Howe & Rusling Inc. Buys New Position in MSA Safety Incorporporated $MSA

Howe & Rusling Inc. purchased a new position in shares of MSA Safety Incorporporated (NYSE:MSA) during the second quarter, Holdings Channel reports. The firm purchased 1,346 shares of the industrial products company’s stock, valued at approximately $225,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in shares of MSA Safety Incorporporated by 1.4% in the first quarter. JPMorgan Chase & Co. now owns 2,027,471 shares of the industrial products company’s stock valued at $297,410,000 after acquiring an additional 27,692 shares during the period. Champlain Investment Partners LLC raised its position in MSA Safety Incorporporated by 28.4% in the 1st quarter. Champlain Investment Partners LLC now owns 1,738,675 shares of the industrial products company’s stock valued at $255,046,000 after purchasing an additional 384,365 shares during the last quarter. Cooke & Bieler LP boosted its stake in MSA Safety Incorporporated by 14.4% during the 2nd quarter. Cooke & Bieler LP now owns 813,762 shares of the industrial products company’s stock worth $136,330,000 after purchasing an additional 102,318 shares during the period. M&G PLC grew its position in MSA Safety Incorporporated by 5,607.2% during the 2nd quarter. M&G PLC now owns 722,251 shares of the industrial products company’s stock worth $121,338,000 after purchasing an additional 709,596 shares during the last quarter. Finally, Channing Capital Management LLC increased its stake in MSA Safety Incorporporated by 2.8% in the first quarter. Channing Capital Management LLC now owns 493,655 shares of the industrial products company’s stock valued at $72,414,000 after purchasing an additional 13,460 shares during the period. Hedge funds and other institutional investors own 92.51% of the company’s stock.

MSA Safety Incorporporated Stock Down 2.0%

Shares of NYSE:MSA opened at $153.01 on Friday. MSA Safety Incorporporated has a fifty-two week low of $127.86 and a fifty-two week high of $182.85. The company has a quick ratio of 1.90, a current ratio of 3.08 and a debt-to-equity ratio of 0.48. The firm’s 50-day simple moving average is $165.74 and its 200-day simple moving average is $167.69. The company has a market cap of $5.99 billion, a price-to-earnings ratio of 21.58 and a beta of 0.99.

MSA Safety Incorporporated (NYSE:MSA) last announced its quarterly earnings data on Tuesday, October 28th. The industrial products company reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.04. MSA Safety Incorporporated had a net margin of 15.02% and a return on equity of 25.23%. The firm had revenue of $468.45 million during the quarter, compared to the consensus estimate of $461.37 million. During the same quarter last year, the firm earned $1.83 earnings per share. The firm’s revenue was up 8.3% compared to the same quarter last year. As a group, equities research analysts predict that MSA Safety Incorporporated will post 8.06 earnings per share for the current year.

MSA Safety Incorporporated Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be issued a dividend of $0.5625 per share. This is a boost from MSA Safety Incorporporated’s previous quarterly dividend of $0.53. This represents a $2.25 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, November 14th. MSA Safety Incorporporated’s dividend payout ratio is currently 29.90%.

Insider Transactions at MSA Safety Incorporporated

In other MSA Safety Incorporporated news, President Stephanie L. Sciullo sold 2,361 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $169.51, for a total value of $400,213.11. Following the completion of the transaction, the president owned 9,083 shares in the company, valued at approximately $1,539,659.33. This represents a 20.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on MSA shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of MSA Safety Incorporporated in a research note on Wednesday, October 8th. Wall Street Zen cut MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $189.20.

MSA Safety Incorporporated Company Profile

MSA Safety Incorporated develops, manufactures, and supplies safety products and technology solutions that protect people and facility infrastructures in the fire service, energy, utility, construction, and industrial manufacturing applications, as well as heating, ventilation, air conditioning, and refrigeration industries worldwide.