MSC Industrial Direct - MSM Stock Forecast, Price & News

MSC Industrial Direct Co., Inc., together with its subsidiaries, distributes metalworking and maintenance, repair, and operations (MRO) products and services in the United States, Canada, Mexico, and the United Kingdom. Its MRO products include 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. The company offers approximately 1.9 million stock-keeping units through its catalogs and brochures; e-commerce channels, including its Website, mscdirect.com; inventory management solutions; and call-centers and branches. It operates through a distribution network of 28 branch offices, 11 customer fulfilment centers, and seven regional inventory centers. The company serves individual machine shops, Fortune 1000 manufacturing companies, and government agencies, as well as manufacturers of various sizes. MSC Industrial Direct Co., Inc. was founded in 1941 and is headquartered in Melville, New York.

MSC Industrial Direct Price Performance

NYSE:MSM opened at $82.32 on Tuesday. The company has a current ratio of 2.37, a quick ratio of 1.27 and a debt-to-equity ratio of 0.41. The company has a fifty day simple moving average of $78.11 and a 200 day simple moving average of $80.50. The company has a market cap of $4.61 billion, a P/E ratio of 15.27, a P/E/G ratio of 2.67 and a beta of 1.04. MSC Industrial Direct has a 1 year low of $71.69 and a 1 year high of $87.99.

MSC Industrial Direct (NYSE:MSM - Get Rating) last released its earnings results on Wednesday, June 29th. The industrial products company reported $1.82 EPS for the quarter, beating the consensus estimate of $1.75 by $0.07. The firm had revenue of $958.60 million during the quarter, compared to analysts' expectations of $962.54 million. MSC Industrial Direct had a net margin of 8.62% and a return on equity of 25.72%. The business's quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.42 EPS. On average, sell-side analysts predict that MSC Industrial Direct will post 6.14 EPS for the current year.

MSC Industrial Direct Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 26th. Investors of record on Tuesday, July 12th were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 3.64%. The ex-dividend date was Monday, July 11th. MSC Industrial Direct's payout ratio is currently 55.66%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on MSM shares. Stephens cut their price target on shares of MSC Industrial Direct to $100.00 in a report on Monday, July 4th. Robert W. Baird cut their price target on shares of MSC Industrial Direct from $105.00 to $100.00 and set an "outperform" rating on the stock in a report on Thursday, June 30th. William Blair lowered shares of MSC Industrial Direct from an "outperform" rating to a "market perform" rating in a report on Wednesday, June 29th. Finally, StockNews.com upgraded shares of MSC Industrial Direct from a "hold" rating to a "buy" rating in a report on Tuesday, May 17th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, MSC Industrial Direct has a consensus rating of "Moderate Buy" and an average target price of $98.25.

Insider Activity at MSC Industrial Direct

In other news, EVP Steven N. Baruch sold 7,500 shares of the stock in a transaction on Friday, July 29th. The shares were sold at an average price of $82.27, for a total value of $617,025.00. Following the completion of the transaction, the executive vice president now owns 12,641 shares in the company, valued at approximately $1,039,975.07. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, Director Mitchell Jacobson bought 200,000 shares of the company's stock in a transaction that occurred on Wednesday, July 13th. The stock was acquired at an average price of $72.25 per share, for a total transaction of $14,450,000.00. Following the transaction, the director now directly owns 272,450 shares of the company's stock, valued at approximately $19,684,512.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Steven N. Baruch sold 7,500 shares of the stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $82.27, for a total transaction of $617,025.00. Following the sale, the executive vice president now owns 12,641 shares of the company's stock, valued at approximately $1,039,975.07. The disclosure for this sale can be found here. Corporate insiders own 28.28% of the company's stock.