MSC Industrial Direct
This industrial services giant makes sense for long-term growth investors. MSC Industrial Direct Inc. (NYSE: MSM) distributes metalworking and maintenance, repair and operations (MRO) products and services in North America and the United Kingdom.
The company’s MRO products include cutting the following:
- 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
- Electrical supplies
MSC Industrial Direct offers approximately 2.1 million stock-keeping units through the following:
- Catalogs and brochures
- E-commerce channels, including its website
- Inventory management solutions and customer care centers
- Customer fulfillment centers
- Regional inventory centers and warehouses
It operates through a distribution network of six customer fulfillment centers, 10 regional inventory centers and 38 warehouses. The company serves individual machine shops, Fortune 1,000 manufacturing companies and government agencies. It also serves manufacturers of various sizes.
Shareholders currently receive a 3.17% dividend. The $0.79 per share dividend is expected to increase to $0.83.
Baird’s target price is $110, and MSC Industrial Direct stock has a consensus target of $104.60. The stock closed on Monday at $101.32.
Penske Automotive
This company was started by automotive and racing legend Roger Penske. Its shares also have backed up to offer a better spot to buy. Penske Automotive Group Inc. (NYSE: PAG) is a diversified transportation services company. It operates automotive and commercial truck dealerships in the United States and internationally under franchise agreements with various automotive manufacturers and distributors.
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