MSC Industrial Direct Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MSC Industrial Direct in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" MSC Industrial Direct stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MSM, but not buy additional shares or sell existing shares.
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Wall Street analysts have given MSC Industrial Direct a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but MSC Industrial Direct wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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MSC Industrial Direct saw a decrease in short interest during the month of May. As of May 28th, there was short interest totaling 1,560,000 shares, a decrease of 14.8% from the May 13th total of 1,830,000 shares. Based on an average trading volume of 378,900 shares, the short-interest ratio is currently 4.1 days. Approximately 3.4% of the company's stock are short sold.
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MSC Industrial Direct is scheduled to release its next quarterly earnings announcement on Wednesday, July 7th 2021.
View our earnings forecast for MSC Industrial Direct.

MSC Industrial Direct will be holding an earnings conference call on Wednesday, July 7th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

MSC Industrial Direct Co., Inc. (NYSE:MSM) announced its quarterly earnings data on Tuesday, April, 6th. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.01. The industrial products company earned $774 million during the quarter, compared to analysts' expectations of $778.77 million. MSC Industrial Direct had a net margin of 5.97% and a trailing twelve-month return on equity of 21.19%. The company's revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.00 EPS.
View MSC Industrial Direct's earnings history.

MSC Industrial Direct's stock was trading at $53.36 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, MSM shares have increased by 67.5% and is now trading at $89.37.
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MSC Industrial Direct announced a quarterly dividend on Thursday, April 1st. Investors of record on Tuesday, April 13th will be paid a dividend of $0.75 per share on Tuesday, April 27th. This represents a $3.00 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend is Monday, April 12th.
View MSC Industrial Direct's dividend history.

MSC Industrial Direct pays an annual dividend of $3.00 per share and currently has a dividend yield of 3.43%. MSC Industrial Direct does not yet have a strong track record of dividend growth. The dividend payout ratio of MSC Industrial Direct is 63.29%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MSC Industrial Direct will have a dividend payout ratio of 57.69% next year. This indicates that MSC Industrial Direct will be able to sustain or increase its dividend.
View MSC Industrial Direct's dividend history.

7 brokerages have issued twelve-month price targets for MSC Industrial Direct's stock. Their forecasts range from $70.00 to $105.00. On average, they expect MSC Industrial Direct's share price to reach $89.00 in the next year. This suggests that the stock has a possible downside of 0.4%.
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274 employees have rated MSC Industrial Direct CEO Erik Gershwind on Glassdoor.com. Erik Gershwind has an approval rating of 70% among MSC Industrial Direct's employees.

Some companies that are related to MSC Industrial Direct include Fastenal (FAST), W.W. Grainger (GWW), United Rentals (URI), Watsco (WSO), WESCO International (WCC), Air Lease (AL), Beacon Roofing Supply (BECN), Applied Industrial Technologies (AIT), GATX (GATX), Rush Enterprises (RUSHA), Textainer Group (TGH), Kaman (KAMN), H&E Equipment Services (HEES), MRC Global (MRC) and Titan Machinery (TITN).
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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 retail and institutional investors. Top institutional investors include BlackRock Inc. (7.80%), Yacktman Asset Management LP (2.30%), New South Capital Management Inc. (2.28%), Janus Henderson Group PLC (2.17%), Sprucegrove Investment Management Ltd. (1.68%) and Paradice Investment Management LLC (1.55%). Company insiders that own MSC Industrial Direct stock include Charles Bonomo, Douglas E Jones, Edward F Martin, Jr, Gregory Polli, Kari D Heerdt, Louise K Goeser, Mitchell Jacobson, Philip Peller, Rustom Jilla and Steve Armstrong.
View institutional ownership trends for MSC Industrial Direct.

MSM stock was sold by a variety of institutional investors in the last quarter, including Acadian Asset Management LLC, Sprucegrove Investment Management Ltd., Prudential Financial Inc., Morgan Stanley, Millennium Management LLC, Disciplined Growth Investors Inc. MN, Veritas Asset Management LLP, and Bank of New York Mellon Corp. Company insiders that have sold MSC Industrial Direct company stock in the last year include Charles Bonomo, Douglas E Jones, Edward F Martin, Jr, Gregory Polli, Kari D Heerdt, Louise K Goeser, Philip Peller, and Steve Armstrong.
View insider buying and selling activity for MSC Industrial Direct or view top insider-selling stocks.

MSM stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Nitorum Capital L.P., Clearbridge Investments LLC, Alliancebernstein L.P., SG Americas Securities LLC, Royce & Associates LP, Janus Henderson Group PLC, and Mirae Asset Global Investments Co. Ltd.. Company insiders that have bought MSC Industrial Direct stock in the last two years include Louise K Goeser, and Mitchell Jacobson.
View insider buying and selling activity for MSC Industrial Direct or or view top insider-buying stocks.

Shares of MSM 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 $89.37.

MSC Industrial Direct has a market capitalization of $5.00 billion and generates $3.19 billion in revenue each year. The industrial products company earns $251.76 million in net income (profit) each year or $4.74 on an earnings per share basis.

MSC Industrial Direct employs 6,315 workers across the globe.

The following companies are subsidiares of MSC Industrial Direct: Accurate Component Sales Inc., Accurate Holding Inc., All Integrated Solutions, All Tool Sales Inc., American Specialty Grinding Co. Inc., American Tool Supply, Barnes Group - North American distribution business, Deco Tool Supply, Deco Tool an MSC Company LLC, Great Lake Fasteners Corporation, J&L America Inc., J&L Industrial Supply, MSC Acquisition Corp III, MSC Acquisition Corp VI, MSC Acquisition Corp VII, MSC Acquisition Subsidiary LLC, MSC Contract Management Inc., MSC Foreign Properties Corporation, MSC Import Export LLC, MSC Industrial Supply License Holder 1, MSC Industrial Supply S.de.R.L. de C.V, MSC Industrial Supply ULC, MSC Services Corp., Mission Real Estate Acquisition Company, Primeline International Inc., Rutland Tool & Supply Co., Sid Tool Co. Inc., and Swiss Precision Instruments Inc..

MSC Industrial Direct was founded in 1941.

The official website for MSC Industrial Direct is www.mscdirect.com.

MSC Industrial Direct is headquartered at 75 MAXESS ROAD, MELVILLE NY, 11747.

MSC Industrial Direct's mailing address is 75 MAXESS ROAD, MELVILLE NY, 11747. The industrial products company can be reached via phone at 516-812-2000 or via email at [email protected]