ING Groep NV Purchases New Holdings in MSA Safety Incorporporated $MSA

ING Groep NV purchased a new position in shares of MSA Safety Incorporporated (NYSE:MSA) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 3,600 shares of the industrial products company’s stock, valued at approximately $619,000.

A number of other institutional investors have also recently bought and sold shares of the business. First Horizon Corp purchased a new stake in shares of MSA Safety Incorporporated during the 3rd quarter valued at $30,000. Penserra Capital Management LLC bought a new position in MSA Safety Incorporporated during the second quarter valued at about $33,000. EverSource Wealth Advisors LLC grew its position in MSA Safety Incorporporated by 94.1% during the second quarter. EverSource Wealth Advisors LLC now owns 198 shares of the industrial products company’s stock valued at $33,000 after buying an additional 96 shares during the period. Steward Partners Investment Advisory LLC increased its holdings in MSA Safety Incorporporated by 397.7% during the second quarter. Steward Partners Investment Advisory LLC now owns 219 shares of the industrial products company’s stock worth $37,000 after buying an additional 175 shares during the last quarter. Finally, Allworth Financial LP raised its position in MSA Safety Incorporporated by 34.8% in the second quarter. Allworth Financial LP now owns 298 shares of the industrial products company’s stock worth $50,000 after acquiring an additional 77 shares during the period. Institutional investors own 92.51% of the company’s stock.

MSA Safety Incorporporated Stock Down 0.3%

MSA Safety Incorporporated stock opened at $202.44 on Friday. The firm has a 50 day simple moving average of $174.08 and a 200 day simple moving average of $169.84. The company has a current ratio of 3.01, a quick ratio of 1.86 and a debt-to-equity ratio of 0.42. MSA Safety Incorporporated has a 1-year low of $127.86 and a 1-year high of $208.92. The firm has a market capitalization of $7.93 billion, a price-to-earnings ratio of 28.59 and a beta of 0.98.

MSA Safety Incorporporated (NYSE:MSA) last posted its earnings results on Wednesday, February 11th. The industrial products company reported $2.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.12. The firm had revenue of $510.91 million for the quarter, compared to the consensus estimate of $508.62 million. MSA Safety Incorporporated had a return on equity of 24.46% and a net margin of 14.88%.The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.25 earnings per share. On average, analysts predict that MSA Safety Incorporporated will post 8.06 earnings per share for the current year.

MSA Safety Incorporporated Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Friday, February 13th will be paid a $0.53 dividend. The ex-dividend date is Friday, February 13th. This represents a $2.12 annualized dividend and a yield of 1.0%. MSA Safety Incorporporated’s dividend payout ratio (DPR) is currently 29.94%.

Analyst Ratings Changes

MSA has been the subject of a number of research reports. Wall Street Zen downgraded shares of MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Weiss Ratings upgraded MSA Safety Incorporporated from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 26th. B. Riley Financial reissued a “buy” rating on shares of MSA Safety Incorporporated in a research report on Thursday. Finally, JPMorgan Chase & Co. initiated coverage on MSA Safety Incorporporated in a research note on Tuesday, February 3rd. They issued a “neutral” rating and a $200.00 target price on the stock. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $189.20.

Insiders Place Their Bets

In other MSA Safety Incorporporated news, CAO Jonathan D. Buck sold 333 shares of MSA Safety Incorporporated stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $161.00, for a total transaction of $53,613.00. Following the completion of the transaction, the chief accounting officer owned 4,434 shares of the company’s stock, valued at $713,874. The trade was a 6.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.70% of the stock is owned by insiders.

MSA Safety Incorporporated 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.