MSC Industrial Direct (NYSE:MSM)‘s stock had its “outperform” rating reissued by investment analysts at Raymond James Financial in a note issued to investors on Thursday.

Several other analysts also recently issued reports on MSM. Zacks Investment Research raised shares of MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $108.00 price objective for the company in a report on Wednesday. UBS Group downgraded shares of MSC Industrial Direct from a “strong-buy” rating to an “outperform” rating in a report on Thursday. KeyCorp reaffirmed a “hold” rating on shares of MSC Industrial Direct in a report on Sunday, September 17th. BMO Capital Markets reaffirmed a “market perform” rating on shares of MSC Industrial Direct in a report on Tuesday, September 12th. Finally, TheStreet raised shares of MSC Industrial Direct from a “c+” rating to a “b-” rating in a report on Tuesday, November 28th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $90.83.

Shares of MSC Industrial Direct (MSM) opened at $99.26 on Thursday. 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 cap of $5,600.00, a P/E ratio of 24.57, a price-to-earnings-growth ratio of 1.89 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 posted its earnings results on Tuesday, October 31st. The industrial products company reported $1.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.08. The company had revenue of $753.80 million during the quarter, compared to the consensus estimate of $745.80 million. MSC Industrial Direct had a net margin of 8.01% and a return on equity of 19.42%. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.02 earnings per share. sell-side analysts predict that MSC Industrial Direct will post 4.47 EPS for the current fiscal year.

In related news, Director Mitchell Jacobson sold 33,866 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were 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 in the company, valued at approximately $2,960,437.48. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Steven N. Baruch sold 5,762 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $81.25, for a total transaction of $468,162.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 225,541 shares of company stock valued at $18,264,812. Corporate insiders own 31.28% of the company’s stock.

Several hedge funds have recently made changes to their positions in MSM. BlackRock Inc. raised its stake in shares of MSC Industrial Direct by 7,681.5% in the 1st quarter. BlackRock Inc. now owns 3,725,557 shares of the industrial products company’s stock valued at $382,836,000 after buying an additional 3,677,680 shares in the last quarter. American Century Companies Inc. raised its stake in shares of MSC Industrial Direct by 1,889.6% in the 3rd quarter. American Century Companies Inc. now owns 2,099,225 shares of the industrial products company’s stock valued at $158,638,000 after buying an additional 1,993,717 shares in the last quarter. FMR LLC raised its stake in shares of MSC Industrial Direct by 653.7% in the 4th quarter. FMR LLC now owns 1,781,993 shares of the industrial products company’s stock valued at $164,639,000 after buying an additional 1,545,564 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of MSC Industrial Direct by 267.2% in the 2nd quarter. Alliancebernstein L.P. now owns 1,441,259 shares of the industrial products company’s stock valued at $123,891,000 after buying an additional 1,048,714 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of MSC Industrial Direct by 26.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,124,573 shares of the industrial products company’s stock valued at $268,588,000 after buying an additional 649,201 shares in the last quarter. Institutional investors own 75.55% 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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