KeyCorp reiterated their hold rating on shares of MSC Industrial Direct Company, Inc. (NYSE:MSM) in a research note released on Tuesday morning.

A number of other analysts have also recently weighed in on the stock. BidaskClub cut shares of MSC Industrial Direct from a sell rating to a strong sell rating in a research note on Friday, July 28th. Robert W. Baird restated a neutral rating and issued a $85.00 price objective (down from $92.00) on shares of MSC Industrial Direct in a research note on Thursday, July 13th. Credit Suisse Group set a $93.00 price objective on shares of MSC Industrial Direct and gave the stock a buy rating in a research note on Friday, October 6th. Zacks Investment Research cut shares of MSC Industrial Direct from a buy rating to a hold rating in a research note on Friday, July 14th. Finally, Stifel Nicolaus restated a hold rating and issued a $78.00 price objective (down from $88.00) on shares of MSC Industrial Direct in a research note on Friday, July 14th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $88.38.

MSC Industrial Direct (MSM) traded up 0.01% during midday trading on Tuesday, reaching $78.94. 293,670 shares of the company were exchanged. The firm’s 50-day moving average is $72.65 and its 200-day moving average is $80.23. MSC Industrial Direct has a one year low of $65.42 and a one year high of $105.70. The firm has a market cap of $4.50 billion, a P/E ratio of 19.69 and a beta of 0.54.

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A number of large investors have recently added to or reduced their stakes in the stock. Leith Wheeler Investment Counsel Ltd. raised its stake in MSC Industrial Direct by 30.9% during the 3rd quarter. Leith Wheeler Investment Counsel Ltd. now owns 21,247 shares of the industrial products company’s stock valued at $1,854,000 after purchasing an additional 5,010 shares during the last quarter. WINTON GROUP Ltd increased its holdings in MSC Industrial Direct by 52.2% in the 2nd quarter. WINTON GROUP Ltd now owns 53,402 shares of the industrial products company’s stock valued at $4,590,000 after buying an additional 18,313 shares during the period. Koch Industries Inc. increased its holdings in MSC Industrial Direct by 10,738.5% in the 2nd quarter. Koch Industries Inc. now owns 284,620 shares of the industrial products company’s stock valued at $281,000 after buying an additional 281,994 shares during the period. Grandeur Peak Global Advisors LLC increased its holdings in MSC Industrial Direct by 73.4% in the 2nd quarter. Grandeur Peak Global Advisors LLC now owns 147,425 shares of the industrial products company’s stock valued at $12,673,000 after buying an additional 62,425 shares during the period. Finally, Ameritas Investment Partners Inc. increased its holdings in MSC Industrial Direct by 2.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 13,492 shares of the industrial products company’s stock valued at $1,160,000 after buying an additional 271 shares during the period. Hedge funds and other institutional investors own 75.59% of the company’s stock.

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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