Swiss National Bank Acquires 3,300 Shares of MSA Safety Inc (MSA)
Swiss National Bank raised its holdings in MSA Safety Inc (NYSE:MSA) by 5.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,200 shares of the industrial products company’s stock after purchasing an additional 3,300 shares during the period. Swiss National Bank owned approximately 0.16% of MSA Safety worth $6,089,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of MSA. American Century Companies Inc. lifted its stake in MSA Safety by 34.2% in the 2nd quarter. American Century Companies Inc. now owns 396,814 shares of the industrial products company’s stock valued at $38,229,000 after purchasing an additional 101,019 shares during the last quarter. Segall Bryant & Hamill LLC bought a new position in MSA Safety in the 2nd quarter valued at approximately $3,388,000. Schwab Charles Investment Management Inc. lifted its stake in MSA Safety by 8.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 236,221 shares of the industrial products company’s stock valued at $22,758,000 after purchasing an additional 18,285 shares during the last quarter. Balter Liquid Alternatives LLC bought a new position in MSA Safety in the 2nd quarter valued at approximately $452,000. Finally, Anchor Capital Advisors LLC lifted its stake in MSA Safety by 29.0% in the 2nd quarter. Anchor Capital Advisors LLC now owns 30,868 shares of the industrial products company’s stock valued at $2,974,000 after purchasing an additional 6,931 shares during the last quarter. 71.18% of the stock is owned by hedge funds and other institutional investors.
In other MSA Safety news, Chairman William M. Lambert sold 63,382 shares of the company’s stock in a transaction that occurred on Friday, June 15th. The shares were sold at an average price of $94.88, for a total value of $6,013,684.16. Following the completion of the transaction, the chairman now directly owns 148,921 shares in the company, valued at approximately $14,129,624.48. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider William M. Lambert sold 96,464 shares of the company’s stock in a transaction that occurred on Monday, June 18th. The shares were sold at an average price of $94.89, for a total transaction of $9,153,468.96. Following the completion of the transaction, the insider now owns 148,921 shares of the company’s stock, valued at $14,131,113.69. The disclosure for this sale can be found here. Corporate insiders own 9.90% of the company’s stock.
MSA Safety (NYSE:MSA) last announced its quarterly earnings results on Wednesday, July 25th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.04). MSA Safety had a net margin of 4.94% and a return on equity of 27.00%. The business had revenue of $339.33 million during the quarter, compared to analyst estimates of $339.79 million. During the same quarter last year, the company posted $0.85 earnings per share. The company’s revenue was up 17.5% compared to the same quarter last year. research analysts expect that MSA Safety Inc will post 4.49 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 10th. Shareholders of record on Monday, August 20th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.47%. The ex-dividend date is Friday, August 17th. MSA Safety’s dividend payout ratio (DPR) is currently 39.28%.
Several equities analysts recently commented on MSA shares. Stifel Nicolaus increased their price objective on shares of MSA Safety from $100.00 to $108.00 and gave the company a “buy” rating in a research note on Friday, July 27th. ValuEngine raised shares of MSA Safety from a “hold” rating to a “buy” rating in a research note on Friday, July 20th. Finally, Zacks Investment Research cut shares of MSA Safety from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 27th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $100.00.
About MSA Safety
MSA Safety Incorporated develops, manufactures, and supplies safety products that protect people and facility infrastructures in the oil, gas, petrochemical, fire service, construction, utilities, and mining industries worldwide. It operates through Americas and International segments. The company's core product offerings include permanently installed fixed gas and flame detection instruments, such as permanently installed gas detection monitoring systems, and flame detectors and open-path infrared gas detectors, as well as replacement components and related services to detect the presence or absence of various gases in the air.
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