MSC Industrial Direct Co. (NYSE:MSM) had its price target upped by KeyCorp from $90.00 to $97.00 in a report issued on Tuesday. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s target price suggests a potential upside of 9.22% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. Wells Fargo & Co. reissued a “hold” rating on shares of MSC Industrial Direct in a research note on Sunday, September 4th. Credit Suisse Group AG began coverage on MSC Industrial Direct in a research note on Friday, August 19th. They set an “underperform” rating and a $65.00 price target on the stock. Zacks Investment Research raised MSC Industrial Direct from a “sell” rating to a “hold” rating in a research note on Tuesday, October 4th. Stephens raised MSC Industrial Direct from an “equal weight” rating to an “overweight” rating and set a $102.00 price target on the stock in a research note on Monday, November 21st. Finally, Macquarie began coverage on MSC Industrial Direct in a research note on Thursday, August 25th. They set a “neutral” rating and a $80.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $81.00.

Analyst Recommendations for MSC Industrial Direct (NYSE:MSM)

Shares of MSC Industrial Direct (NYSE:MSM) traded up 0.46% during trading on Tuesday, hitting $88.81. The company’s stock had a trading volume of 830,517 shares. MSC Industrial Direct has a one year low of $54.19 and a one year high of $89.76. The stock has a market cap of $5.02 billion, a PE ratio of 23.55 and a beta of 0.45. The company has a 50-day moving average price of $77.19 and a 200-day moving average price of $73.95.

MSC Industrial Direct (NYSE:MSM) last announced its quarterly earnings data on Tuesday, November 1st. The company reported $1.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.04. MSC Industrial Direct had a return on equity of 17.62% and a net margin of 8.07%. The company had revenue of $745.10 million for the quarter, compared to analyst estimates of $736.53 million. During the same quarter in the previous year, the company earned $0.96 EPS. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. Equities analysts predict that MSC Industrial Direct will post $3.87 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 29th. Shareholders of record on Tuesday, November 15th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Friday, November 11th. This is an increase from MSC Industrial Direct’s previous quarterly dividend of $0.43. This represents a $1.80 annualized dividend and a yield of 2.03%. MSC Industrial Direct’s payout ratio is 47.87%.

TRADEMARK VIOLATION WARNING: “KeyCorp Raises MSC Industrial Direct Co. (MSM) Price Target to $97.00” was posted by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are accessing this article on another publication, it was illegally copied and republished in violation of U.S. & international copyright & trademark legislation. The original version of this article can be read at https://www.thecerbatgem.com/2016/11/29/keycorp-raises-msc-industrial-direct-co-msm-price-target-to-97-00.html.

In other MSC Industrial Direct news, SVP Christopher Davanzo sold 3,000 shares of the business’s stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $83.50, for a total value of $250,500.00. Following the completion of the transaction, the senior vice president now directly owns 9,505 shares in the company, valued at approximately $793,667.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Douglas E. Jones sold 4,517 shares of the business’s stock in a transaction on Wednesday, November 2nd. The shares were sold at an average price of $73.01, for a total value of $329,786.17. Following the completion of the transaction, the executive vice president now owns 12,806 shares of the company’s stock, valued at $934,966.06. The disclosure for this sale can be found here. 31.75% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Hermes Investment Management Ltd. increased its position in shares of MSC Industrial Direct by 8.7% in the second quarter. Hermes Investment Management Ltd. now owns 304,626 shares of the company’s stock valued at $21,494,000 after buying an additional 24,331 shares during the period. LS Investment Advisors LLC increased its position in shares of MSC Industrial Direct by 71.2% in the second quarter. LS Investment Advisors LLC now owns 2,968 shares of the company’s stock valued at $209,000 after buying an additional 1,234 shares during the period. IBM Retirement Fund increased its position in shares of MSC Industrial Direct by 0.3% in the second quarter. IBM Retirement Fund now owns 4,785 shares of the company’s stock valued at $338,000 after buying an additional 13 shares during the period. Acadian Asset Management LLC acquired a new position in shares of MSC Industrial Direct during the second quarter valued at $601,000. Finally, State of Alaska Department of Revenue increased its position in shares of MSC Industrial Direct by 6.7% in the second quarter. State of Alaska Department of Revenue now owns 10,644 shares of the company’s stock valued at $751,000 after buying an additional 664 shares during the period. Institutional investors own 83.31% of the company’s stock.

About MSC Industrial Direct

MSC Industrial Direct Co, Inc (MSC) is direct marketers and distributors of a range of metalworking and maintenance, repair and operations (MRO) products to customers throughout the United States. The Company operates primarily in the United States, with customers in all 50 states, through a network of five customer fulfillment centers (four customer fulfillment centers are located within the United States and one is located in the United Kingdom and 106 branch offices (104 branches are located within the United States, one is located in the United Kingdom and the other is located in Mexico).

5 Day Chart for NYSE:MSM

Receive News & Stock Ratings for MSC Industrial Direct Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MSC Industrial Direct Co. and related stocks with our FREE daily email newsletter.