MSA Safety Incorporporated $MSA Shares Acquired by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. increased its holdings in shares of MSA Safety Incorporporated (NYSE:MSA) by 44.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 52,200 shares of the industrial products company’s stock after acquiring an additional 15,985 shares during the period. Jupiter Asset Management Ltd. owned approximately 0.13% of MSA Safety Incorporporated worth $8,745,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Bayforest Capital Ltd lifted its holdings in MSA Safety Incorporporated by 3,400.0% in 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 during the period. Penserra Capital Management LLC purchased a new position in shares of MSA Safety Incorporporated in the 2nd quarter valued at about $33,000. Parallel Advisors LLC lifted 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 valued at $49,000 after purchasing an additional 157 shares during the period. Allworth Financial LP boosted its holdings in MSA Safety Incorporporated by 34.8% during the second quarter. Allworth Financial LP now owns 298 shares of the industrial products company’s stock worth $50,000 after buying an additional 77 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in MSA Safety Incorporporated by 48.0% during the second quarter. GAMMA Investing LLC now owns 398 shares of the industrial products company’s stock worth $67,000 after buying an additional 129 shares during the period. Institutional investors and hedge funds own 92.51% of the company’s stock.

Insider Buying and Selling

In related news, President Stephanie L. Sciullo sold 2,361 shares of the stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $169.51, for a total transaction of $400,213.11. Following the transaction, the president directly owned 9,083 shares in the company, valued at approximately $1,539,659.33. This represents a 20.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. DA Davidson raised their price objective on MSA Safety Incorporporated from $183.00 to $203.00 and gave the company a “buy” rating in a research note on Tuesday, July 22nd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of MSA Safety Incorporporated in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $189.20.

MSA Safety Incorporporated Price Performance

Shares of NYSE:MSA opened at $158.92 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.90 and a current ratio of 3.08. The business’s fifty day moving average price is $167.19 and its two-hundred day moving average price is $167.68. The stock has a market cap of $6.22 billion, a PE ratio of 22.41 and a beta of 0.99. MSA Safety Incorporporated has a one year low of $127.86 and a one year high of $182.85.

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

MSA Safety Incorporporated Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th will be paid 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 an increase from MSA Safety Incorporporated’s previous quarterly dividend of $0.53. MSA Safety Incorporporated’s dividend payout ratio is presently 29.90%.

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.