Diversified Trust Co Increases Stake in MSA Safety Incorporated (NYSE:MSA)

Diversified Trust Co boosted its stake in MSA Safety Incorporated (NYSE:MSA) by 38.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,072 shares of the industrial products company’s stock after purchasing an additional 1,680 shares during the quarter. Diversified Trust Co’s holdings in MSA Safety were worth $1,175,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the stock. APG Asset Management US Inc. acquired a new stake in shares of MSA Safety during the 4th quarter worth $69,067,000. Norges Bank acquired a new stake in MSA Safety during the fourth quarter worth about $68,252,000. Nixon Peabody Trust Co. purchased a new position in shares of MSA Safety in the 4th quarter worth about $63,771,000. JPMorgan Chase & Co. lifted its stake in shares of MSA Safety by 4.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,132,779 shares of the industrial products company’s stock valued at $336,233,000 after purchasing an additional 87,707 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of MSA Safety by 41.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 293,205 shares of the industrial products company’s stock worth $49,502,000 after purchasing an additional 86,225 shares during the period. Hedge funds and other institutional investors own 92.51% of the company’s stock.

MSA Safety Trading Down 1.4 %

NYSE MSA opened at $185.16 on Tuesday. The firm has a market capitalization of $7.29 billion, a price-to-earnings ratio of 27.43 and a beta of 0.99. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.54 and a current ratio of 2.51. MSA Safety Incorporated has a one year low of $147.35 and a one year high of $196.02. The company’s 50 day moving average price is $184.59 and its 200 day moving average price is $179.87.

MSA Safety (NYSE:MSA) last issued its earnings results on Monday, April 29th. The industrial products company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.14. MSA Safety had a net margin of 14.81% and a return on equity of 31.51%. The business had revenue of $413.00 million for the quarter, compared to the consensus estimate of $428.38 million. During the same quarter last year, the firm posted $1.36 EPS. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, sell-side analysts predict that MSA Safety Incorporated will post 7.75 EPS for the current year.

MSA Safety Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were paid a $0.51 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.10%. This is a positive change from MSA Safety’s previous quarterly dividend of $0.47. MSA Safety’s dividend payout ratio (DPR) is 30.22%.

Insider Buying and Selling

In other news, CEO Nishan J. Vartanian sold 11,000 shares of MSA Safety stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $185.29, for a total transaction of $2,038,190.00. Following the sale, the chief executive officer now owns 56,800 shares in the company, valued at $10,524,472. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 6.07% of the stock is currently owned by corporate insiders.

MSA Safety 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.