Cetera Investment Advisers Has $1.74 Million Stock Holdings in MSA Safety Incorporated (NYSE:MSA)

Cetera Investment Advisers increased its position in shares of MSA Safety Incorporated (NYSE:MSA) by 2.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,288 shares of the industrial products company’s stock after buying an additional 209 shares during the quarter. Cetera Investment Advisers’ holdings in MSA Safety were worth $1,743,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in MSA. Vanguard Group Inc. boosted its holdings in MSA Safety by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 3,826,135 shares of the industrial products company’s stock valued at $645,966,000 after purchasing an additional 23,526 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in MSA Safety by 3.0% during the second quarter. Bank of New York Mellon Corp now owns 770,641 shares of the industrial products company’s stock valued at $144,642,000 after purchasing an additional 22,366 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in MSA Safety by 3.2% during the second quarter. Dimensional Fund Advisors LP now owns 738,951 shares of the industrial products company’s stock valued at $138,695,000 after purchasing an additional 22,979 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in MSA Safety by 12.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 718,969 shares of the industrial products company’s stock valued at $139,186,000 after purchasing an additional 77,960 shares in the last quarter. Finally, Champlain Investment Partners LLC boosted its holdings in MSA Safety by 7.6% during the first quarter. Champlain Investment Partners LLC now owns 707,534 shares of the industrial products company’s stock valued at $136,972,000 after purchasing an additional 49,670 shares in the last quarter. 92.51% of the stock is owned by institutional investors and hedge funds.

Insider Activity at MSA Safety

In other news, CEO Nishan J. Vartanian sold 3,945 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $189.00, for a total transaction of $745,605.00. Following the completion of the transaction, the chief executive officer now directly owns 31,953 shares in the company, valued at approximately $6,039,117. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MSA. William Blair raised MSA Safety to a “strong-buy” rating in a report on Tuesday, July 16th. Stifel Nicolaus boosted their target price on MSA Safety from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, July 26th.

MSA Safety Stock Performance

MSA stock opened at $173.45 on Tuesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.45 and a quick ratio of 1.54. The company has a 50 day moving average price of $176.33 and a 200 day moving average price of $183.13. MSA Safety Incorporated has a fifty-two week low of $147.35 and a fifty-two week high of $200.60. The stock has a market capitalization of $6.83 billion, a PE ratio of 25.70 and a beta of 0.99.

MSA Safety (NYSE:MSA) last posted its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.97 by $0.04. MSA Safety had a net margin of 14.97% and a return on equity of 30.64%. The firm had revenue of $462.46 million during the quarter, compared to analysts’ expectations of $461.30 million. Analysts forecast that MSA Safety Incorporated will post 7.75 EPS for the current year.

MSA Safety Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.18%. MSA Safety’s dividend payout ratio (DPR) is presently 30.22%.

About MSA Safety

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.