Commonwealth Equity Services LLC boosted its position in shares of MSA Safety Inc (NYSE:MSA) by 9.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,185 shares of the industrial products company’s stock after purchasing an additional 278 shares during the quarter. Commonwealth Equity Services LLC’s holdings in MSA Safety were worth $347,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Krane Funds Advisors LLC bought a new stake in MSA Safety during the 2nd quarter worth about $60,000. Acadian Asset Management LLC bought a new stake in MSA Safety during the 2nd quarter worth about $164,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in MSA Safety by 8.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,260 shares of the industrial products company’s stock worth $247,000 after purchasing an additional 182 shares during the last quarter. Brown Advisory Inc. bought a new stake in MSA Safety during the 2nd quarter worth about $244,000. Finally, Janney Montgomery Scott LLC raised its holdings in MSA Safety by 5.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 2,389 shares of the industrial products company’s stock worth $261,000 after purchasing an additional 125 shares during the last quarter. 74.12% of the stock is owned by hedge funds and other institutional investors.
Shares of MSA stock opened at $122.67 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.62 and a quick ratio of 1.88. The stock has a market cap of $4.83 billion, a PE ratio of 27.26 and a beta of 1.20. The stock has a 50-day moving average of $116.75 and a 200-day moving average of $107.90. MSA Safety Inc has a one year low of $86.72 and a one year high of $126.62.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 7th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.37%. MSA Safety’s dividend payout ratio (DPR) is presently 37.33%.
MSA has been the subject of several recent research reports. Zacks Investment Research cut MSA Safety from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. ValuEngine cut MSA Safety from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $111.83.
In other news, Chairman William M. Lambert sold 52,163 shares of the company’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $120.38, for a total value of $6,279,381.94. Following the completion of the sale, the chairman now directly owns 86,740 shares of the company’s stock, valued at approximately $10,441,761.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Douglas K. Mcclaine sold 6,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $113.16, for a total value of $678,960.00. Following the completion of the sale, the vice president now directly owns 17,093 shares of the company’s stock, valued at $1,934,243.88. The disclosure for this sale can be found here. Corporate insiders own 9.12% of the company’s stock.
About MSA Safety
MSA Safety Incorporated develops, manufactures, and supplies safety products that protect people and facility infrastructures in the oil, gas, petrochemical, fire service, construction, utilities, and mining industries worldwide. It operates through Americas and International segments. The company's core product offerings include permanently installed fixed gas and flame detection instruments, such as permanently installed gas detection monitoring systems, and flame detectors and open-path infrared gas detectors, as well as replacement components and related services to detect the presence or absence of various gases in the air.
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