Vanguard Personalized Indexing Management LLC Boosts Stake in MSA Safety Incorporated (NYSE:MSA)

Vanguard Personalized Indexing Management LLC grew its holdings in shares of MSA Safety Incorporated (NYSE:MSA) by 6.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,585 shares of the industrial products company’s stock after acquiring an additional 361 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in MSA Safety were worth $1,017,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Quadrant Capital Group LLC grew its stake in MSA Safety by 51.2% during the 4th quarter. Quadrant Capital Group LLC now owns 183 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 62 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of MSA Safety by 198.8% in the second quarter. GAMMA Investing LLC now owns 245 shares of the industrial products company’s stock worth $46,000 after buying an additional 163 shares during the last quarter. CWM LLC increased its stake in shares of MSA Safety by 50.7% in the first quarter. CWM LLC now owns 306 shares of the industrial products company’s stock worth $59,000 after buying an additional 103 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new stake in MSA Safety in the fourth quarter valued at $142,000. Finally, Allegheny Financial Group LTD bought a new position in MSA Safety during the 1st quarter valued at $203,000. 92.51% of the stock is owned by hedge funds and other institutional investors.

MSA Safety Stock Up 0.7 %

Shares of NYSE:MSA opened at $182.27 on Tuesday. The company’s fifty day moving average is $180.97 and its two-hundred day moving average is $184.48. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.54 and a current ratio of 2.45. MSA Safety Incorporated has a 1-year low of $147.35 and a 1-year high of $200.60. The stock has a market capitalization of $7.18 billion, a price-to-earnings ratio of 27.00 and a beta of 0.99.

MSA Safety (NYSE:MSA) last issued its earnings results on Wednesday, July 24th. The industrial products company reported $2.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.97 by $0.04. The firm had revenue of $462.46 million for the quarter, compared to analysts’ expectations of $461.30 million. MSA Safety had a net margin of 14.97% and a return on equity of 30.64%. Equities analysts anticipate 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 yield of 1.12%. MSA Safety’s payout ratio is currently 30.22%.

Wall Street Analysts Forecast Growth

MSA has been the topic of a number of recent analyst reports. Stifel Nicolaus upped their target price on shares of MSA Safety from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, July 26th. William Blair upgraded MSA Safety to a “strong-buy” rating in a research note on Tuesday, July 16th.

Insiders Place Their Bets

In other news, CEO Nishan J. Vartanian sold 3,945 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were 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 owns 31,953 shares of the company’s stock, valued at $6,039,117. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 6.20% of the stock is owned by corporate insiders.

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.