Arizona State Retirement System increased its position in MSA Safety Inc (NYSE:MSA) by 4.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,835 shares of the industrial products company’s stock after buying an additional 1,161 shares during the period. Arizona State Retirement System’s holdings in MSA Safety were worth $2,643,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in shares of MSA Safety in the 3rd quarter valued at about $115,000. Janney Montgomery Scott LLC acquired a new stake in shares of MSA Safety in the 2nd quarter valued at about $226,000. Diversified Trust Co acquired a new stake in shares of MSA Safety in the 2nd quarter valued at about $226,000. Strs Ohio grew its stake in shares of MSA Safety by 50.0% in the 2nd quarter. Strs Ohio now owns 3,000 shares of the industrial products company’s stock valued at $289,000 after buying an additional 1,000 shares during the period. Finally, Ramsey Quantitative Systems acquired a new stake in shares of MSA Safety in the 3rd quarter valued at about $410,000. Institutional investors own 71.69% of the company’s stock.
Several brokerages have recently commented on MSA. ValuEngine upgraded MSA Safety from a “hold” rating to a “buy” rating in a research note on Friday, July 20th. Stifel Nicolaus raised their target price on MSA Safety from $100.00 to $108.00 and gave the company a “buy” rating in a research note on Friday, July 27th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $100.00.
MSA Safety (NYSE:MSA) last released its quarterly earnings results on Wednesday, October 24th. The industrial products company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.11. The business had revenue of $331.10 million during the quarter, compared to the consensus estimate of $325.53 million. MSA Safety had a return on equity of 28.12% and a net margin of 4.94%. On average, analysts forecast that MSA Safety Inc will post 4.41 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Wednesday, November 14th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Tuesday, November 13th. This represents a $1.52 dividend on an annualized basis and a yield of 1.42%. MSA Safety’s dividend payout ratio (DPR) is currently 39.28%.
In other MSA Safety news, insider Douglas K. Mcclaine sold 10,568 shares of MSA Safety stock in a transaction dated Tuesday, October 30th. The stock was sold at an average price of $106.61, for a total transaction of $1,126,654.48. Following the completion of the transaction, the insider now owns 32,499 shares in the company, valued at approximately $3,464,718.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kenneth D. Krause sold 1,572 shares of MSA Safety stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $107.00, for a total value of $168,204.00. Following the transaction, the chief financial officer now owns 18,721 shares of the company’s stock, valued at approximately $2,003,147. The disclosure for this sale can be found here. 9.90% of the stock is currently owned by insiders.
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MSA Safety Company Profile
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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