MSC Industrial Direct Company, Inc. (NYSE:MSM)‘s stock had its “hold” rating reissued by research analysts at KeyCorp in a report issued on Sunday.

Several other research analysts have also issued reports on MSM. BMO Capital Markets reissued a “market perform” rating on shares of MSC Industrial Direct in a research report on Tuesday, September 12th. TheStreet lowered MSC Industrial Direct from a “b” rating to a “c+” rating in a research report on Wednesday, August 16th. Northcoast Research assumed coverage on MSC Industrial Direct in a research report on Tuesday, July 25th. They issued a “neutral” rating for the company. Stifel Nicolaus reissued a “hold” rating and issued a $88.00 target price (down previously from $92.00) on shares of MSC Industrial Direct in a research report on Monday, June 12th. Finally, Zacks Investment Research raised MSC Industrial Direct from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $91.75.

Shares of MSC Industrial Direct (MSM) opened at 72.00 on Friday. MSC Industrial Direct has a 12-month low of $65.42 and a 12-month high of $105.70. The company has a market cap of $4.10 billion, a P/E ratio of 17.96 and a beta of 0.51. The stock’s 50 day moving average price is $69.40 and its 200 day moving average price is $84.41.

MSC Industrial Direct (NYSE:MSM) last announced its earnings results on Wednesday, July 12th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.09. MSC Industrial Direct had a return on equity of 20.05% and a net margin of 8.07%. The firm had revenue of $743.90 million during the quarter, compared to analyst estimates of $744.49 million. During the same quarter in the prior year, the company earned $1.05 EPS. The business’s revenue was up 2.3% compared to the same quarter last year. On average, analysts forecast that MSC Industrial Direct will post $3.97 EPS for the current year.

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In related news, Director Philip Peller acquired 1,000 shares of MSC Industrial Direct stock in a transaction that occurred on Wednesday, July 19th. The stock was bought at an average price of $72.00 per share, with a total value of $72,000.00. Following the transaction, the director now directly owns 2,422 shares in the company, valued at $174,384. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 31.28% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the stock. Great West Life Assurance Co. Can increased its holdings in shares of MSC Industrial Direct by 4.6% in the 1st quarter. Great West Life Assurance Co. Can now owns 26,570 shares of the industrial products company’s stock worth $2,729,000 after purchasing an additional 1,159 shares in the last quarter. Comerica Bank increased its holdings in shares of MSC Industrial Direct by 4.8% in the 1st quarter. Comerica Bank now owns 34,657 shares of the industrial products company’s stock worth $3,176,000 after purchasing an additional 1,593 shares in the last quarter. Swiss National Bank increased its holdings in shares of MSC Industrial Direct by 1.0% in the 1st quarter. Swiss National Bank now owns 73,600 shares of the industrial products company’s stock worth $7,563,000 after purchasing an additional 700 shares in the last quarter. World Asset Management Inc increased its holdings in shares of MSC Industrial Direct by 8.5% in the 1st quarter. World Asset Management Inc now owns 2,933 shares of the industrial products company’s stock worth $301,000 after purchasing an additional 231 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its holdings in shares of MSC Industrial Direct by 255.1% in the 1st quarter. UBS Asset Management Americas Inc. now owns 245,323 shares of the industrial products company’s stock worth $25,209,000 after purchasing an additional 176,247 shares in the last quarter. 75.69% of the stock is owned by institutional investors.

MSC Industrial Direct Company Profile

MSC Industrial Direct Co, Inc is a North American distributor of metalworking and maintenance, repair and operations (MRO) products and services. 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.

Analyst Recommendations for MSC Industrial Direct (NYSE:MSM)

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