MSC Industrial Direct (MSM) Stock Rating Upgraded by Northcoast Research

MSC Industrial Direct (NYSE:MSM) was upgraded by Northcoast Research from a “neutral” rating to a “buy” rating in a research note issued to investors on Friday, The Fly reports.

A number of other analysts have also recently commented on the company. Stifel Nicolaus restated a “hold” rating and issued a $93.00 price target on shares of MSC Industrial Direct in a research report on Monday. Credit Suisse Group set a $100.00 target price on MSC Industrial Direct and gave the stock a “buy” rating in a research report on Monday, December 4th. TheStreet upgraded MSC Industrial Direct from a “c+” rating to a “b-” rating in a research report on Tuesday, November 28th. Wells Fargo & Company set a $86.00 target price on MSC Industrial Direct and gave the stock a “hold” rating in a research report on Wednesday, November 1st. Finally, BMO Capital Markets increased their target price on MSC Industrial Direct from $83.00 to $92.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. MSC Industrial Direct has an average rating of “Hold” and an average price target of $88.92.

Shares of MSC Industrial Direct (NYSE:MSM) opened at $88.99 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.80 and a quick ratio of 0.97. The company has a market capitalization of $5,039.66, a PE ratio of 22.12, a price-to-earnings-growth ratio of 1.75 and a beta of 0.67. MSC Industrial Direct has a 1 year low of $65.42 and a 1 year high of $105.70.

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

In related news, Director Mitchell Jacobson sold 33,866 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $82.39, for a total transaction of $2,790,219.74. Following the completion of the transaction, the director now directly owns 35,932 shares of the company’s stock, valued at $2,960,437.48. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Steven N. Baruch sold 5,762 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $81.25, for a total value of $468,162.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 225,541 shares of company stock valued at $18,264,812. 31.28% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of the company. Evercore Wealth Management LLC lifted its stake in shares of MSC Industrial Direct by 6.1% during the 2nd quarter. Evercore Wealth Management LLC now owns 1,433 shares of the industrial products company’s stock worth $101,000 after acquiring an additional 83 shares during the last quarter. Catalyst Capital Advisors LLC bought a new stake in shares of MSC Industrial Direct during the 3rd quarter worth approximately $103,000. Morgan Dempsey Capital Management LLC lifted its stake in shares of MSC Industrial Direct by 3.5% during the 1st quarter. Morgan Dempsey Capital Management LLC now owns 1,093 shares of the industrial products company’s stock worth $112,000 after acquiring an additional 37 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of MSC Industrial Direct by 8.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,539 shares of the industrial products company’s stock worth $132,000 after acquiring an additional 123 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of MSC Industrial Direct by 0.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,577 shares of the industrial products company’s stock worth $136,000 after acquiring an additional 8 shares during the last quarter. 75.57% of the stock is owned by institutional investors and hedge funds.

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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.

The Fly

Analyst Recommendations for MSC Industrial Direct (NYSE:MSM)

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