Edgestream Partners L.P. Buys Shares of 4,596 MSA Safety Incorporporated $MSA

Edgestream Partners L.P. bought a new stake in MSA Safety Incorporporated (NYSE:MSA) during the 1st quarter, HoldingsChannel.com reports. The firm bought 4,596 shares of the industrial products company’s stock, valued at approximately $754,000.

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of MSA Safety Incorporporated by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 3,792,712 shares of the industrial products company’s stock worth $607,365,000 after purchasing an additional 82,305 shares in the last quarter. Ruane Cunniff & Goldfarb L.P. lifted its holdings in MSA Safety Incorporporated by 6.2% in the 4th quarter. Ruane Cunniff & Goldfarb L.P. now owns 1,811,635 shares of the industrial products company’s stock valued at $290,115,000 after purchasing an additional 106,349 shares in the last quarter. Cooke & Bieler LP lifted its holdings in MSA Safety Incorporporated by 9.0% in the 4th quarter. Cooke & Bieler LP now owns 899,030 shares of the industrial products company’s stock valued at $143,971,000 after purchasing an additional 74,410 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in MSA Safety Incorporporated by 1.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 764,663 shares of the industrial products company’s stock worth $122,460,000 after purchasing an additional 9,915 shares during the last quarter. Finally, M&G PLC boosted its stake in MSA Safety Incorporporated by 0.7% during the 4th quarter. M&G PLC now owns 728,727 shares of the industrial products company’s stock worth $116,596,000 after purchasing an additional 4,899 shares during the last quarter. 92.51% of the stock is owned by institutional investors and hedge funds.

MSA Safety Incorporporated Stock Performance

NYSE MSA opened at $193.62 on Wednesday. The stock’s fifty day moving average is $169.26 and its two-hundred day moving average is $175.38. The firm has a market capitalization of $7.47 billion, a P/E ratio of 24.08 and a beta of 0.94. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.02 and a current ratio of 3.24. MSA Safety Incorporporated has a fifty-two week low of $151.10 and a fifty-two week high of $208.92.

MSA Safety Incorporporated (NYSE:MSA) last issued its earnings results on Thursday, July 30th. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.26. MSA Safety Incorporporated had a return on equity of 25.13% and a net margin of 16.13%.The company had revenue of $503.33 million during the quarter, compared to analysts’ expectations of $496.27 million. During the same period in the prior year, the business earned $1.93 EPS. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. On average, research analysts anticipate that MSA Safety Incorporporated will post 9.09 earnings per share for the current year.

MSA Safety Incorporporated Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 14th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.16 annualized dividend and a dividend yield of 1.1%. MSA Safety Incorporporated’s payout ratio is presently 26.87%.

Analyst Ratings Changes

A number of brokerages have recently commented on MSA. Weiss Ratings upgraded shares of MSA Safety Incorporporated from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 17th. JPMorgan Chase & Co. boosted their price target on shares of MSA Safety Incorporporated from $210.00 to $220.00 and gave the stock a “neutral” rating in a research report on Monday. B. Riley Financial lowered shares of MSA Safety Incorporporated from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $210.00 to $195.00 in a research report on Monday. DA Davidson set a $223.00 price objective on shares of MSA Safety Incorporporated in a research note on Tuesday. Finally, Wall Street Zen downgraded shares of MSA Safety Incorporporated from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 25th. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $211.33.

Insider Activity

In other news, CFO Julie A. Beck acquired 448 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was purchased at an average price of $158.69 per share, with a total value of $71,093.12. Following the completion of the acquisition, the chief financial officer owned 3,825 shares of the company’s stock, valued at $606,989.25. This trade represents a 13.27% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.70% of the company’s stock.

MSA Safety Incorporporated Company Profile

MSA Safety Incorporated develops, manufactures and supplies a wide range of safety products designed to protect workers in hazardous environments. The company’s offerings span personal protective equipment such as industrial helmets, face shields, protective clothing and fall protection devices, as well as fixed and portable gas detection and monitoring systems. MSA’s products are used in industries including oil and gas, mining, construction, fire service, and chemical processing to guard against risks such as gas leaks, impacts, flame exposure and falls from height.

Key product lines include self-contained breathing apparatus (SCBA) and air-purifying respirators, gas detectors and sensors, head and face protection, and fall arrest systems.