ING Groep NV Invests $311,000 in MSA Safety Incorporporated (MSA)

ING Groep NV bought a new stake in shares of MSA Safety Incorporporated (NYSE:MSA) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,831 shares of the industrial products company’s stock, valued at approximately $311,000.

A number of other hedge funds have also made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of MSA Safety Incorporporated by 71.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,436 shares of the industrial products company’s stock valued at $102,000 after buying an additional 597 shares during the period. Capstone Asset Management Co. acquired a new stake in shares of MSA Safety Incorporporated during the first quarter valued at about $201,000. LS Investment Advisors LLC raised its stake in shares of MSA Safety Incorporporated by 16.8% in the second quarter. LS Investment Advisors LLC now owns 2,480 shares of the industrial products company’s stock valued at $201,000 after buying an additional 357 shares during the period. Wilbanks Smith & Thomas Asset Management LLC acquired a new stake in shares of MSA Safety Incorporporated during the first quarter valued at about $202,000. Finally, Park National Corp OH acquired a new stake in shares of MSA Safety Incorporporated during the second quarter valued at about $205,000. Institutional investors own 64.29% of the company’s stock.

Shares of MSA Safety Incorporporated (MSA) traded down 1.48% during trading on Thursday, reaching $67.70. 102,044 shares of the company’s stock traded hands. MSA Safety Incorporporated has a one year low of $53.10 and a one year high of $84.86. The stock has a market cap of $2.58 billion, a P/E ratio of 34.11 and a beta of 1.62. The company has a 50 day moving average price of $78.81 and a 200-day moving average price of $75.06.

MSA Safety Incorporporated (NYSE:MSA) last announced its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.85 EPS for the quarter, missing the Zacks’ consensus estimate of $0.87 by $0.02. MSA Safety Incorporporated had a return on equity of 19.64% and a net margin of 6.74%. The company had revenue of $288.78 million for the quarter, compared to analyst estimates of $302.94 million. During the same period in the prior year, the firm posted $0.79 earnings per share. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. On average, equities research analysts expect that MSA Safety Incorporporated will post $3.16 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, September 10th. Stockholders of record on Wednesday, August 16th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend is Monday, August 14th. MSA Safety Incorporporated’s dividend payout ratio is presently 71.07%.

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MSA has been the subject of several recent research reports. Stifel Nicolaus boosted their target price on shares of MSA Safety Incorporporated from $81.00 to $91.00 and gave the company a “buy” rating in a research report on Monday, May 22nd. Zacks Investment Research upgraded shares of MSA Safety Incorporporated from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a research report on Tuesday, May 2nd. BidaskClub lowered shares of MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. Robert W. Baird boosted their target price on shares of MSA Safety Incorporporated from $82.00 to $84.00 and gave the company an “outperform” rating in a research report on Friday, June 30th. Finally, Barrington Research boosted their target price on shares of MSA Safety Incorporporated from $78.00 to $88.00 and gave the company an “outperform” rating in a research report on Thursday, April 27th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $87.50.

In other news, Director L Edward Shaw, Jr. sold 26,250 shares of the business’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $78.07, for a total transaction of $2,049,337.50. Following the completion of the transaction, the director now directly owns 493,962 shares of the company’s stock, valued at $38,563,613.34. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 15.53% of the company’s stock.

MSA Safety Incorporporated Company Profile

Mine Safety Appliances Company is engaged in the development, manufacture and supply of products that protect people’s health and safety. The Company’s line of safety products is used by workers worldwide in the fire service, homeland security, oil and gas, construction and other industries, as well as the military.

Want to see what other hedge funds are holding MSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MSA Safety Incorporporated (NYSE:MSA).

Institutional Ownership by Quarter for MSA Safety Incorporporated (NYSE:MSA)

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