MSC Industrial stock rating downgraded to Peerperform by Wolfe Research

Investing.com - Wolfe Research downgraded MSC Industrial (NYSE:MSM) from Outperform to Peerperform on Wednesday. The industrial distributor, with a market capitalization of $5 billion, has seen its stock rise over 31% in the past six months, according to InvestingPro data.

The research firm cited growing caution about the near-term outlook for U.S. short cycle demand as the primary reason for the rating change.

Wolfe Research analyst Ryan Cooke also lowered the firm’s fiscal year 2026 earnings per share estimates for MSC Industrial to below the current Street consensus.

The downgrade follows what the research firm described as "comfortable year-to-date underperformance" for the industrial distributor’s stock.

Wolfe Research now views the risk/reward profile for MSC Industrial as "balanced" following the recent stock performance and revised outlook.

In other recent news, MSC Industrial Supply Co. announced a quarterly cash dividend increase to $0.87 per share, marking a 2.4% rise from the previous dividend of $0.85. This dividend is scheduled for payment on November 26, 2025, to shareholders on record by November 12, 2025. Additionally, MSC Industrial Supply reported that its fourth-quarter performance is trending higher, even as Executive Vice President and CFO Kristen Actis-Grande prepares to step down on August 8, 2025, to join another publicly traded company. Greg Clark, the current Vice President of Finance and Corporate Controller, will assume the role of interim CFO during the search for a permanent replacement.

Meanwhile, Metalsource Mining Inc. has announced a non-brokered private placement offering aimed at raising up to $4 million in gross proceeds. Investor Eric Sprott has committed $1 million, subscribing for 5 million units in this offering. Each unit includes one common share and one-half of a transferable share purchase warrant, with each whole warrant allowing the purchase of an additional common share at CAD $0.30 for three years. These developments reflect the ongoing strategic financial activities within both companies.

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