Morgan Dempsey Capital Management LLC lessened its stake in MSA Safety Inc (NYSE:MSA) by 4.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,916 shares of the industrial products company’s stock after selling 1,316 shares during the period. Morgan Dempsey Capital Management LLC owned about 0.07% of MSA Safety worth $2,731,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. WINTON GROUP Ltd increased its stake in shares of MSA Safety by 20.8% in the second quarter. WINTON GROUP Ltd now owns 3,627 shares of the industrial products company’s stock worth $382,000 after buying an additional 625 shares during the last quarter. Raymond James & Associates boosted its holdings in MSA Safety by 1.3% in the first quarter. Raymond James & Associates now owns 53,391 shares of the industrial products company’s stock worth $5,521,000 after purchasing an additional 677 shares during the period. Marshall Wace LLP acquired a new position in MSA Safety in the first quarter worth $967,000. JPMorgan Chase & Co. boosted its holdings in MSA Safety by 34.4% in the second quarter. JPMorgan Chase & Co. now owns 1,818,855 shares of the industrial products company’s stock worth $190,016,000 after purchasing an additional 465,461 shares during the period. Finally, BerganKDV Wealth Management LLC acquired a new position in MSA Safety in the first quarter worth $155,000. Institutional investors and hedge funds own 75.94% of the company’s stock.
Shares of MSA traded up $2.53 during midday trading on Thursday, hitting $103.88. 45,625 shares of the stock traded hands, compared to its average volume of 138,805. MSA Safety Inc has a 1-year low of $86.72 and a 1-year high of $113.06. The firm has a market capitalization of $3.86 billion, a PE ratio of 23.08 and a beta of 1.26. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.94 and a current ratio of 2.67. The business’s 50 day moving average price is $103.86 and its two-hundred day moving average price is $104.03.
MSA Safety (NYSE:MSA) last announced its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.05. The company had revenue of $349.68 million during the quarter, compared to the consensus estimate of $351.73 million. MSA Safety had a net margin of 8.89% and a return on equity of 28.35%. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.07 earnings per share. As a group, equities research analysts forecast that MSA Safety Inc will post 4.88 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Tuesday, August 20th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend is Monday, August 19th. MSA Safety’s payout ratio is currently 37.33%.
A number of research firms have commented on MSA. ValuEngine downgraded shares of MSA Safety from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Zacks Investment Research downgraded shares of MSA Safety from a “buy” rating to a “hold” rating in a report on Thursday, June 27th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $108.33.
In other MSA Safety news, CFO Kenneth D. Krause sold 3,800 shares of the business’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $104.00, for a total value of $395,200.00. Following the sale, the chief financial officer now directly owns 20,308 shares in the company, valued at $2,112,032. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Bob Willem Leenen sold 871 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $106.42, for a total transaction of $92,691.82. Following the completion of the sale, the vice president now owns 6,497 shares in the company, valued at $691,410.74. The disclosure for this sale can be found here. Corporate insiders own 9.12% of the company’s stock.
About MSA Safety
MSA Safety Incorporated develops, manufactures, and supplies safety products that protect people and facility infrastructures in the oil, gas, petrochemical, fire service, construction, utilities, and mining industries worldwide. It operates through Americas and International segments. The company's core product offerings include permanently installed fixed gas and flame detection instruments, such as permanently installed gas detection monitoring systems, and flame detectors and open-path infrared gas detectors, as well as replacement components and related services to detect the presence or absence of various gases in the air.
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