Oppenheimer Asset Management Inc. Buys Shares of 10,143 MSA Safety Incorporporated $MSA

Oppenheimer Asset Management Inc. bought a new position in MSA Safety Incorporporated (NYSE:MSA) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 10,143 shares of the industrial products company’s stock, valued at approximately $1,771,000.

Other large investors also recently added to or reduced their stakes in the company. Royal Bank of Canada raised its holdings in shares of MSA Safety Incorporporated by 39.8% during the 1st quarter. Royal Bank of Canada now owns 47,391 shares of the industrial products company’s stock valued at $6,953,000 after purchasing an additional 13,501 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in MSA Safety Incorporporated in the first quarter worth $501,000. Jane Street Group LLC boosted its holdings in MSA Safety Incorporporated by 44.7% in the first quarter. Jane Street Group LLC now owns 4,401 shares of the industrial products company’s stock worth $646,000 after purchasing an additional 1,359 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in MSA Safety Incorporporated by 94.1% during the second quarter. EverSource Wealth Advisors LLC now owns 198 shares of the industrial products company’s stock worth $33,000 after buying an additional 96 shares during the last quarter. Finally, Baird Financial Group Inc. increased its position in MSA Safety Incorporporated by 31.5% during the second quarter. Baird Financial Group Inc. now owns 2,757 shares of the industrial products company’s stock worth $462,000 after buying an additional 661 shares during the last quarter. 92.51% of the stock is owned by institutional investors.

Insider Transactions at MSA Safety Incorporporated

In related news, CAO Jonathan D. Buck sold 469 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $191.00, for a total transaction of $89,579.00. Following the completion of the transaction, the chief accounting officer owned 3,776 shares of the company’s stock, valued at approximately $721,216. The trade was a 11.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Julie A. Beck acquired 448 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were acquired at an average cost of $158.69 per share, with a total value of $71,093.12. Following the transaction, the chief financial officer directly owned 3,825 shares in the company, valued at $606,989.25. The trade was a 13.27% increase in their position. The SEC filing for this purchase provides additional information. 0.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Wall Street Zen cut MSA Safety Incorporporated from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 25th. DA Davidson set a $223.00 price objective on MSA Safety Incorporporated in a report on Tuesday, August 4th. B. Riley Financial downgraded MSA Safety Incorporporated from a “buy” rating to a “neutral” rating and cut their price objective for the company from $210.00 to $195.00 in a research note on Monday, August 3rd. Weiss Ratings upgraded MSA Safety Incorporporated from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, August 7th. Finally, JPMorgan Chase & Co. upped their target price on MSA Safety Incorporporated from $210.00 to $220.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, MSA Safety Incorporporated presently has an average rating of “Hold” and an average price target of $211.33.

MSA Safety Incorporporated Stock Performance

NYSE:MSA opened at $189.11 on Monday. The firm has a market capitalization of $7.30 billion, a PE ratio of 23.52 and a beta of 0.94. MSA Safety Incorporporated has a 1 year low of $151.10 and a 1 year high of $208.92. The company has a current ratio of 3.24, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42. The firm’s fifty day simple moving average is $173.62 and its 200 day simple moving average is $175.92.

MSA Safety Incorporporated (NYSE:MSA) last released its earnings results on Thursday, July 30th. The industrial products company reported $2.40 earnings per share for the quarter, topping 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 firm had revenue of $503.33 million during the quarter, compared to analyst estimates of $496.27 million. During the same quarter in the previous year, the business earned $1.93 EPS. The business’s revenue was up 6.2% on a year-over-year basis. On average, sell-side analysts anticipate that MSA Safety Incorporporated will post 9.23 EPS for the current year.

MSA Safety Incorporporated Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 14th will be paid a $0.54 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.1%. MSA Safety Incorporporated’s payout ratio is presently 26.87%.

About MSA Safety Incorporporated

MSA Safety Incorporated develops, manufactures and supplies a wide range of safety products designed to protect workers in hazardous environments. The company’s offerings span personal protective equipment such as industrial helmets, face shields, protective clothing and fall protection devices, as well as fixed and portable gas detection and monitoring systems. MSA’s products are used in industries including oil and gas, mining, construction, fire service, and chemical processing to guard against risks such as gas leaks, impacts, flame exposure and falls from height.

Key product lines include self-contained breathing apparatus (SCBA) and air-purifying respirators, gas detectors and sensors, head and face protection, and fall arrest systems.