MSC Industrial Direct Co., Inc. (NYSE:MSM – Get Rating) introduced a quarterly dividend on Friday, December sixteenth, Zacks reviews. Traders of document on Tuesday, January tenth will likely be paid a dividend of 0.79 per share by the economic merchandise firm on Tuesday, January twenty fourth. This represents a $3.16 dividend on an annualized foundation and a dividend yield of 4.03%. The ex-dividend date is Monday, January ninth.
MSC Industrial Direct has decreased its dividend by a mean of 26.9% per yr during the last three years and has raised its dividend yearly for the final 19 consecutive years. MSC Industrial Direct has a payout ratio of 52.1% indicating that its dividend is sufficiently lined by earnings. Analysts count on MSC Industrial Direct to earn $6.13 per share subsequent yr, which suggests the corporate ought to proceed to have the ability to cowl its $3.16 annual dividend with an anticipated future payout ratio of 51.5%.
MSC Industrial Direct Inventory Efficiency
NYSE MSM opened at $78.36 on Friday. MSC Industrial Direct has a 1-year low of $71.32 and a 1-year excessive of $87.99. The corporate has a 50 day shifting common of $83.22 and a 200-day shifting common of $79.86. The corporate has a present ratio of two.14, a fast ratio of 1.14 and a debt-to-equity ratio of 0.32. The agency has a market cap of $4.38 billion, a price-to-earnings ratio of 12.36, a PEG ratio of two.54 and a beta of 1.02.
MSC Industrial Direct (NYSE:MSM – Get Rating) final launched its quarterly earnings outcomes on Thursday, October twentieth. The economic merchandise firm reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.02. The agency had income of $1.02 billion in the course of the quarter, in comparison with analysts’ expectations of $1 billion. MSC Industrial Direct had a return on fairness of 26.97% and a web margin of 9.34%. The enterprise’s income was up 23.0% on a year-over-year foundation. Throughout the identical interval final yr, the agency posted $1.26 EPS. On common, equities analysts forecast that MSC Industrial Direct will put up 6.07 earnings per share for the present fiscal yr.
Analyst Rankings Modifications
A number of analysis analysts not too long ago issued reviews on the inventory. Jefferies Monetary Group reiterated a “maintain” score and set a $84.00 value goal on shares of MSC Industrial Direct in a analysis report on Monday, October seventeenth. StockNews.com assumed protection on shares of MSC Industrial Direct in a analysis word on Wednesday, October twelfth. They set a “purchase” score on the inventory. KeyCorp dropped their value goal on shares of MSC Industrial Direct from $100.00 to $93.00 and set an “chubby” score for the corporate in a analysis report on Friday, October 14th. Lastly, Robert W. Baird elevated their value goal on MSC Industrial Direct from $92.00 to $95.00 in a analysis report on Friday. Two analysis analysts have rated the inventory with a maintain score and three have issued a purchase score to the corporate. Based on information from MarketBeat, the inventory has a mean score of “Reasonable Purchase” and a consensus value goal of $93.00.
Insider Shopping for and Promoting
In different MSC Industrial Direct information, CEO Erik Gershwind bought 50,000 shares of the agency’s inventory in a transaction that occurred on Tuesday, November twenty second. The shares had been bought at a mean value of $85.18, for a complete worth of $4,259,000.00. Following the transaction, the chief government officer now instantly owns 463,723 shares of the corporate’s inventory, valued at $39,499,925.14. The sale was disclosed in a authorized submitting with the SEC, which is out there via this hyperlink. 28.39% of the inventory is at the moment owned by insiders.
Institutional Inflows and Outflows
A number of hedge funds and different institutional traders have not too long ago made adjustments to their positions in MSM. Point72 Hong Kong Ltd boosted its holdings in MSC Industrial Direct by 224.5% in the course of the first quarter. Point72 Hong Kong Ltd now owns 1,441 shares of the economic merchandise firm’s inventory price $123,000 after shopping for a further 997 shares over the last quarter. PNC Monetary Companies Group Inc. boosted its stake in MSC Industrial Direct by 115.7% in the course of the 1st quarter. PNC Monetary Companies Group Inc. now owns 1,514 shares of the economic merchandise firm’s inventory price $128,000 after buying a further 812 shares over the last quarter. Covestor Ltd grew its holdings in MSC Industrial Direct by 89.5% in the course of the first quarter. Covestor Ltd now owns 1,891 shares of the economic merchandise firm’s inventory valued at $161,000 after buying a further 893 shares in the course of the interval. Quantbot Applied sciences LP purchased a brand new stake in MSC Industrial Direct within the first quarter valued at roughly $239,000. Lastly, EHP Funds Inc. acquired a brand new stake in MSC Industrial Direct within the first quarter price $264,000. 73.89% of the inventory is at the moment owned by institutional traders.
MSC Industrial Direct Firm Profile
MSC Industrial Direct Co, Inc, along with its subsidiaries, distributes metalworking and upkeep, restore, and operations (MRO) services in america, Canada, Mexico, and the UK. Its MRO merchandise embody chopping instruments, measuring devices, tooling elements, metalworking merchandise, fasteners, flat inventory merchandise, uncooked supplies, abrasives, equipment hand and energy instruments, security and janitorial provides, plumbing provides, supplies dealing with merchandise, energy transmission elements, and electrical provides.
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