MSC Industrial Direct (NYSE:MSM) had its target price raised by research analysts at Buckingham Research from $83.00 to $84.00 in a report released on Monday, BenzingaRatingsTable reports. The brokerage presently has a “neutral” rating on the industrial products company’s stock. Buckingham Research’s target price points to a potential upside of 0.35% from the stock’s current price.

A number of other equities research analysts have also issued reports on MSM. Wells Fargo & Co dropped their price objective on shares of MSC Industrial Direct from $87.00 to $85.00 and set a “market perform” rating for the company in a report on Friday, December 21st. Jefferies Financial Group assumed coverage on shares of MSC Industrial Direct in a research note on Monday, January 7th. They set a “buy” rating and a $92.00 target price on the stock. Stephens downgraded shares of MSC Industrial Direct from an “overweight” rating to an “equal weight” rating and set a $92.00 target price on the stock. in a research note on Friday, February 8th. Finally, Zacks Investment Research upgraded shares of MSC Industrial Direct from a “sell” rating to a “hold” rating in a report on Thursday, January 17th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $93.00.

NYSE MSM opened at $83.71 on Monday. The company has a current ratio of 2.37, a quick ratio of 1.27 and a debt-to-equity ratio of 0.23. The firm has a market cap of $4.76 billion, a price-to-earnings ratio of 16.48, a P/E/G ratio of 1.48 and a beta of 0.86. MSC Industrial Direct has a fifty-two week low of $73.28 and a fifty-two week high of $96.58.

MSC Industrial Direct (NYSE:MSM) last issued its earnings results on Wednesday, January 9th. The industrial products company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.01. MSC Industrial Direct had a return on equity of 21.97% and a net margin of 10.53%. The business had revenue of $831.60 million during the quarter, compared to the consensus estimate of $830.60 million. During the same period last year, the company earned $1.05 EPS. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. Equities analysts anticipate that MSC Industrial Direct will post 5.77 EPS for the current year.

In other news, SVP Gregory Polli sold 12,736 shares of the business’s stock in a transaction that occurred on Thursday, February 7th. The shares were sold at an average price of $82.60, for a total value of $1,051,993.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Steve Armstrong sold 5,293 shares of the company’s stock in a transaction that occurred on Friday, January 18th. The stock was sold at an average price of $82.48, for a total transaction of $436,566.64. Following the completion of the transaction, the senior vice president now owns 7,561 shares in the company, valued at $623,631.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,810 shares of company stock valued at $1,635,422. Company insiders own 27.96% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its holdings in shares of MSC Industrial Direct by 1.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,667,322 shares of the industrial products company’s stock valued at $235,017,000 after buying an additional 31,846 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of MSC Industrial Direct by 18.5% in the third quarter. Bank of New York Mellon Corp now owns 856,023 shares of the industrial products company’s stock valued at $75,424,000 after purchasing an additional 133,477 shares during the period. BlackRock Inc. grew its holdings in shares of MSC Industrial Direct by 0.8% in the third quarter. BlackRock Inc. now owns 4,040,845 shares of the industrial products company’s stock valued at $356,039,000 after purchasing an additional 32,419 shares in the last quarter. FMR LLC grew its holdings in shares of MSC Industrial Direct by 16.8% in the third quarter. FMR LLC now owns 721,317 shares of the industrial products company’s stock valued at $63,556,000 after purchasing an additional 103,862 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in MSC Industrial Direct by 9.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 504,431 shares of the industrial products company’s stock worth $44,444,000 after buying an additional 43,426 shares during the period. Institutional investors own 75.05% of the company’s stock.

MSC Industrial Direct Company Profile

MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes metalworking and maintenance, repair, and operations (MRO) products in the United States, Canada, and the United Kingdom. The company's MRO products comprise cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock products, raw materials, abrasives, machinery hand and power tools, safety and janitorial supplies, plumbing supplies, materials handling products, power transmission components, and electrical supplies.

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Analyst Recommendations for MSC Industrial Direct (NYSE:MSM)

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