Raymond James Financial Services Advisors Reduces Stake in MSC Industrial Direct Co.,
July 12, 2023
🌥️Trending News
MSC ($NYSE:MSM) Industrial Direct Co., Inc. (MSC) recently saw its stake reduced by Raymond James Financial Services Advisors Inc. (RJF). MSC is an industrial distribution company which focuses on providing metalworking and maintenance, repair, and operations products to industrial customers. It also offers a wide range of services such as supply chain management, product consolidation, and customized inventory solutions.
The products are mainly used in the manufacturing, construction, and maintenance and repair industries. RJF’s reduction of its stake in MSC is indicative of the company’s performance in the current market conditions.
Stock Price
Despite this news, MSC’s stock opened on Tuesday at $96.8 and closed at $98.2, up by 1.4% from the prior closing price of $96.8. The company also raised its full-year outlook, indicating positive signs for the future of the company despite the recent reduction in stake. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for MSM. More…
| Total Revenues | Net Income | Net Margin |
| 4k | 359.76 | 9.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for MSM. More…
| Operations | Investing | Financing |
| 677.96 | -133.84 | -514.23 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for MSM. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.53k | 1.02k | 26.57 |
Key Ratios Snapshot
Some of the financial key ratios for MSM are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.7% | 11.4% | 12.6% |
| FCF Margin | ROE | ROA |
| 15.0% | 21.6% | 12.4% |
Analysis
At GoodWhale, we believe in helping investors make informed decisions. That’s why we’ve analyzed the financials of MSC INDUSTRIAL DIRECT and are excited to share our findings. Our Risk Rating gives MSC INDUSTRIAL DIRECT a medium risk investment rating in terms of financial and business aspects. However, our GoodWhale analysis has revealed two risk warnings in MSC INDUSTRIAL DIRECT’s balance sheet that may affect their long-term performance. To gain access to these warnings and learn more detail, register with us now. With our insight, you can be sure to make the most informed decisions when investing in MSC INDUSTRIAL DIRECT. More…
Peers
The company has a wide range of products and services that it offers to its clients. The company has a strong presence in the market and is one of the leading companies in this sector. The company has a good reputation in the market and is known for its quality products and services. The company has a strong competition from other companies such as Hardwoods Distribution Inc, Watsco Inc, WESCO International Inc.
– Hardwoods Distribution Inc ($TSX:HDI)
As of 2022, Hardwoods Distribution Inc has a market cap of 534.86M and a ROE of 29.08%. The company is a wholesale distributor of hardwood lumber and related products in North America, with a network of over 60 locations in the United States and Canada. Products include hardwood lumber, softwood lumber, plywood, veneers, decking, flooring, and other millwork products. The company has a long history dating back to 1925, and is a publicly traded company on the Toronto Stock Exchange.
– Watsco Inc ($NYSE:WSO)
Watsco Inc is a provider of air conditioning, heating and refrigeration solutions. It has a market cap of 9.62B as of 2022 and a return on equity of 27.67%. The company serves the residential, commercial and industrial markets in the United States, Canada, Mexico and the Caribbean.
– WESCO International Inc ($NYSE:WCC)
Wesco International Inc is a holding company that, through its subsidiaries, engages in the distribution of electrical, industrial, and communications products and services in the United States, Canada, and Mexico. The company operates through three segments: Electrical, Industrial, and Communications. The Electrical segment offers products and services to customers in the construction, industrial, commercial, and utility end-markets. The Industrial segment provides products and services to customers in the mining, oil and gas, transportation, and infrastructure end-markets. The Communications segment offers products and services to customers in the communications, data center, and enterprise end-markets.
As of 2022, Wesco International Inc had a market cap of 6.45B and a Return on Equity of 16.97%.
Summary
MSC Industrial Direct Co., Inc. has seen an analysis of their stocks recently. Despite this, the company remains a popular choice for investors, with its stock reaching all-time highs in the markets. The company is known for its wide selection of industrial products, ranging from cutting tools and metalworking supplies to safety supplies and maintenance, repair, and operations products. With its range of products and its strong financial performance, MSC Industrial Direct Co., Inc. remains a viable choice for investors looking for profitable options in the industrial sector.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
