ProShare Advisors LLC increased its stake in shares of MSA Safety Incorporporated (NYSE:MSA – Free Report) by 3.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 159,258 shares of the industrial products company’s stock after purchasing an additional 4,588 shares during the quarter. ProShare Advisors LLC’s holdings in MSA Safety Incorporporated were worth $28,329,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vise Technologies Inc. raised its position in MSA Safety Incorporporated by 60.2% during the 3rd quarter. Vise Technologies Inc. now owns 2,347 shares of the industrial products company’s stock worth $418,000 after buying an additional 882 shares during the last quarter. State of Wyoming lifted its stake in shares of MSA Safety Incorporporated by 161.5% in the 3rd quarter. State of Wyoming now owns 1,135 shares of the industrial products company’s stock worth $202,000 after acquiring an additional 701 shares during the period. D.A. Davidson & CO. purchased a new stake in shares of MSA Safety Incorporporated in the third quarter valued at about $638,000. Schwartz Investment Counsel Inc. purchased a new stake in shares of MSA Safety Incorporporated in the third quarter valued at about $204,000. Finally, Pullen Investment Management LLC boosted its holdings in shares of MSA Safety Incorporporated by 0.6% in the third quarter. Pullen Investment Management LLC now owns 16,613 shares of the industrial products company’s stock valued at $2,955,000 after acquiring an additional 101 shares in the last quarter. 92.51% of the stock is currently owned by hedge funds and other institutional investors.
MSA Safety Incorporporated Stock Down 0.0%
MSA stock opened at $178.52 on Monday. The company has a market cap of $6.89 billion, a P/E ratio of 22.20 and a beta of 0.92. MSA Safety Incorporporated has a 52 week low of $151.10 and a 52 week high of $208.92. The company’s 50-day moving average price is $182.77 and its 200 day moving average price is $178.18. The company has a current ratio of 3.24, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42.
MSA Safety Incorporporated (NYSE:MSA – Get Free Report) last issued its earnings results on Thursday, July 30th. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.26. MSA Safety Incorporporated had a net margin of 16.13% and a return on equity of 25.13%. The company had revenue of $503.33 million during the quarter, compared to analysts’ expectations of $496.27 million. During the same period last year, the company posted $1.93 earnings per share. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. On average, research analysts expect that MSA Safety Incorporporated will post 9.08 earnings per share for the current fiscal year.
MSA Safety Incorporporated Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Friday, November 13th will be paid a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $2.16 annualized dividend and a dividend yield of 1.2%. MSA Safety Incorporporated’s payout ratio is 26.87%.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on MSA shares. Robert W. Baird boosted their price target on shares of MSA Safety Incorporporated from $197.00 to $215.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. DA Davidson set a $223.00 price objective on shares of MSA Safety Incorporporated in a research report on Tuesday, August 4th. JPMorgan Chase & Co. lifted their price objective on MSA Safety Incorporporated from $210.00 to $220.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Weiss Ratings raised MSA Safety Incorporporated from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, October 6th. Finally, Wall Street Zen cut MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a research report on Saturday, October 24th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, MSA Safety Incorporporated currently has a consensus rating of “Hold” and an average price target of $211.33.
Read Our Latest Stock Report on MSA Safety Incorporporated
Insider Buying and Selling
In related news, CAO Jonathan Buck sold 469 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $191.00, for a total value of $89,579.00. Following the sale, the chief accounting officer owned 3,776 shares in the company, valued at $721,216. This represents a 11.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Nishan Vartanian sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $193.99, for a total value of $3,879,800.00. Following the completion of the transaction, the chairman directly owned 50,324 shares of the company’s stock, valued at $9,762,352.76. The trade was a 28.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.70% of the company’s stock.
MSA Safety Incorporporated Profile
MSA Safety Incorporated (NYSE: MSA) develops and manufactures safety products and systems designed to protect workers and facility operations. Its offerings include industrial and firefighter helmets, eye and face protection, hearing protection, respiratory protection, protective clothing, and fall-protection equipment.
The company also provides portable and fixed gas-detection systems, flame detection and suppression technologies, thermal imaging cameras, and related software and services.
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