MSC Industrial Direct Co. (NYSE:MSM) had its price target increased by KeyCorp from $90.00 to $97.00 in a report released on Tuesday morning. They currently have an overweight rating on the stock.

Several other equities research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of MSC Industrial Direct from a hold rating to a sell rating in a report on Tuesday, September 20th. Macquarie initiated coverage on shares of MSC Industrial Direct in a report on Thursday, August 25th. They issued a neutral rating and a $80.00 target price on the stock. Stephens raised shares of MSC Industrial Direct from an equal weight rating to an overweight rating and set a $102.00 target price on the stock in a report on Monday, November 21st. Credit Suisse Group AG initiated coverage on shares of MSC Industrial Direct in a report on Friday, August 19th. They issued an underperform rating and a $65.00 target price on the stock. Finally, Wells Fargo & Co. reaffirmed a hold rating on shares of MSC Industrial Direct in a report on Sunday, September 4th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $81.00.

Analyst Recommendations for MSC Industrial Direct (NYSE:MSM)

MSC Industrial Direct (NYSE:MSM) opened at 88.81 on Tuesday. MSC Industrial Direct has a 52 week low of $54.19 and a 52 week high of $89.76. The firm has a market cap of $5.02 billion, a PE ratio of 23.55 and a beta of 0.45. The stock has a 50 day moving average of $77.19 and a 200 day moving average of $73.95.

MSC Industrial Direct (NYSE:MSM) last announced its quarterly earnings results on Tuesday, November 1st. The company reported $1.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.04. The firm had revenue of $745.10 million for the quarter, compared to analyst estimates of $736.53 million. MSC Industrial Direct had a net margin of 8.07% and a return on equity of 17.62%. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.96 EPS. Analysts anticipate that MSC Industrial Direct will post $3.87 EPS for the current year.

TRADEMARK VIOLATION WARNING: This story was first published by Financial Market News and is the propert of of Financial Market News. If you are accessing this story on another domain, it was copied illegally and republished in violation of United States & international copyright & trademark legislation. The legal version of this story can be accessed at http://www.financial-market-news.com/msc-industrial-direct-co-msm-price-target-increased-to-97-00-by-analysts-at-keycorp/1210455/.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 29th. Shareholders of record on Tuesday, November 15th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, November 11th. This is an increase from MSC Industrial Direct’s previous quarterly dividend of $0.43. This represents a $1.80 dividend on an annualized basis and a yield of 2.03%. MSC Industrial Direct’s dividend payout ratio is presently 47.87%.

In related news, EVP Douglas E. Jones sold 999 shares of the stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $84.17, for a total value of $84,085.83. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Christopher Davanzo sold 3,881 shares of the stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $87.00, for a total transaction of $337,647.00. Following the completion of the sale, the senior vice president now owns 10,386 shares in the company, valued at $903,582. The disclosure for this sale can be found here. Company insiders own 31.75% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. IBM Retirement Fund increased its stake in shares of MSC Industrial Direct by 0.3% in the second quarter. IBM Retirement Fund now owns 4,785 shares of the company’s stock worth $338,000 after buying an additional 13 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of MSC Industrial Direct by 0.8% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 6,895 shares of the company’s stock worth $487,000 after buying an additional 52 shares in the last quarter. Capstone Asset Management Co. increased its stake in shares of MSC Industrial Direct by 1.2% in the third quarter. Capstone Asset Management Co. now owns 5,213 shares of the company’s stock worth $383,000 after buying an additional 60 shares in the last quarter. Freestone Capital Holdings LLC increased its stake in shares of MSC Industrial Direct by 0.3% in the second quarter. Freestone Capital Holdings LLC now owns 24,878 shares of the company’s stock worth $1,755,000 after buying an additional 65 shares in the last quarter. Finally, Raymond James Trust N.A. increased its stake in shares of MSC Industrial Direct by 2.0% in the second quarter. Raymond James Trust N.A. now owns 3,931 shares of the company’s stock worth $277,000 after buying an additional 76 shares in the last quarter. Institutional investors and hedge funds own 83.31% of the company’s stock.

MSC Industrial Direct Company Profile

MSC Industrial Direct Co, Inc (MSC) is direct marketers and distributors of a range of metalworking and maintenance, repair and operations (MRO) products to customers throughout the United States. The Company operates primarily in the United States, with customers in all 50 states, through a network of five customer fulfillment centers (four customer fulfillment centers are located within the United States and one is located in the United Kingdom and 106 branch offices (104 branches are located within the United States, one is located in the United Kingdom and the other is located in Mexico).

5 Day Chart for NYSE:MSM

Receive News & Ratings for MSC Industrial Direct Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MSC Industrial Direct Co. and related companies with MarketBeat.com's FREE daily email newsletter.