MSA Safety Incorporporated (MSA) To Go Ex-Dividend on May 15th

MSA Safety Incorporporated (NYSE:MSA) declared a quarterly dividend on Monday, May 4th. Investors of record on Friday, May 15th will be paid a dividend of 0.54 per share by the industrial products company on Wednesday, June 10th. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, May 15th. This is a 1.9% increase from MSA Safety Incorporporated’s previous quarterly dividend of $0.53.

MSA Safety Incorporporated has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 56 consecutive years. MSA Safety Incorporporated has a dividend payout ratio of 24.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect MSA Safety Incorporporated to earn $9.51 per share next year, which means the company should continue to be able to cover its $2.12 annual dividend with an expected future payout ratio of 22.3%.

MSA Safety Incorporporated Trading Up 2.3%

Shares of NYSE:MSA opened at $169.13 on Wednesday. MSA Safety Incorporporated has a 52 week low of $151.10 and a 52 week high of $208.92. The company’s 50 day moving average is $175.61 and its two-hundred day moving average is $172.12. The company has a current ratio of 3.01, a quick ratio of 1.82 and a debt-to-equity ratio of 0.42. The company has a market cap of $6.56 billion, a PE ratio of 22.86 and a beta of 0.97.

MSA Safety Incorporporated (NYSE:MSA) last announced its quarterly earnings data on Monday, May 4th. The industrial products company reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.14. The business had revenue of $463.63 million for the quarter, compared to analyst estimates of $451.28 million. MSA Safety Incorporporated had a net margin of 15.16% and a return on equity of 24.77%. The company’s revenue was up 10.0% on a year-over-year basis. During the same period last year, the business earned $1.68 EPS. Equities analysts predict that MSA Safety Incorporporated will post 8.74 earnings per share for the current fiscal year.

Insider Buying and Selling at MSA Safety Incorporporated

In related news, CAO Jonathan D. Buck sold 1,100 shares of the company’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $203.48, for a total value of $223,828.00. Following the completion of the sale, the chief accounting officer directly owned 3,234 shares of the company’s stock, valued at $658,054.32. This represents a 25.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On MSA Safety Incorporporated

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MSA. Cooke & Bieler LP grew its position in MSA Safety Incorporporated by 1.3% during the 3rd quarter. Cooke & Bieler LP now owns 824,620 shares of the industrial products company’s stock worth $141,892,000 after purchasing an additional 10,858 shares during the last quarter. New York State Common Retirement Fund raised its holdings in shares of MSA Safety Incorporporated by 2.4% in the third quarter. New York State Common Retirement Fund now owns 156,293 shares of the industrial products company’s stock valued at $26,893,000 after buying an additional 3,600 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of MSA Safety Incorporporated during the third quarter worth about $782,000. Alps Advisors Inc. acquired a new stake in shares of MSA Safety Incorporporated during the third quarter worth about $15,282,000. Finally, Citigroup Inc. grew its holdings in shares of MSA Safety Incorporporated by 123.6% during the third quarter. Citigroup Inc. now owns 46,775 shares of the industrial products company’s stock worth $8,049,000 after buying an additional 25,856 shares during the last quarter. Hedge funds and other institutional investors own 92.51% of the company’s stock.

MSA Safety Incorporporated Company Profile

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.