Robert W. Baird Boosts MSC Industrial Direct (NYSE:MSM) Price Target to $91.00

MSC Industrial Direct (NYSE:MSM) had its target price increased by analysts at Robert W. Baird from $84.00 to $91.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the industrial products company’s stock. Robert W. Baird’s price target would indicate a potential upside of 10.50% from the stock’s current price.

MSM has been the subject of a number of other research reports. Loop Capital reduced their price objective on MSC Industrial Direct from $80.00 to $75.00 and set a “hold” rating for the company in a report on Wednesday, July 3rd. JPMorgan Chase & Co. decreased their price target on shares of MSC Industrial Direct from $81.00 to $80.00 and set a “neutral” rating for the company in a research note on Wednesday, July 3rd. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, MSC Industrial Direct has an average rating of “Hold” and an average target price of $91.60.

MSC Industrial Direct Stock Performance

MSM opened at $82.35 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.92 and a current ratio of 2.01. The business’s 50-day simple moving average is $81.79 and its 200 day simple moving average is $84.99. The firm has a market capitalization of $4.62 billion, a PE ratio of 15.99 and a beta of 0.86. MSC Industrial Direct has a 52-week low of $75.05 and a 52-week high of $105.77.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MSM. Blue Trust Inc. grew its stake in shares of MSC Industrial Direct by 1,142.3% in the second quarter. Blue Trust Inc. now owns 323 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 297 shares during the period. Ridgewood Investments LLC bought a new position in shares of MSC Industrial Direct during the 2nd quarter valued at approximately $26,000. UMB Bank n.a. increased its stake in MSC Industrial Direct by 442.1% during the third quarter. UMB Bank n.a. now owns 309 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 252 shares during the last quarter. Quest Partners LLC raised its stake in shares of MSC Industrial Direct by 35,300.0% in the second quarter. Quest Partners LLC now owns 354 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 353 shares during the period. Finally, Future Financial Wealth Managment LLC bought a new stake in MSC Industrial Direct in the first quarter worth about $29,000. Institutional investors own 79.26% of the company’s stock.

About MSC Industrial Direct

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.