MSC Industrial Direct (MSM) Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MSC Industrial Direct in the last twelve months. There are currently 3 hold ratings and 3 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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6 brokerages have issued 1 year price objectives for MSC Industrial Direct's stock. Their MSM share price forecasts range from $84.00 to $110.00. On average, they anticipate the company's stock price to reach $96.17 in the next twelve months. This suggests a possible upside of 1.1% from the stock's current price.
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MSC Industrial Direct's stock was trading at $81.70 on January 1st, 2023. Since then, MSM shares have increased by 16.4% and is now trading at $95.09.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 19th 2023.
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MSC Industrial Direct Co., Inc. (NYSE:MSM) announced its quarterly earnings data on Thursday, June, 29th. The industrial products company reported $1.74 EPS for the quarter, missing the consensus estimate of $1.75 by $0.01. The industrial products company earned $1.05 billion during the quarter, compared to analysts' expectations of $1.02 billion. MSC Industrial Direct had a net margin of 9.00% and a trailing twelve-month return on equity of 25.42%. The company's quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.82 earnings per share.

MSC Industrial Direct announced a quarterly dividend on Wednesday, June 21st. Shareholders of record on Tuesday, July 11th will be given a dividend of $0.79 per share on Tuesday, July 25th. This represents a $3.16 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend is Monday, July 10th.
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).

MSC Industrial Direct (NYSE:MSM) pays an annual dividend of $3.16 per share and currently has a dividend yield of 3.32%. The company has been increasing its dividend for 19 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 49.30%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MSM will have a dividend payout ratio of 49.76% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MSM.

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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "MSM."

MSC Industrial Direct's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (10.99%), State Street Corp (2.37%), Epoch Investment Partners Inc. (2.23%), Charles Schwab Investment Management Inc. (1.83%), Bank of New York Mellon Corp (1.60%) and Geode Capital Management LLC (1.56%). 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, 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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One share of MSM stock can currently be purchased for approximately $95.09.

MSC Industrial Direct (NYSE:MSM) has a market capitalization of $5.33 billion and generates $3.69 billion in revenue each year. The industrial products company earns $339.79 million in net income (profit) each year or $6.41 on an earnings per share basis.

The company employs 6,994 workers across the globe.

MSC Industrial Direct's mailing address is 75 MAXESS ROAD, MELVILLE NY, 11747. The official website for the company is www.mscdirect.com. The industrial products company can be reached via phone at (516) 812-2000, via email at cust_service@mscdirect.com, or via fax at 516-349-7096.