Edmond DE Rothschild Holding S.A. Decreases Stock Position in MSA Safety Incorporporated $MSA

Edmond DE Rothschild Holding S.A. lessened its holdings in MSA Safety Incorporporated (NYSE:MSA) by 55.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,928 shares of the industrial products company’s stock after selling 7,438 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in MSA Safety Incorporporated were worth $993,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Bayforest Capital Ltd increased its holdings in shares of MSA Safety Incorporporated by 3,400.0% during the first quarter. Bayforest Capital Ltd now owns 175 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 170 shares in the last quarter. Penserra Capital Management LLC purchased a new stake in MSA Safety Incorporporated during the 2nd quarter worth approximately $33,000. Steward Partners Investment Advisory LLC increased its position in shares of MSA Safety Incorporporated by 397.7% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 219 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 175 shares during the period. Parallel Advisors LLC increased its stake in shares of MSA Safety Incorporporated by 115.4% in the second quarter. Parallel Advisors LLC now owns 293 shares of the industrial products company’s stock worth $49,000 after acquiring an additional 157 shares during the period. Finally, Allworth Financial LP grew 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 during the period. Institutional investors and hedge funds own 92.51% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Jonathan D. Buck sold 333 shares of the business’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $161.00, for a total transaction of $53,613.00. Following the completion of the sale, the chief accounting officer owned 4,434 shares of the company’s stock, valued at $713,874. The trade was a 6.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Stephanie L. Sciullo sold 2,361 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $169.51, for a total value of $400,213.11. Following the sale, the president owned 9,083 shares of the company’s stock, valued at approximately $1,539,659.33. This trade represents a 20.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.70% of the company’s stock.

MSA Safety Incorporporated Stock Performance

Shares of MSA stock opened at $161.22 on Thursday. The company has a current ratio of 3.08, a quick ratio of 1.90 and a debt-to-equity ratio of 0.48. MSA Safety Incorporporated has a 12-month low of $127.86 and a 12-month high of $182.85. The business’s 50 day moving average is $164.86 and its two-hundred day moving average is $167.81. The company has a market capitalization of $6.31 billion, a P/E ratio of 22.74 and a beta of 0.99.

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

MSA Safety Incorporporated Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be issued a $0.5625 dividend. This represents a $2.25 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, November 14th. This is a boost from MSA Safety Incorporporated’s previous quarterly dividend of $0.53. MSA Safety Incorporporated’s payout ratio is presently 29.90%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MSA. Weiss Ratings reissued a “buy (b-)” rating on shares of MSA Safety Incorporporated in a report on Wednesday, October 8th. Wall Street Zen lowered shares of MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $189.20.

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.