Breaking: MSC Industrial Direct Co Inc’s (NYSE:MSM) Sentiment is 0.81

December 1, 2016 - By Winifred Garcia   ·   0 Comments

Breaking: MSC Industrial Direct Co Inc's (NYSE:MSM) Sentiment is 0.81

Sentiment for MSC Industrial Direct Co Inc (NYSE:MSM)

MSC Industrial Direct Co Inc (NYSE:MSM) institutional sentiment decreased to 0.81 in 2016 Q2. Its down -0.61, from 1.42 in 2016Q1. The ratio has worsened, as 160 investment managers started new or increased holdings, while 113 reduced and sold holdings in MSC Industrial Direct Co Inc. The investment managers in our partner’s database now possess: 47.57 million shares, down from 47.60 million shares in 2016Q1. Also, the number of investment managers holding MSC Industrial Direct Co Inc in their top 10 holdings decreased from 6 to 3 for a decrease of 3. Sold All: 27 Reduced: 86 Increased: 108 New Position: 52.

MSC Industrial Direct Co., Inc. is a North American distributor of metalworking and maintenance, repair and activities services and products. The company has a market cap of $5.13 billion. The Company’s range of MRO products include cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock, raw materials, abrasives, machinery hand and power tools, safety and janitorial supplies, plumbing supplies, materials handling products, power transmission components and electrical supplies. It has a 23.87 P/E ratio. The Firm serves a range of clients throughout the United States, Canada and the United Kingdom, from individual machine shops, to manufacturing companies, to government agencies, such as the General Services Administration and the Department of Defense.

About 58,530 shares traded hands. MSC Industrial Direct Co Inc (NYSE:MSM) has risen 14.89% since April 28, 2016 and is uptrending. It has outperformed by 8.97% the S&P500.

Analysts await MSC Industrial Direct Co Inc (NYSE:MSM) to report earnings on January, 4. They expect $0.93 earnings per share, up 4.49% or $0.04 from last year’s $0.89 per share. MSM’s profit will be $52.89M for 24.20 P/E if the $0.93 EPS becomes a reality. After $1.02 actual earnings per share reported by MSC Industrial Direct Co Inc for the previous quarter, Wall Street now forecasts -8.82% negative EPS growth.

According to Zacks Investment Research, “MSC Industrial Direct Company Inc. is one of the largest direct marketers of a broad range of industrial products to small and mid-sized industrial customers throughout the United States. The company distributes a full line of industrial products, such as cutting tools, abrasives, measuring instruments, machine tool accessories, safety equipment, fasteners, welding supplies and electrical supplies, intended to satisfy the customers’ maintenance, repair and operations supplies requirements.”

Arlington Value Capital Llc holds 7.44% of its portfolio in MSC Industrial Direct Co Inc for 951,266 shares. Poplar Forest Capital Llc owns 684,406 shares or 4.49% of their US portfolio. Moreover, Springbank Value Partners Lp has 3.79% invested in the company for 31,800 shares. The Tennessee-based New South Capital Management Inc has invested 3.78% in the stock. Value Holdings Lp, a New York-based fund reported 73,396 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 7 insider sales for $1.80 million net activity.

MSC Industrial Direct Co Inc (NYSE:MSM) Ratings Coverage

Ratings analysis reveals 22% of MSC Industrial Direct Co.’s analysts are positive. Out of 9 Wall Street analysts rating MSC Industrial Direct Co., 2 give it “Buy”, 2 “Sell” rating, while 5 recommend “Hold”. The lowest target is $55 while the high is $85. The stock’s average target of $71.14 is -21.01% below today’s ($90.06) share price. MSM was included in 18 notes of analysts from July 21, 2015. As per Monday, January 18, the company rating was initiated by Gabelli. The firm has “Underperform” rating by Credit Suisse given on Friday, June 17. KeyBanc Capital Markets initiated it with “Overweight” rating and $85 target price in Tuesday, July 21 report. The stock of MSC Industrial Direct Co Inc (NYSE:MSM) has “Neutral” rating given on Tuesday, March 22 by Sterne Agee CRT. As per Wednesday, October 28, the company rating was maintained by Stephens. Barclays Capital maintained MSC Industrial Direct Co Inc (NYSE:MSM) rating on Monday, October 5. Barclays Capital has “Equal-Weight” rating and $55 price target. The firm earned “Neutral” rating on Friday, August 26 by Macquarie Research. Barclays Capital maintained MSC Industrial Direct Co Inc (NYSE:MSM) rating on Thursday, April 7. Barclays Capital has “Equalweight” rating and $64 price target. The stock of MSC Industrial Direct Co Inc (NYSE:MSM) has “Market Perform” rating given on Tuesday, April 5 by BMO Capital Markets. The company was maintained on Friday, August 19 by Credit Suisse.

MSM Company Profile

MSC Industrial Direct Co., Inc., incorporated on October 25, 1995, is a North American distributor of metalworking and maintenance, repair and activities (MRO) services and products. The Company’s range of MRO products include cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock, raw materials, abrasives, machinery hand and power tools, safety and janitorial supplies, plumbing supplies, materials handling products, power transmission components and electrical supplies. The Firm serves a range of clients throughout the United States, Canada and the United Kingdom, from individual machine shops, to manufacturing companies, to government agencies, such as the General Services Administration and the Department of Defense. It also serves durable and non-durable goods manufacturing, education and healthcare markets, among others. The Company’s federal government clients include large and small military bases, veterans affairs hospitals, federal correctional facilities and the United States Postal Service, among others. The Company’s national account program also includes privately held companies and international companies doing business in the United States.

More recent MSC Industrial Direct Co Inc (NYSE:MSM) news were published by: Marketwatch.com which released: “MSC Industrial Direct Co.” on December 21, 2009. Also Fool.com published the news titled: “MSC Industrial Direct Co.: Near-Term Pain, Long-Term Gain?” on October 31, 2015. Nasdaq.com‘s news article titled: “Ex-Dividend Reminder: Allison Transmission Holdings, MSC Industrial Direct and …” with publication date: November 08, 2016 was also an interesting one.

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By Winifred Garcia


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