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

Other research analysts also recently issued research reports about the company. TheStreet downgraded MSC Industrial Direct from a “b” rating to a “c+” rating in a research note on Wednesday, August 16th. BidaskClub downgraded MSC Industrial Direct from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Northcoast Research initiated coverage on MSC Industrial Direct in a research note on Tuesday, July 25th. They issued a “neutral” rating for the company. J P Morgan Chase & Co initiated coverage on MSC Industrial Direct in a research note on Friday, June 2nd. They issued an “overweight” rating and a $91.00 target price for the company. Finally, Zacks Investment Research upgraded MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $99.00 target price for the company in a research note on Saturday, July 8th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $91.75.

MSC Industrial Direct (MSM) opened at 72.00 on Friday. The firm has a market cap of $4.10 billion, a P/E ratio of 17.96 and a beta of 0.51. The company has a 50-day moving average price of $69.40 and a 200-day moving average price of $84.41. 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 quarterly earnings results on Wednesday, July 12th. The industrial products company reported $1.09 earnings per share for the quarter, hitting the consensus estimate of $1.09. The company had revenue of $743.90 million during the quarter, compared to the consensus estimate of $744.49 million. MSC Industrial Direct had a return on equity of 20.05% and a net margin of 8.07%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.05 EPS. On average, equities research analysts forecast that MSC Industrial Direct will post $3.97 EPS for the current fiscal year.

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In other MSC Industrial Direct news, Director Philip Peller purchased 1,000 shares of the stock in a transaction on Wednesday, July 19th. The shares were purchased at an average price of $72.00 per share, with a total value of $72,000.00. Following the acquisition, the director now directly owns 2,422 shares in the company, valued at approximately $174,384. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 31.28% of the company’s stock.

Several large investors have recently added to or reduced their stakes in MSM. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of MSC Industrial Direct by 8.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,539 shares of the industrial products company’s stock valued at $132,000 after acquiring an additional 123 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of MSC Industrial Direct by 0.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,577 shares of the industrial products company’s stock valued at $136,000 after acquiring an additional 8 shares in the last quarter. QS Investors LLC raised its holdings in shares of MSC Industrial Direct by 0.5% in the 2nd quarter. QS Investors LLC now owns 1,749 shares of the industrial products company’s stock valued at $150,000 after acquiring an additional 8 shares in the last quarter. Invictus RG raised its holdings in shares of MSC Industrial Direct by 796.7% in the 1st quarter. Invictus RG now owns 1,623 shares of the industrial products company’s stock valued at $167,000 after acquiring an additional 1,442 shares in the last quarter. Finally, Numeric Investors LLC purchased a new stake in shares of MSC Industrial Direct in the 2nd quarter valued at about $206,000. 75.69% of the stock is currently owned by hedge funds and other 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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