Shares of MSC Industrial Direct Co Inc (NYSE:MSM) have earned a consensus rating of “Hold” from the nineteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $100.85.
Several equities research analysts recently commented on MSM shares. Zacks Investment Research upgraded shares of MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $97.00 target price on the stock in a research report on Wednesday, September 26th. ValuEngine downgraded shares of MSC Industrial Direct from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Northcoast Research set a $95.00 target price on shares of MSC Industrial Direct and gave the stock a “buy” rating in a research report on Friday, July 13th. Wells Fargo & Co cut their target price on shares of MSC Industrial Direct from $95.00 to $87.00 and set a “market perform” rating on the stock in a research report on Thursday, July 12th. Finally, Gordon Haskett started coverage on shares of MSC Industrial Direct in a research report on Friday. They set a “buy” rating on the stock.
Shares of MSC Industrial Direct stock opened at $80.57 on Wednesday. The company has a market cap of $4.98 billion, a P/E ratio of 19.89, a P/E/G ratio of 1.10 and a beta of 0.51. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.14 and a current ratio of 2.11. MSC Industrial Direct has a 1 year low of $75.41 and a 1 year high of $99.94.
MSC Industrial Direct (NYSE:MSM) last announced its quarterly earnings results on Wednesday, July 11th. The industrial products company reported $1.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.39. The company had revenue of $828.30 million for the quarter, compared to analyst estimates of $834.43 million. MSC Industrial Direct had a net margin of 10.16% and a return on equity of 21.08%. The firm’s revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.09 EPS. Equities research analysts forecast that MSC Industrial Direct will post 5.06 EPS for the current year.
In other news, SVP Gregory Polli sold 8,696 shares of the business’s stock in a transaction that occurred on Thursday, July 26th. The shares were sold at an average price of $82.38, for a total value of $716,376.48. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Denis F. Kelly sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $88.43, for a total transaction of $132,645.00. The disclosure for this sale can be found here. 31.38% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of MSM. Macquarie Group Ltd. acquired a new position in shares of MSC Industrial Direct in the 2nd quarter worth approximately $110,000. Asset Management One Co. Ltd. acquired a new position in shares of MSC Industrial Direct in the 1st quarter worth approximately $191,000. Quantbot Technologies LP acquired a new position in shares of MSC Industrial Direct in the 1st quarter worth approximately $199,000. CHICAGO TRUST Co NA acquired a new position in shares of MSC Industrial Direct in the 2nd quarter worth approximately $218,000. Finally, Nomura Holdings Inc. acquired a new position in shares of MSC Industrial Direct in the 2nd quarter worth approximately $219,000. Hedge funds and other institutional investors own 75.19% of the company’s stock.
MSC Industrial Direct Company Profile
MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes various ranges of metalworking and maintenance, repair, and operations (MRO) products primarily 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, 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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