price Target

Stephens set a $82.00 price target on MSC Industrial Direct (NYSE:MSM) in a research note published on Monday morning, Stock Target Advisor reports. The brokerage currently has a hold rating on the industrial products company’s stock.

Other research analysts have also recently issued reports about the company. ValuEngine raised VESTAS WIND SYS/ADR from a hold rating to a buy rating in a report on Thursday, May 9th. Robert W. Baird lifted their price objective on Atlassian from $110.00 to $120.00 and gave the company an outperform rating in a report on Thursday, April 11th. Northcoast Research reissued a buy rating on shares of MSC Industrial Direct in a report on Thursday, April 11th. William Blair reissued a market perform rating on shares of Luminex in a report on Tuesday, May 7th. Finally, Gordon Haskett cut MSC Industrial Direct from a buy rating to a hold rating and set a $72.02 price objective for the company. in a report on Monday, June 10th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of Hold and an average target price of $82.80.

Shares of NYSE MSM opened at $71.08 on Monday. The company has a market capitalization of $4.02 billion, a PE ratio of 13.99, a PEG ratio of 1.33 and a beta of 0.95. The firm’s fifty day moving average is $72.40. MSC Industrial Direct has a 52-week low of $67.25 and a 52-week high of $90.25. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.18 and a current ratio of 2.19.

MSC Industrial Direct (NYSE:MSM) last issued its quarterly earnings data on Wednesday, July 10th. The industrial products company reported $1.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.50 by ($0.05). The company had revenue of $866.50 million for the quarter, compared to the consensus estimate of $881.62 million. MSC Industrial Direct had a net margin of 8.88% and a return on equity of 21.20%. The firm’s revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.39 earnings per share. Equities analysts forecast that MSC Industrial Direct will post 5.54 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 6th. Investors of record on Tuesday, July 23rd will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 4.22%. This is a boost from MSC Industrial Direct’s previous quarterly dividend of $0.63. The ex-dividend date is Monday, July 22nd. MSC Industrial Direct’s payout ratio is currently 49.61%.

In related news, EVP Steven N. Baruch sold 5,404 shares of MSC Industrial Direct stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $82.00, for a total value of $443,128.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Douglas E. Jones sold 2,126 shares of MSC Industrial Direct stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $83.50, for a total value of $177,521.00. Following the completion of the transaction, the executive vice president now directly owns 7,496 shares of the company’s stock, valued at $625,916. The disclosure for this sale can be found here. Insiders own 27.96% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Investors Research Corp acquired a new stake in MSC Industrial Direct in the first quarter worth about $25,000. Quadrant Capital Group LLC increased its position in MSC Industrial Direct by 1,212.1% in the first quarter. Quadrant Capital Group LLC now owns 761 shares of the industrial products company’s stock worth $60,000 after purchasing an additional 703 shares during the period. PNC Financial Services Group Inc. increased its position in MSC Industrial Direct by 25.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,151 shares of the industrial products company’s stock worth $89,000 after purchasing an additional 231 shares during the period. NumerixS Investment Technologies Inc increased its position in MSC Industrial Direct by 71.4% in the first quarter. NumerixS Investment Technologies Inc now owns 1,200 shares of the industrial products company’s stock worth $98,000 after purchasing an additional 500 shares during the period. Finally, ETF Managers Group LLC increased its position in MSC Industrial Direct by 9.8% in the first quarter. ETF Managers Group LLC now owns 1,592 shares of the industrial products company’s stock worth $132,000 after purchasing an additional 142 shares during the period. 76.11% of the stock is owned by institutional investors and hedge funds.

About MSC Industrial Direct

MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes metalworking and maintenance, repair, and operations (MRO) products 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 products, raw materials, abrasives, machinery hand and power tools, safety and janitorial supplies, plumbing supplies, materials handling products, power transmission components, and electrical supplies.

See Also: Why do companies issue stock splits?

Analyst Recommendations for MSC Industrial Direct (NYSE:MSM)

Receive News & Ratings for MSC Industrial Direct Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MSC Industrial Direct and related companies with MarketBeat.com's FREE daily email newsletter.