MSC Industrial Direct (NYSE:MSM)‘s stock had its “hold” rating restated by equities research analysts at Stifel Nicolaus in a research report issued to clients and investors on Monday. They currently have a $93.00 price target on the industrial products company’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 2.76% from the stock’s current price.

Several other analysts also recently issued reports on the company. Credit Suisse Group set a $93.00 price objective on MSC Industrial Direct and gave the stock a “buy” rating in a report on Friday, October 6th. Gabelli raised MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $94.00 price target for the company in a research note on Friday, October 13th. Zacks Investment Research raised MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research note on Wednesday, October 11th. BMO Capital Markets restated a “market perform” rating on shares of MSC Industrial Direct in a report on Tuesday, September 12th. Finally, KeyCorp restated a “hold” rating on shares of MSC Industrial Direct in a report on Tuesday, October 17th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $88.92.

Shares of MSC Industrial Direct (NYSE MSM) opened at $90.50 on Monday. MSC Industrial Direct has a one year low of $65.42 and a one year high of $105.70. The company has a current ratio of 1.80, a quick ratio of 0.97 and a debt-to-equity ratio of 0.16. The firm has a market cap of $5,103.38, a PE ratio of 22.40, a P/E/G ratio of 1.77 and a beta of 0.67.

MSC Industrial Direct (NYSE:MSM) last issued its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.08. MSC Industrial Direct had a net margin of 8.01% and a return on equity of 19.42%. The business had revenue of $753.80 million for the quarter, compared to analysts’ expectations of $745.80 million. During the same period in the previous year, the business earned $1.02 earnings per share. The company’s revenue was up 1.2% on a year-over-year basis. research analysts predict that MSC Industrial Direct will post 4.45 EPS for the current year.

In other news, EVP Steven N. Baruch sold 5,762 shares of the business’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $81.25, for a total transaction of $468,162.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mitchell Jacobson sold 26,306 shares of the business’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $79.40, for a total value of $2,088,696.40. The disclosure for this sale can be found here. Insiders have sold a total of 225,541 shares of company stock valued at $18,264,812 over the last quarter. 31.28% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of MSM. Public Employees Retirement System of Ohio raised its stake in MSC Industrial Direct by 30.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 372,507 shares of the industrial products company’s stock worth $28,150,000 after buying an additional 87,188 shares during the period. GSA Capital Partners LLP raised its stake in MSC Industrial Direct by 37.4% during the 3rd quarter. GSA Capital Partners LLP now owns 13,182 shares of the industrial products company’s stock worth $996,000 after buying an additional 3,589 shares during the period. DF Dent & Co. Inc. raised its stake in MSC Industrial Direct by 37.5% during the 3rd quarter. DF Dent & Co. Inc. now owns 4,407 shares of the industrial products company’s stock worth $333,000 after buying an additional 1,203 shares during the period. California Public Employees Retirement System raised its stake in MSC Industrial Direct by 6.3% during the 3rd quarter. California Public Employees Retirement System now owns 141,409 shares of the industrial products company’s stock worth $10,686,000 after buying an additional 8,409 shares during the period. Finally, Highbridge Capital Management LLC purchased a new stake in shares of MSC Industrial Direct in the third quarter worth approximately $7,409,000. Institutional investors and hedge funds own 75.57% of the company’s stock.

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About MSC Industrial Direct

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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