Farther Finance Advisors LLC Raises Stock Position in MSA Safety Incorporated (NYSE:MSA)

Farther Finance Advisors LLC raised its holdings in shares of MSA Safety Incorporated (NYSE:MSA) by 397.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,342 shares of the industrial products company’s stock after acquiring an additional 1,072 shares during the quarter. Farther Finance Advisors LLC’s holdings in MSA Safety were worth $238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its position in shares of MSA Safety by 3.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 770,641 shares of the industrial products company’s stock worth $144,642,000 after purchasing an additional 22,366 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of MSA Safety by 3.2% in the second quarter. Dimensional Fund Advisors LP now owns 738,951 shares of the industrial products company’s stock worth $138,695,000 after buying an additional 22,979 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of MSA Safety by 12.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 718,969 shares of the industrial products company’s stock valued at $139,186,000 after acquiring an additional 77,960 shares during the period. Champlain Investment Partners LLC increased its stake in MSA Safety by 7.6% during the 1st quarter. Champlain Investment Partners LLC now owns 707,534 shares of the industrial products company’s stock worth $136,972,000 after buying an additional 49,670 shares during the period. Finally, Conestoga Capital Advisors LLC grew its holdings in MSA Safety by 43.5% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 440,316 shares of the industrial products company’s stock worth $78,086,000 after acquiring an additional 133,373 shares in the last quarter. Hedge funds and other institutional investors own 92.51% of the company’s stock.

MSA Safety Trading Up 0.4 %

Shares of NYSE MSA opened at $173.56 on Friday. The stock has a market cap of $6.82 billion, a price-to-earnings ratio of 25.08 and a beta of 0.99. The business has a 50 day simple moving average of $173.18 and a 200 day simple moving average of $180.40. MSA Safety Incorporated has a 52 week low of $157.34 and a 52 week high of $200.60. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.56 and a current ratio of 2.68.

MSA Safety (NYSE:MSA) last issued its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.05. MSA Safety had a return on equity of 29.14% and a net margin of 15.16%. The company had revenue of $432.68 million during the quarter, compared to analyst estimates of $449.95 million. During the same period in the previous year, the company earned $1.78 earnings per share. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. On average, research analysts predict that MSA Safety Incorporated will post 7.6 earnings per share for the current fiscal year.

MSA Safety Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Friday, November 15th. MSA Safety’s payout ratio is presently 29.48%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on MSA shares. Stifel Nicolaus upped their price target on shares of MSA Safety from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, July 26th. William Blair raised shares of MSA Safety to a “strong-buy” rating in a research note on Tuesday, July 16th. Finally, B. Riley assumed coverage on shares of MSA Safety in a research note on Tuesday, November 5th. They set a “buy” rating and a $200.00 price target on the stock. Two research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Strong Buy” and an average price target of $207.50.

MSA Safety Profile

MSA Safety Incorporated develops, manufactures, and supplies safety products and technology solutions that protect people and facility infrastructures in the fire service, energy, utility, construction, and industrial manufacturing applications, as well as heating, ventilation, air conditioning, and refrigeration industries worldwide.