Commerce Bank Has $347,000 Holdings in MSA Safety Incorporated (NYSE:MSA)

Commerce Bank trimmed its position in shares of MSA Safety Incorporated (NYSE:MSA) by 88.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,954 shares of the industrial products company’s stock after selling 14,391 shares during the period. Commerce Bank’s holdings in MSA Safety were worth $347,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its position in shares of MSA Safety by 198.8% during the 2nd quarter. GAMMA Investing LLC now owns 245 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 163 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of MSA Safety by 486.0% in the 3rd quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 209 shares in the last quarter. Covestor Ltd boosted its holdings in shares of MSA Safety by 985.1% in the 3rd quarter. Covestor Ltd now owns 803 shares of the industrial products company’s stock valued at $143,000 after purchasing an additional 729 shares in the last quarter. Kowal Investment Group LLC bought a new position in shares of MSA Safety in the 2nd quarter valued at $204,000. Finally, CIBC Asset Management Inc acquired a new position in shares of MSA Safety during the 2nd quarter worth $206,000. 92.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, B. Riley initiated coverage on MSA Safety in a research report on Tuesday, November 5th. They issued a “buy” rating and a $200.00 target price on the stock.

MSA Safety Price Performance

Shares of MSA opened at $174.78 on Wednesday. The company has a quick ratio of 1.56, a current ratio of 2.68 and a debt-to-equity ratio of 0.48. The stock has a market cap of $6.87 billion, a PE ratio of 25.26 and a beta of 0.99. MSA Safety Incorporated has a 12-month low of $160.02 and a 12-month high of $200.60. The business has a 50-day simple moving average of $172.88 and a two-hundred day simple moving average of $179.21.

MSA Safety (NYSE:MSA) last announced its earnings results on Wednesday, October 23rd. The industrial products company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.78 by $0.05. The firm had revenue of $432.68 million for the quarter, compared to the consensus estimate of $449.95 million. MSA Safety had a return on equity of 29.14% and a net margin of 15.16%. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.78 EPS. Analysts anticipate that MSA Safety Incorporated will post 7.64 earnings per share for the current fiscal year.

MSA Safety Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date is Friday, November 15th. MSA Safety’s dividend payout ratio is presently 29.48%.

MSA Safety 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.