Prudential Financial Inc. increased its stake in shares of MSA Safety Incorporporated (NYSE:MSA) by 107.4% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 57,353 shares of the industrial products company’s stock after purchasing an additional 29,701 shares during the period. Prudential Financial Inc. owned 0.15% of MSA Safety Incorporporated worth $4,655,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Capstone Asset Management Co. lifted its holdings in MSA Safety Incorporporated by 0.7% during the 2nd quarter. Capstone Asset Management Co. now owns 2,863 shares of the industrial products company’s stock worth $232,000 after purchasing an additional 20 shares in the last quarter. Northwestern Mutual Investment Management Company LLC lifted its holdings in MSA Safety Incorporporated by 0.4% during the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 5,401 shares of the industrial products company’s stock worth $382,000 after purchasing an additional 24 shares in the last quarter. Jennison Associates LLC lifted its holdings in MSA Safety Incorporporated by 0.3% during the 2nd quarter. Jennison Associates LLC now owns 8,538 shares of the industrial products company’s stock worth $693,000 after purchasing an additional 26 shares in the last quarter. Bank of Montreal Can lifted its holdings in MSA Safety Incorporporated by 2.0% during the 2nd quarter. Bank of Montreal Can now owns 2,908 shares of the industrial products company’s stock worth $236,000 after purchasing an additional 58 shares in the last quarter. Finally, Advantus Capital Management Inc lifted its holdings in MSA Safety Incorporporated by 3.5% during the 1st quarter. Advantus Capital Management Inc now owns 4,012 shares of the industrial products company’s stock worth $284,000 after purchasing an additional 135 shares in the last quarter. 66.74% of the stock is currently owned by institutional investors and hedge funds.

Shares of MSA Safety Incorporporated (MSA) opened at 74.44 on Wednesday. MSA Safety Incorporporated has a 12-month low of $54.51 and a 12-month high of $84.86. The firm has a 50 day moving average price of $71.42 and a 200 day moving average price of $75.13. The stock has a market cap of $2.84 billion, a PE ratio of 37.50 and a beta of 1.64.

MSA Safety Incorporporated (NYSE:MSA) last announced its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.85 EPS 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 business had revenue of $288.78 million during the quarter, compared to analysts’ expectations of $302.94 million. During the same quarter in the previous year, the firm earned $0.79 earnings per share. MSA Safety Incorporporated’s revenue was down 2.4% on a year-over-year basis. On average, equities analysts expect that MSA Safety Incorporporated will post $3.19 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, September 10th. Stockholders of record on Wednesday, August 16th were given a $0.35 dividend. The ex-dividend date of this dividend was Monday, August 14th. This represents a $1.40 annualized dividend and a dividend yield of 1.88%. MSA Safety Incorporporated’s payout ratio is 71.07%.

MSA has been the topic of a number of recent research reports. BidaskClub cut MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Robert W. Baird increased their price objective on MSA Safety Incorporporated from $82.00 to $84.00 and gave the stock an “outperform” rating in a report on Friday, June 30th. Zacks Investment Research cut MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $91.00 price objective on shares of MSA Safety Incorporporated in a report on Friday, August 4th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. MSA Safety Incorporporated presently has a consensus rating of “Hold” and an average target price of $87.50.

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In other news, VP Markus H. Weber sold 2,300 shares of the business’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $71.08, for a total value of $163,484.00. Following the transaction, the vice president now directly owns 13,801 shares in the company, valued at $980,975.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John T. Ryan III sold 32,100 shares of the business’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $71.43, for a total value of $2,292,903.00. Following the completion of the transaction, the director now owns 1,025,013 shares in the company, valued at $73,216,678.59. The disclosure for this sale can be found here. Insiders sold 40,211 shares of company stock worth $2,879,428 over the last 90 days. Company insiders own 11.47% 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.

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

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