MSC Industrial Direct (NYSE:MSM)‘s stock had its “hold” rating reissued by stock analysts at Stifel Nicolaus in a research note issued on Friday, MarketBeat Ratings reports. They currently have a $100.00 price target on the industrial products company’s stock, up from their prior price target of $98.00. Stifel Nicolaus’ target price suggests a potential upside of 5.54% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a research report on Wednesday, January 10th. Stephens set a $114.00 price objective on shares of MSC Industrial Direct and gave the stock a “buy” rating in a research report on Wednesday, January 10th. KeyCorp reaffirmed a “hold” rating on shares of MSC Industrial Direct in a research report on Sunday, September 17th. Susquehanna Bancshares reaffirmed a “hold” rating and set a $92.00 price objective on shares of MSC Industrial Direct in a research report on Wednesday, January 3rd. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $83.00 price objective (up previously from $79.00) on shares of MSC Industrial Direct in a research report on Monday, October 9th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. MSC Industrial Direct currently has a consensus rating of “Hold” and a consensus price target of $95.54.

MSC Industrial Direct (NYSE MSM) traded up $0.18 during trading on Friday, hitting $94.75. 691,100 shares of the stock traded hands, compared to its average volume of 975,500. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.04 and a current ratio of 1.92. The stock has a market cap of $5,350.00, a PE ratio of 22.83, a price-to-earnings-growth ratio of 1.72 and a beta of 0.67. MSC Industrial Direct has a twelve month low of $65.42 and a twelve month high of $105.70.

MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings data on Wednesday, January 10th. The industrial products company reported $1.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.06 by ($0.01). The company had revenue of $768.60 million for the quarter, compared to analysts’ expectations of $770.95 million. MSC Industrial Direct had a return on equity of 19.37% and a net margin of 7.97%. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.95 EPS. research analysts forecast that MSC Industrial Direct will post 4.8 earnings per share for the current year.

MSC Industrial Direct declared that its Board of Directors has approved a stock buyback plan on Wednesday, January 10th that allows the company to repurchase 2,000,000 shares. This repurchase authorization allows the industrial products company to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

In other MSC Industrial Direct news, EVP Steven N. Baruch sold 5,762 shares of the firm’s 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mitchell Jacobson sold 33,866 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $2,960,437.48. The disclosure for this sale can be found here. Insiders sold a total of 237,587 shares of company stock valued at $19,390,269 in the last three months. 31.38% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in MSM. American Century Companies Inc. raised its holdings 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 purchasing an additional 1,993,717 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of MSC Industrial Direct by 105.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,179,178 shares of the industrial products company’s stock valued at $89,112,000 after purchasing an additional 604,873 shares in the last quarter. Schroder Investment Management Group raised its holdings in shares of MSC Industrial Direct by 52.7% in the 3rd quarter. Schroder Investment Management Group now owns 964,486 shares of the industrial products company’s stock valued at $72,250,000 after purchasing an additional 332,893 shares in the last quarter. Koch Industries Inc. raised its holdings in shares of 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 purchasing an additional 281,994 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of MSC Industrial Direct by 126.7% in the 3rd quarter. Principal Financial Group Inc. now owns 441,321 shares of the industrial products company’s stock valued at $33,350,000 after purchasing an additional 246,659 shares in the last quarter. Institutional investors and hedge funds own 75.53% of the company’s stock.

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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.

Analyst Recommendations for MSC Industrial Direct (NYSE:MSM)

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