Jupiter Asset Management Ltd. Raises Holdings in MSA Safety Incorporporated $MSA

Jupiter Asset Management Ltd. boosted its position in MSA Safety Incorporporated (NYSE:MSA) by 44.1% during the second quarter, Holdings Channel.com reports. The fund owned 52,200 shares of the industrial products company’s stock after purchasing an additional 15,985 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in MSA Safety Incorporporated were worth $8,745,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Bayforest Capital Ltd raised its holdings in shares of MSA Safety Incorporporated by 3,400.0% in the 1st quarter. Bayforest Capital Ltd now owns 175 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 170 shares during the period. Penserra Capital Management LLC purchased a new stake in shares of MSA Safety Incorporporated during the 2nd quarter worth about $33,000. Parallel Advisors LLC increased its position in MSA Safety Incorporporated by 115.4% during the 2nd quarter. Parallel Advisors LLC now owns 293 shares of the industrial products company’s stock worth $49,000 after purchasing an additional 157 shares in the last quarter. Allworth Financial LP increased its position in MSA Safety Incorporporated by 34.8% during the 2nd quarter. Allworth Financial LP now owns 298 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 77 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in MSA Safety Incorporporated by 48.0% in the second quarter. GAMMA Investing LLC now owns 398 shares of the industrial products company’s stock valued at $67,000 after buying an additional 129 shares during the period. Hedge funds and other institutional investors own 92.51% of the company’s stock.

Insider Activity at MSA Safety Incorporporated

In related news, President Stephanie L. Sciullo sold 2,361 shares of MSA Safety Incorporporated stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $169.51, for a total value of $400,213.11. Following the completion of the transaction, the president directly owned 9,083 shares in the company, valued at approximately $1,539,659.33. This trade represents a 20.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

MSA has been the subject of several research reports. Wall Street Zen downgraded shares of MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. DA Davidson lifted their target price on shares of MSA Safety Incorporporated from $183.00 to $203.00 and gave the company a “buy” rating in a report on Tuesday, July 22nd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of MSA Safety Incorporporated in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, MSA Safety Incorporporated presently has a consensus rating of “Moderate Buy” and a consensus price target of $189.20.

MSA Safety Incorporporated Price Performance

MSA stock opened at $158.92 on Friday. The stock’s 50 day moving average is $167.19 and its two-hundred day moving average is $167.68. MSA Safety Incorporporated has a 52-week low of $127.86 and a 52-week high of $182.85. The company has a market capitalization of $6.22 billion, a PE ratio of 22.41 and a beta of 0.99. The company has a quick ratio of 1.90, a current ratio of 3.08 and a debt-to-equity ratio of 0.48.

MSA Safety Incorporporated (NYSE:MSA) last released its quarterly earnings results on Tuesday, October 28th. The industrial products company reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.04. The business had revenue of $468.45 million during the quarter, compared to the consensus estimate of $461.37 million. MSA Safety Incorporporated had a net margin of 15.02% and a return on equity of 25.23%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.83 earnings per share. Analysts predict that MSA Safety Incorporporated will post 8.06 earnings per share for the current fiscal year.

MSA Safety Incorporporated Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be paid a $0.5625 dividend. This is a boost from MSA Safety Incorporporated’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, November 14th. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.4%. MSA Safety Incorporporated’s dividend payout ratio (DPR) is currently 29.90%.

MSA Safety Incorporporated Company 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.