Rhumbline Advisers Acquires 2,802 Shares of MSA Safety Incorporporated $MSA

Rhumbline Advisers grew its holdings in MSA Safety Incorporporated (NYSE:MSA) by 2.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 111,572 shares of the industrial products company’s stock after purchasing an additional 2,802 shares during the period. Rhumbline Advisers’ holdings in MSA Safety Incorporporated were worth $18,692,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Legal & General Group Plc grew its holdings in shares of MSA Safety Incorporporated by 2.5% in the second quarter. Legal & General Group Plc now owns 78,622 shares of the industrial products company’s stock worth $13,172,000 after purchasing an additional 1,921 shares during the last quarter. Personal CFO Solutions LLC purchased a new stake in MSA Safety Incorporporated in the 2nd quarter valued at about $251,000. Howe & Rusling Inc. bought a new position in MSA Safety Incorporporated in the 2nd quarter worth about $225,000. Westwood Holdings Group Inc. purchased a new position in shares of MSA Safety Incorporporated during the second quarter worth approximately $27,988,000. Finally, Creative Planning increased its position in shares of MSA Safety Incorporporated by 37.4% during the second quarter. Creative Planning now owns 4,722 shares of the industrial products company’s stock worth $791,000 after acquiring an additional 1,285 shares during the period. 92.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MSA has been the subject of a number of research reports. Wall Street Zen upgraded MSA Safety Incorporporated from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of MSA Safety Incorporporated in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, MSA Safety Incorporporated has a consensus rating of “Moderate Buy” and a consensus target price of $189.20.

Insider Activity

In other news, CAO Jonathan D. Buck sold 333 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $161.00, for a total value of $53,613.00. Following the sale, the chief accounting officer directly owned 4,434 shares in the company, valued at approximately $713,874. This trade represents a 6.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Stephanie L. Sciullo sold 2,361 shares of MSA Safety Incorporporated stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $169.51, for a total transaction of $400,213.11. Following the completion of the transaction, the president directly owned 9,083 shares in the company, valued at approximately $1,539,659.33. The trade was a 20.63% decrease in their position. The SEC filing for this sale provides additional information. 0.70% of the stock is owned by insiders.

MSA Safety Incorporporated Price Performance

NYSE MSA opened at $161.30 on Friday. The company has a market cap of $6.32 billion, a PE ratio of 22.75 and a beta of 0.99. The firm’s 50 day moving average price is $164.48 and its 200-day moving average price is $167.76. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.90 and a current ratio of 3.08. MSA Safety Incorporporated has a 52-week low of $127.86 and a 52-week 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 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.04. The company had revenue of $468.45 million during the quarter, compared to the consensus estimate of $461.37 million. MSA Safety Incorporporated had a net margin of 15.02% and a return on equity of 25.23%. MSA Safety Incorporporated’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.83 earnings per share. Sell-side analysts forecast that MSA Safety Incorporporated will post 8.06 EPS for the current fiscal year.

MSA Safety Incorporporated Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be given a dividend of $0.5625 per share. 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. This represents a $2.25 dividend on an annualized basis and a yield of 1.4%. MSA Safety Incorporporated’s dividend payout ratio is 29.90%.

MSA Safety Incorporporated 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.