Nisa Investment Advisors LLC raised its position in shares of MSA Safety Incorporporated (NYSE:MSA) by 393.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,910 shares of the industrial products company’s stock after buying an additional 5,510 shares during the period. Nisa Investment Advisors LLC’s holdings in MSA Safety Incorporporated were worth $561,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. LS Investment Advisors LLC raised its position in shares of MSA Safety Incorporporated by 16.8% in the second quarter. LS Investment Advisors LLC now owns 2,480 shares of the industrial products company’s stock worth $201,000 after buying an additional 357 shares during the period. Oregon Public Employees Retirement Fund raised its position in shares of MSA Safety Incorporporated by 4.6% in the second quarter. Oregon Public Employees Retirement Fund now owns 11,443 shares of the industrial products company’s stock worth $929,000 after buying an additional 500 shares during the period. Bank of Montreal Can raised its position in shares of MSA Safety Incorporporated by 2.0% in the second quarter. Bank of Montreal Can now owns 2,908 shares of the industrial products company’s stock worth $236,000 after buying an additional 58 shares during the period. Capstone Asset Management Co. raised its position in shares of MSA Safety Incorporporated by 0.7% in the second quarter. Capstone Asset Management Co. now owns 2,863 shares of the industrial products company’s stock worth $232,000 after buying an additional 20 shares during the period. Finally, Park National Corp OH acquired a new position in shares of MSA Safety Incorporporated during the second quarter worth about $205,000. Institutional investors and hedge funds own 64.29% of the company’s stock.

MSA Safety Incorporporated (NYSE MSA) traded down 1.50% during mid-day trading on Thursday, reaching $67.69. 55,998 shares of the company’s stock were exchanged. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of 34.10 and a beta of 1.62. The stock has a 50-day moving average of $78.81 and a 200-day moving average of $75.06. MSA Safety Incorporporated has a one year low of $53.10 and a one year high of $84.86.

MSA Safety Incorporporated (NYSE:MSA) last announced its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.85 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by $0.02. MSA Safety Incorporporated had a net margin of 6.74% and a return on equity of 19.64%. The company had revenue of $288.78 million during the quarter, compared to the consensus estimate of $302.94 million. During the same quarter in the previous year, the firm posted $0.79 EPS. The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. On average, equities research analysts anticipate that MSA Safety Incorporporated will post $3.16 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, September 10th. Shareholders of record on Wednesday, August 16th will be given a $0.35 dividend. The ex-dividend date is Monday, August 14th. This represents a $1.40 annualized dividend and a yield of 2.04%. MSA Safety Incorporporated’s payout ratio is currently 71.07%.

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A number of research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a report on Wednesday. Stifel Nicolaus reiterated a “buy” rating and issued a $91.00 price objective on shares of MSA Safety Incorporporated in a report on Friday, August 4th. BidaskClub lowered shares of MSA Safety Incorporporated from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Robert W. Baird raised their price objective on shares of MSA Safety Incorporporated from $82.00 to $84.00 and gave the company an “outperform” rating in a report on Friday, June 30th. Finally, Barrington Research raised their price objective on shares of MSA Safety Incorporporated from $78.00 to $88.00 and gave the company an “outperform” rating in a report on Thursday, April 27th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $87.50.

In other MSA Safety Incorporporated news, Director L Edward Shaw, Jr. sold 26,250 shares of the business’s stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $78.07, for a total value of $2,049,337.50. Following the completion of the sale, the director now owns 493,962 shares in the company, valued at $38,563,613.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 15.53% of the company’s stock.

About MSA Safety Incorporporated

Mine Safety Appliances Company is engaged in the development, manufacture and supply of products that protect people’s health and safety. The Company’s line of safety products is used by workers worldwide in the fire service, homeland security, oil and gas, construction and other industries, as well as the military.

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Institutional Ownership by Quarter for MSA Safety Incorporporated (NYSE:MSA)

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