MSA Safety Incorporporated (NYSE:MSA) to Issue Quarterly Dividend of $0.54

MSA Safety Incorporporated (NYSE:MSA) declared a quarterly dividend on Monday, August 3rd. Stockholders of record on Friday, August 14th will be paid a dividend of 0.54 per share by the industrial products company on Thursday, September 10th. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, August 14th.

MSA Safety Incorporporated has increased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 56 years. MSA Safety Incorporporated has a payout ratio of 25.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect MSA Safety Incorporporated to earn $9.68 per share next year, which means the company should continue to be able to cover its $2.16 annual dividend with an expected future payout ratio of 22.3%.

MSA Safety Incorporporated Stock Up 1.2%

Shares of MSA Safety Incorporporated stock opened at $192.56 on Tuesday. The stock’s 50-day moving average is $168.86 and its 200 day moving average is $175.28. MSA Safety Incorporporated has a one year low of $151.10 and a one year high of $208.92. The firm has a market cap of $7.43 billion, a price-to-earnings ratio of 23.95 and a beta of 0.94. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.24 and a quick ratio of 2.02.

MSA Safety Incorporporated (NYSE:MSA) last issued 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 return on equity of 25.12% and a net margin of 16.13%.The business had revenue of $503.33 million during the quarter, compared to the consensus estimate of $496.27 million. During the same period in the previous year, the company posted $1.93 earnings per share. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. Equities research analysts anticipate that MSA Safety Incorporporated will post 8.86 EPS for the current year.

Insider Buying and Selling at MSA Safety Incorporporated

In related news, CFO Julie A. Beck bought 448 shares of MSA Safety Incorporporated stock in a transaction dated Thursday, June 11th. The stock was purchased 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 of the company’s stock, valued at approximately $606,989.25. The trade was a 13.27% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On MSA Safety Incorporporated

Institutional investors have recently bought and sold shares of the company. Comerica Bank lifted its holdings in shares of MSA Safety Incorporporated by 30.6% during the 4th quarter. Comerica Bank now owns 103,450 shares of the industrial products company’s stock worth $16,567,000 after acquiring an additional 24,260 shares during the last quarter. Royce & Associates LP grew its stake in shares of MSA Safety Incorporporated by 11.4% in the fourth quarter. Royce & Associates LP now owns 95,838 shares of the industrial products company’s stock worth $15,347,000 after purchasing an additional 9,840 shares during the last quarter. GHP Investment Advisors Inc. bought a new stake in shares of MSA Safety Incorporporated in the fourth quarter worth about $1,243,000. Arbejdsmarkedets Tillaegspension purchased a new position in MSA Safety Incorporporated during the 4th quarter valued at about $23,604,000. Finally, Ruane Cunniff & Goldfarb L.P. raised its position in MSA Safety Incorporporated by 6.2% during the 4th quarter. Ruane Cunniff & Goldfarb L.P. now owns 1,811,635 shares of the industrial products company’s stock valued at $290,115,000 after purchasing an additional 106,349 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.