MSC Industrial Direct (NYSE:MSM) Price Target Cut to $84.00 by Analysts at Robert W. Baird

MSC Industrial Direct (NYSE:MSM) had its price target reduced by equities researchers at Robert W. Baird from $90.00 to $84.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the industrial products company’s stock. Robert W. Baird’s price objective points to a potential upside of 11.69% from the stock’s previous close.

Separately, Wolfe Research assumed coverage on shares of MSC Industrial Direct in a research report on Thursday, January 16th. They set an “outperform” rating and a $95.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $82.40.

MSC Industrial Direct Stock Down 5.1 %

Shares of MSM stock opened at $75.21 on Friday. MSC Industrial Direct has a 52-week low of $72.73 and a 52-week high of $96.13. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 1.93. The stock has a market cap of $4.20 billion, a price-to-earnings ratio of 17.95 and a beta of 0.89. The firm’s 50-day moving average is $79.74 and its 200-day moving average is $81.42.

MSC Industrial Direct (NYSE:MSM) last released its quarterly earnings data on Thursday, April 3rd. The industrial products company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. The company had revenue of $891.70 million during the quarter, compared to analysts’ expectations of $908.30 million. MSC Industrial Direct had a return on equity of 17.80% and a net margin of 6.21%. The business’s revenue was down 4.7% on a year-over-year basis. During the same period last year, the firm posted $1.18 earnings per share. Sell-side analysts predict that MSC Industrial Direct will post 3.57 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Treasurer of the State of North Carolina boosted its position in shares of MSC Industrial Direct by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 20,179 shares of the industrial products company’s stock valued at $1,507,000 after acquiring an additional 130 shares during the period. Covestor Ltd boosted its holdings in MSC Industrial Direct by 6.6% in the 4th quarter. Covestor Ltd now owns 2,325 shares of the industrial products company’s stock valued at $174,000 after purchasing an additional 143 shares during the period. Altrius Capital Management Inc grew its position in shares of MSC Industrial Direct by 0.3% during the 4th quarter. Altrius Capital Management Inc now owns 54,138 shares of the industrial products company’s stock worth $4,044,000 after purchasing an additional 159 shares in the last quarter. Orion Portfolio Solutions LLC increased its holdings in shares of MSC Industrial Direct by 0.4% during the fourth quarter. Orion Portfolio Solutions LLC now owns 38,611 shares of the industrial products company’s stock worth $2,884,000 after purchasing an additional 166 shares during the period. Finally, UMB Bank n.a. raised its position in shares of MSC Industrial Direct by 54.0% in the fourth quarter. UMB Bank n.a. now owns 476 shares of the industrial products company’s stock valued at $36,000 after buying an additional 167 shares in the last quarter. Institutional investors own 79.26% 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 and services in the United States, Canada, Mexico, the United Kingdom, and internationally. The company's MRO products include 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.