MSC Industrial Direct Stock Price, News & Analysis (NYSE:MSM)

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MSC Industrial Direct in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MSM shares.
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5 equities research analysts have issued 12-month price objectives for MSC Industrial Direct's shares. Their MSM share price targets range from $89.00 to $124.00. On average, they predict the company's share price to reach $105.60 in the next year. This suggests a possible upside of 8.8% from the stock's current price.
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MSC Industrial Direct's stock was trading at $81.70 at the beginning of 2023. Since then, MSM stock has increased by 18.8% and is now trading at $97.04.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, January 4th 2024.
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MSC Industrial Direct Co., Inc. (NYSE:MSM) released its earnings results on Wednesday, October, 25th. The industrial products company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.62 by $0.02. The industrial products company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.01 billion. MSC Industrial Direct had a trailing twelve-month return on equity of 24.29% and a net margin of 8.56%. The company's revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the business earned $1.79 earnings per share.

MSC Industrial Direct announced a quarterly dividend on Wednesday, October 11th. Shareholders of record on Tuesday, November 14th will be paid a dividend of $0.83 per share on Tuesday, November 28th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date of this dividend is Monday, November 13th. This is an increase from the stock's previous quarterly dividend of $0.79.
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MSC Industrial Direct (NYSE:MSM) pays an annual dividend of $3.32 per share and currently has a dividend yield of 3.36%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 54.34%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MSM will have a dividend payout ratio of 48.97% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MSM.

ETFs with the largest weight of MSC Industrial Direct (NYSE:MSM) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), WBI BullBear Yield 3000 ETF (WBIG), Sound Equity Dividend Income ETF (DIVY), Sound Equity Income ETF (SDEI), USCF Dividend Income Fund (UDI), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), KFA Value Line Dynamic Core Equity Index ETF (KVLE) and Invesco S&P MidCap Low Volatility ETF (XMLV).

274 employees have rated MSC Industrial Direct Chief Executive Officer Erik Gershwind on Glassdoor.com. Erik Gershwind has an approval rating of 70% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other MSC Industrial Direct investors own include Pfizer (PFE), Exxon Mobil (XOM), AT&T (T), International Business Machines (IBM), Cisco Systems (CSCO), Intel (INTC), AbbVie (ABBV), Bristol-Myers Squibb (BMY), 3M (MMM) and Verizon Communications (VZ).

MSC Industrial Direct's stock is owned by many different retail and institutional investors. Top institutional shareholders include American Century Companies Inc. (3.85%), Epoch Investment Partners Inc. (2.11%), Charles Schwab Investment Management Inc. (1.89%), Bank of New York Mellon Corp (1.54%), New South Capital Management Inc. (1.44%) and AQR Capital Management LLC (1.35%). Insiders that own company stock include Charles Bonomo, Douglas E Jones, Douglas E Jones, Edward F Martin, Jr, Elizabeth Bledsoe, Erik Gershwind, Gregory Polli, Kari D Heerdt, Kimberly Shacklett, Kristen Actis-Grande, Louise K Goeser, Mitchell Jacobson, Philip Peller, Steve Armstrong and Steven N Baruch.
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Shares of MSM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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