Fifth Third Bancorp Acquires 101,818 Shares of MSA Safety Incorporporated $MSA

Fifth Third Bancorp boosted its stake in shares of MSA Safety Incorporporated (NYSE:MSAFree Report) by 15,958.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 102,456 shares of the industrial products company’s stock after buying an additional 101,818 shares during the quarter. Fifth Third Bancorp’s holdings in MSA Safety Incorporporated were worth $16,798,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the company. Brown Brothers Harriman & Co. boosted its holdings in MSA Safety Incorporporated by 700.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 144 shares of the industrial products company’s stock worth $25,000 after buying an additional 126 shares during the period. Root Financial Partners LLC increased its stake in MSA Safety Incorporporated by 109.3% in the 1st quarter. Root Financial Partners LLC now owns 157 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 82 shares during the last quarter. eCIO Inc. bought a new stake in MSA Safety Incorporporated in the fourth quarter worth $27,000. EverSource Wealth Advisors LLC raised its position in shares of MSA Safety Incorporporated by 94.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 198 shares of the industrial products company’s stock valued at $33,000 after buying an additional 96 shares in the last quarter. Finally, Kelleher Financial Advisors purchased a new stake in MSA Safety Incorporporated during the fourth quarter valued at approximately $50,000. 92.51% of the stock is currently owned by institutional investors.

Insider Activity at MSA Safety Incorporporated

In other MSA Safety Incorporporated news, CFO Julie A. Beck acquired 448 shares of the business’s stock in a transaction dated Thursday, June 11th. The stock was acquired at an average cost of $158.69 per share, for a total transaction of $71,093.12. Following the completion of the transaction, the chief financial officer directly owned 3,825 shares of the company’s stock, valued at $606,989.25. This represents a 13.27% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is owned by company insiders.

MSA Safety Incorporporated Trading Down 0.4%

NYSE MSA opened at $167.85 on Wednesday. The company has a market capitalization of $6.48 billion, a PE ratio of 22.68 and a beta of 0.95. The company has a fifty day moving average of $167.32 and a 200 day moving average of $174.39. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.17 and a quick ratio of 1.92. MSA Safety Incorporporated has a 1 year low of $151.10 and a 1 year high of $208.92.

MSA Safety Incorporporated (NYSE:MSAGet Free Report) last issued its earnings results on Monday, May 4th. The industrial products company reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.14. The firm had revenue of $463.63 million for the quarter, compared to the consensus estimate of $451.28 million. MSA Safety Incorporporated had a return on equity of 24.54% and a net margin of 15.16%.The company’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.68 earnings per share. Research analysts forecast that MSA Safety Incorporporated will post 8.86 earnings per share for the current year.

MSA Safety Incorporporated Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were given a dividend of $0.54 per share. This is a boost from MSA Safety Incorporporated’s previous quarterly dividend of $0.53. The ex-dividend date was Friday, May 15th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.3%. MSA Safety Incorporporated’s payout ratio is 29.19%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on MSA shares. Robert W. Baird set a $197.00 target price on shares of MSA Safety Incorporporated in a report on Wednesday, May 6th. Jefferies Financial Group reissued a “hold” rating and set a $180.00 price target (down from $200.00) on shares of MSA Safety Incorporporated in a research report on Tuesday, March 31st. Weiss Ratings lowered shares of MSA Safety Incorporporated from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 29th. DA Davidson cut their target price on MSA Safety Incorporporated from $235.00 to $206.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Finally, Wall Street Zen upgraded MSA Safety Incorporporated from a “hold” rating to a “strong-buy” rating in a report on Saturday, May 9th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $200.00.

Get Our Latest Report on MSA Safety Incorporporated

About MSA Safety Incorporporated

(Free Report)

MSA Safety Incorporated develops, manufactures and supplies a wide range of safety products designed to protect workers in hazardous environments. The company’s offerings span personal protective equipment such as industrial helmets, face shields, protective clothing and fall protection devices, as well as fixed and portable gas detection and monitoring systems. MSA’s products are used in industries including oil and gas, mining, construction, fire service, and chemical processing to guard against risks such as gas leaks, impacts, flame exposure and falls from height.

Key product lines include self-contained breathing apparatus (SCBA) and air-purifying respirators, gas detectors and sensors, head and face protection, and fall arrest systems.

Further Reading

Want to see what other hedge funds are holding MSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MSA Safety Incorporporated (NYSE:MSAFree Report).

Institutional Ownership by Quarter for MSA Safety Incorporporated (NYSE:MSA)

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