Shares of MSC Industrial Direct Company, Inc. (NYSE:MSM – Get Free Report) have received a consensus rating of “Hold” from the eight brokerages that are covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $123.43.
A number of research firms have commented on MSM. KeyCorp raised their price target on MSC Industrial Direct from $132.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, July 1st. Rothschild & Co Redburn began coverage on MSC Industrial Direct in a research note on Monday, July 13th. They issued a “buy” rating and a $155.00 price objective for the company. Zacks Research cut MSC Industrial Direct from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 31st. Weiss Ratings downgraded MSC Industrial Direct from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, September 11th. Finally, Jefferies Financial Group set a $130.00 price target on MSC Industrial Direct in a report on Wednesday, July 1st.
Get Our Latest Research Report on MSC Industrial Direct
MSC Industrial Direct Stock Performance
MSC Industrial Direct (NYSE:MSM – Get Free Report) last announced its quarterly earnings data on Wednesday, July 1st. The industrial products company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.28 by $0.15. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.03 billion. MSC Industrial Direct had a net margin of 5.91% and a return on equity of 17.34%. The company’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the firm earned $1.08 EPS. Equities analysts forecast that MSC Industrial Direct will post 4.51 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Elevation Wealth Partners LLC boosted its stake in MSC Industrial Direct by 89.9% during the second quarter. Elevation Wealth Partners LLC now owns 245 shares of the industrial products company’s stock valued at $29,000 after buying an additional 116 shares during the last quarter. Parallel Advisors LLC increased its position in MSC Industrial Direct by 3.9% during the first quarter. Parallel Advisors LLC now owns 3,112 shares of the industrial products company’s stock valued at $287,000 after acquiring an additional 118 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in MSC Industrial Direct by 60.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 319 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 120 shares during the last quarter. Allworth Financial LP grew its stake in shares of MSC Industrial Direct by 25.9% during the fourth quarter. Allworth Financial LP now owns 628 shares of the industrial products company’s stock valued at $53,000 after buying an additional 129 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in MSC Industrial Direct by 10.4% in the second quarter. GAMMA Investing LLC now owns 1,534 shares of the industrial products company’s stock worth $182,000 after purchasing an additional 144 shares during the period. Institutional investors own 79.26% of the company’s stock.
About MSC Industrial Direct
MSC Industrial Direct Co, Inc (NYSE: MSM) is a distributor of metalworking and maintenance, repair and operations (MRO) supplies. The company serves industrial and institutional customers by helping them source the products, services and expertise needed to operate and maintain manufacturing facilities, equipment and workplaces.
Its product offerings include cutting tools, abrasives, fasteners, hand and power tools, safety equipment, material-handling products, janitorial supplies, plumbing and electrical items, and other industrial consumables.
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