Advisors Asset Management Inc. Sells 4,156 Shares of MSA Safety Incorporated (NYSE:MSA)

Advisors Asset Management Inc. trimmed its position in MSA Safety Incorporated (NYSE:MSA) by 50.5% during the third quarter, HoldingsChannel.com reports. The fund owned 4,067 shares of the industrial products company’s stock after selling 4,156 shares during the quarter. Advisors Asset Management Inc.’s holdings in MSA Safety were worth $721,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in MSA. Kennedy Capital Management LLC increased its stake in shares of MSA Safety by 5.9% in the 1st quarter. Kennedy Capital Management LLC now owns 18,308 shares of the industrial products company’s stock valued at $3,544,000 after purchasing an additional 1,014 shares during the last quarter. Janus Henderson Group PLC boosted its stake in MSA Safety by 1,601.5% in the first quarter. Janus Henderson Group PLC now owns 312,222 shares of the industrial products company’s stock valued at $60,443,000 after buying an additional 293,872 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in MSA Safety by 6.9% in the first quarter. B. Riley Wealth Advisors Inc. now owns 4,140 shares of the industrial products company’s stock valued at $801,000 after buying an additional 266 shares in the last quarter. Tidal Investments LLC grew its position in MSA Safety by 45.1% in the first quarter. Tidal Investments LLC now owns 4,974 shares of the industrial products company’s stock valued at $963,000 after acquiring an additional 1,546 shares during the last quarter. Finally, Comerica Bank raised its stake in MSA Safety by 23.7% during the first quarter. Comerica Bank now owns 25,203 shares of the industrial products company’s stock worth $4,879,000 after acquiring an additional 4,823 shares in the last quarter. 92.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

MSA Safety Price Performance

Shares of MSA opened at $174.78 on Wednesday. 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 Incorporated has a 12-month low of $160.02 and a 12-month high of $200.60. The stock has a market cap of $6.87 billion, a PE ratio of 25.26 and a beta of 0.99. The company has a quick ratio of 1.56, a current ratio of 2.68 and a debt-to-equity ratio of 0.48.

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

MSA Safety Dividend Announcement

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

MSA Safety 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.