MSA Safety Incorporporated (MSA) To Go Ex-Dividend on August 14th

MSA Safety Incorporporated (NYSE:MSA) declared a quarterly dividend on Monday, August 3rd. Stockholders of record on Friday, August 14th will be paid a dividend of 0.54 per share by the industrial products company on Thursday, September 10th. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, August 14th.

MSA Safety Incorporporated has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 56 consecutive years. MSA Safety Incorporporated has a payout ratio of 25.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect MSA Safety Incorporporated to earn $10.03 per share next year, which means the company should continue to be able to cover its $2.16 annual dividend with an expected future payout ratio of 21.5%.

MSA Safety Incorporporated Price Performance

NYSE:MSA opened at $193.44 on Wednesday. The company has a 50-day moving average of $171.94 and a 200-day moving average of $175.73. The company has a market capitalization of $7.46 billion, a price-to-earnings ratio of 24.06 and a beta of 0.94. MSA Safety Incorporporated has a 52 week low of $151.10 and a 52 week high of $208.92. 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 (NYSE:MSA) last posted its earnings results on Thursday, July 30th. The industrial products company reported $2.40 earnings per share for the quarter, beating analysts’ consensus estimates of $2.14 by $0.26. MSA Safety Incorporporated had a net margin of 16.13% and a return on equity of 25.13%. The business had revenue of $503.33 million for the quarter, compared to analysts’ expectations of $496.27 million. During the same quarter in the previous year, the firm posted $1.93 earnings per share. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. As a group, equities research analysts anticipate that MSA Safety Incorporporated will post 9.23 earnings per share for the current fiscal year.

Insider Buying and Selling at MSA Safety Incorporporated

In other news, CAO Jonathan D. Buck sold 469 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $191.00, for a total transaction of $89,579.00. Following the completion of the sale, the chief accounting officer owned 3,776 shares of the company’s stock, valued at approximately $721,216. This trade represents a 11.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Nishan J. Vartanian sold 20,000 shares of MSA Safety Incorporporated stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $193.99, for a total transaction of $3,879,800.00. Following the completion of the transaction, the chairman owned 50,324 shares of the company’s stock, valued at $9,762,352.76. This trade represents a 28.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On MSA Safety Incorporporated

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ruane Cunniff & Goldfarb L.P. acquired a new stake in MSA Safety Incorporporated in the 2nd quarter valued at about $158,997,000. Madison Asset Management LLC acquired a new position in shares of MSA Safety Incorporporated during the fourth quarter worth approximately $90,999,000. Norges Bank bought a new stake in shares of MSA Safety Incorporporated during the fourth quarter valued at approximately $66,878,000. Natixis Advisors LLC grew its stake in shares of MSA Safety Incorporporated by 1,447.3% during the fourth quarter. Natixis Advisors LLC now owns 363,177 shares of the industrial products company’s stock valued at $58,159,000 after purchasing an additional 339,705 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of MSA Safety Incorporporated by 233.9% in the fourth quarter. Franklin Resources Inc. now owns 452,505 shares of the industrial products company’s stock valued at $72,464,000 after purchasing an additional 316,975 shares in the last quarter. 92.51% of the stock is owned by institutional investors and hedge funds.

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.