Intech Investment Management LLC Decreases Stake in MSA Safety Incorporated (NYSE:MSA)

Intech Investment Management LLC decreased its holdings in shares of MSA Safety Incorporated (NYSE:MSA) by 39.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,508 shares of the industrial products company’s stock after selling 2,977 shares during the quarter. Intech Investment Management LLC’s holdings in MSA Safety were worth $799,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. GAMMA Investing LLC boosted its position in shares of MSA Safety by 198.8% during the 2nd quarter. GAMMA Investing LLC now owns 245 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 163 shares during the last quarter. Blue Trust Inc. boosted its holdings in MSA Safety by 486.0% in the 3rd quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 209 shares during the last quarter. Covestor Ltd boosted its holdings in MSA Safety by 985.1% in the 3rd quarter. Covestor Ltd now owns 803 shares of the industrial products company’s stock valued at $143,000 after purchasing an additional 729 shares during the last quarter. Kowal Investment Group LLC acquired a new stake in shares of MSA Safety during the 2nd quarter worth approximately $204,000. Finally, CIBC Asset Management Inc acquired a new stake in shares of MSA Safety during the 2nd quarter worth approximately $206,000. 92.51% of the stock is currently owned by institutional investors and hedge funds.

MSA Safety Trading Down 0.3 %

NYSE MSA opened at $173.80 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.68 and a quick ratio of 1.56. The stock has a market capitalization of $6.83 billion, a P/E ratio of 25.12 and a beta of 0.99. The firm’s 50-day moving average is $172.33 and its two-hundred day moving average is $179.03. MSA Safety Incorporated has a 12 month low of $160.02 and a 12 month high of $200.60.

MSA Safety (NYSE:MSA) last released its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.05. The business had revenue of $432.68 million for the quarter, compared to the consensus estimate of $449.95 million. MSA Safety had a net margin of 15.16% and a return on equity of 29.14%. The business’s revenue was down 3.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.78 EPS. On average, sell-side analysts anticipate that MSA Safety Incorporated will post 7.64 earnings per share for the current year.

MSA Safety Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date is Friday, November 15th. MSA Safety’s dividend payout ratio (DPR) is 29.48%.

Wall Street Analysts Forecast Growth

Separately, B. Riley started coverage on MSA Safety in a research report on Tuesday, November 5th. They issued a “buy” rating and a $200.00 price objective for the company.

MSA Safety 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.