California Public Employees Retirement System boosted its position in MSA Safety Incorporated (NYSE:MSA) by 2.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 54,793 shares of the industrial products company’s stock after acquiring an additional 1,293 shares during the period. California Public Employees Retirement System owned 0.14% of MSA Safety worth $4,357,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in MSA. Riverhead Capital Management LLC boosted its stake in shares of MSA Safety by 58.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,265 shares of the industrial products company’s stock valued at $103,000 after purchasing an additional 465 shares in the last quarter. Citigroup Inc. boosted its stake in shares of MSA Safety by 18.3% during the 2nd quarter. Citigroup Inc. now owns 1,401 shares of the industrial products company’s stock valued at $114,000 after purchasing an additional 217 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of MSA Safety by 8.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,560 shares of the industrial products company’s stock valued at $127,000 after purchasing an additional 124 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of MSA Safety by 3.3% during the 2nd quarter. Royal Bank of Canada now owns 1,643 shares of the industrial products company’s stock valued at $133,000 after purchasing an additional 53 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of MSA Safety by 126.6% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,817 shares of the industrial products company’s stock valued at $144,000 after purchasing an additional 1,015 shares in the last quarter. 67.19% of the stock is currently owned by institutional investors and hedge funds.
Shares of MSA Safety Incorporated (NYSE:MSA) opened at $78.85 on Thursday. MSA Safety Incorporated has a 52 week low of $65.95 and a 52 week high of $86.36. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.52 and a current ratio of 2.11. The firm has a market cap of $2,970.00, a PE ratio of 36.00 and a beta of 1.70.
MSA Safety (NYSE:MSA) last posted its quarterly earnings data on Thursday, October 19th. The industrial products company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.79 by $0.13. MSA Safety had a net margin of 7.32% and a return on equity of 20.56%. The business had revenue of $296.13 million for the quarter, compared to analyst estimates of $298.47 million. During the same quarter in the previous year, the firm posted $0.72 earnings per share. MSA Safety’s quarterly revenue was up 6.4% on a year-over-year basis. sell-side analysts forecast that MSA Safety Incorporated will post 3.31 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 10th. Investors of record on Wednesday, February 14th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend is Tuesday, February 13th. MSA Safety’s payout ratio is currently 63.93%.
MSA has been the topic of a number of research reports. Robert W. Baird lifted their target price on shares of MSA Safety from $80.00 to $89.00 and gave the company a “neutral” rating in a research note on Sunday, October 22nd. Zacks Investment Research lowered shares of MSA Safety from a “hold” rating to a “sell” rating in a research note on Friday, October 20th. Finally, Barrington Research reaffirmed a “market perform” rating on shares of MSA Safety in a research note on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $89.00.
In related news, insider Nishan J. Vartanian sold 705 shares of the business’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $79.46, for a total transaction of $56,019.30. Following the sale, the insider now owns 32,160 shares of the company’s stock, valued at $2,555,433.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman William M. Lambert sold 29,798 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $79.91, for a total transaction of $2,381,158.18. Following the sale, the chairman now directly owns 164,468 shares in the company, valued at approximately $13,142,637.88. The disclosure for this sale can be found here. Insiders have sold 113,413 shares of company stock worth $9,074,831 in the last three months. 11.47% of the stock is currently owned by insiders.
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About MSA Safety
Mine Safety Appliances Company is engaged in the development, manufacture and supply of products that protect people’s health and safety. The Company’s line of safety products is used by workers worldwide in the fire service, homeland security, oil and gas, construction and other industries, as well as the military.
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