Services Stocks on Investors' Radar -- Patterson, Owens & Minor, W.W. Grainger, and MSC Industrial Direct

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Aug 03, 2016, 08:10 ET

NEW YORK, August 3, 2016 /PRNewswire/ --

Focus today is on the U.S. Services arena which is responsible for about two-thirds of the nation's economic activity. Economic conditions have a great impact on the overall services sector, but given its broad scope, some companies are able to outweigh the uncertainties. This morning, stock-callers.com looks at four equities in this space: Patterson Cos. Inc. (NASDAQ: PDCO), Owens & Minor Inc. (NYSE: OMI), W.W. Grainger Inc. (NYSE: GWW), and MSC Industrial Direct Co. Inc. (NYSE: MSM). Learn more about these stocks by downloading their comprehensive and free reports at:

http://stock-callers.com/registration

Patterson

On Tuesday, shares in St. Paul, Minnesota headquartered Patterson Cos. Inc. recorded a trading volume of 551,776 shares. The stock ended the day at $48.89, down 0.61%. The Company's shares have gained 1.36% in the last one month, 13.33% over the previous three months, and 9.81% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 1.15% and 8.24%, respectively. Furthermore, shares of Patterson, which distributes and sells dental and animal health products in the U.S., the U.K., and Canada, have a Relative Strength Index (RSI) of 48.72.

On July 22^nd, 2016, Patterson announced that Todd Marshall will join the organization as chief marketing and digital officer. As a member of the company's executive team, Marshall will play a role in shaping corporate strategy and will be responsible for overseeing the company's marketing strategy, business intelligence and customer experience, including its industry-leading technology support center. Marshall's background includes serving as a management consultant with McKinsey & Company before moving into a variety of leadership roles with Target Corporation throughout his 14-year career there. PDCO complete research report is just a click away and free at:

http://stock-callers.com/registration/?symbol=PDCO

Owens & Minor

Mechanicsville, Virginia headquartered Owens & Minor Inc.'s stock finished yesterday's session 0.31% lower at $35.28 and with a total volume of 517,596 shares traded. Shares of the Company, which together with its subsidiaries operate as a healthcare logistics company, are trading below their 200-day moving average by 3.92%. The stock has an RSI of 32.29.

On August 3^rd, 2016, Owens & Minor reported its financial results for the second quarter ended June 30, 2016. The company's consolidated revenues were $2.48 billion, an increase of 2.5% when compared to revenues of $2.42 billion in Q2 2015. The company stated that quarterly net income was $27.7 million, or $0.45 per diluted share, compared to $0.39 per diluted share in Q2 2015. Meanwhile, quarterly adjusted net income (non-GAAP) was $32.2 million, or $0.52 per diluted share, compared to $0.46 per diluted share in last year's Q2. The complimentary report on OMI can be downloaded at:

http://stock-callers.com/registration/?symbol=OMI

W.W. Grainger

At the closing bell on Tuesday, shares in Lake Forest, Illinois-based W.W. Grainger Inc. saw a slight decline of 0.77%, ending the day at $216.51. The stock recorded a trading volume of 364,340 shares. The Company's shares have advanced 8.08% on an YTD basis. The stock is trading 1.35% above its 200-day moving average. Moreover, shares of W.W. Grainger, which distributes maintenance, repair, and operating supplies; and other related products and services that are used by businesses and institutions, have an RSI of 38.34.

On July 20^th, 2016, research firm UBS reiterated its 'Neutral' rating on the Company's stock with a decrease of the target price to $225 a share from $235 a share.

On July 27^th, 2016, the board of directors of W.W. Grainger declared a cash dividend of $1.22 per share payable on September 1^st, 2016, to shareholders of record on August 8^th, 2016. Sign up for your complimentary research report on GWW at:

http://stock-callers.com/registration/?symbol=GWW

MSC Industrial Direct

Melville, New York headquartered MSC Industrial Direct Co. Inc.'s stock ended the day 0.25% lower at $71.87. A total volume of 1.13 million shares was traded, which was above their three months average volume of 541,050 shares. The Company's shares have gained 1.30% in the last month and 30.15% on an YTD basis. The stock is trading 6.88% above its 200-day moving average. Additionally, shares of MSC Industrial Direct, which together with its subsidiaries, markets and distributes various ranges of metalworking and maintenance, repair, and operations products primarily in the U.S., have an RSI of 46.85.

On July 07^th, 2016, MSC Industrial Direct announced that it has commenced a "modified Dutch auction" tender offer for up to $300 million of its Class A common stock at a price per share not less than $66.00 and not greater than $72.50. The tender offer will expire at 5:00 P.M., New York City time, on August 4^th, 2016, unless extended by the Company. Get free access to your research report on MSM at:

http://stock-callers.com/registration/?symbol=MSM

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