MSA Safety Incorporporated $MSA Shares Sold by Thematics Asset Management

Thematics Asset Management decreased its stake in MSA Safety Incorporporated (NYSE:MSA) by 10.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 100,300 shares of the industrial products company’s stock after selling 12,235 shares during the period. Thematics Asset Management owned 0.26% of MSA Safety Incorporporated worth $16,803,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of MSA. Bayforest Capital Ltd raised its stake in MSA Safety Incorporporated by 3,400.0% during the 1st quarter. Bayforest Capital Ltd now owns 175 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 170 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of MSA Safety Incorporporated by 94.1% during the second quarter. EverSource Wealth Advisors LLC now owns 198 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 96 shares during the last quarter. Penserra Capital Management LLC acquired a new stake in shares of MSA Safety Incorporporated during the second quarter worth about $33,000. Steward Partners Investment Advisory LLC increased its position in shares of MSA Safety Incorporporated by 397.7% during the second quarter. Steward Partners Investment Advisory LLC now owns 219 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 175 shares in the last quarter. Finally, Parallel Advisors LLC lifted its holdings in shares of MSA Safety Incorporporated by 115.4% in the 2nd 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 last quarter. 92.51% of the stock is owned by hedge funds and other institutional investors.

MSA Safety Incorporporated Stock Performance

NYSE MSA opened at $162.40 on Monday. The firm has a market cap of $6.36 billion, a P/E ratio of 22.91 and a beta of 0.96. MSA Safety Incorporporated has a 52-week low of $127.86 and a 52-week high of $182.85. The business’s 50-day moving average price is $163.75 and its 200 day moving average price is $168.03. The company has a quick ratio of 1.86, a current ratio of 3.08 and a debt-to-equity ratio of 0.48.

MSA Safety Incorporporated (NYSE:MSA) last posted its quarterly earnings data on Tuesday, October 28th. The industrial products company reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.04. MSA Safety Incorporporated had a return on equity of 25.24% and a net margin of 15.02%.The company had revenue of $468.45 million during the quarter, compared to analysts’ expectations of $461.37 million. During the same period last year, the firm earned $1.83 EPS. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, equities research analysts expect that MSA Safety Incorporporated will post 8.06 earnings per share for the current year.

MSA Safety Incorporporated Increases Dividend

The company 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 $0.5625 dividend. This is a positive change from MSA Safety Incorporporated’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, November 14th. This represents a $2.25 dividend on an annualized basis and a yield of 1.4%. MSA Safety Incorporporated’s payout ratio is 29.90%.

Wall Street Analysts Forecast Growth

MSA has been the topic of a number of research reports. Wall Street Zen upgraded MSA Safety Incorporporated from a “hold” rating to a “buy” rating in a research note on Saturday, November 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of MSA Safety Incorporporated in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, MSA Safety Incorporporated currently has an average rating of “Moderate Buy” and an average price target of $189.20.

Insiders Place Their Bets

In other MSA Safety Incorporporated news, President Stephanie L. Sciullo sold 2,361 shares of the business’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $169.51, for a total value of $400,213.11. Following the transaction, the president directly owned 9,083 shares of the company’s stock, valued at approximately $1,539,659.33. The trade was a 20.63% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Jonathan D. Buck sold 333 shares of the company’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $161.00, for a total transaction of $53,613.00. Following the transaction, the chief accounting officer owned 4,434 shares of the company’s stock, valued at approximately $713,874. The trade was a 6.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.70% of the company’s stock.

About MSA Safety Incorporporated

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.