Skandinaviska Enskilda Banken AB publ Invests $269,000 in MSA Safety Incorporated (NYSE:MSA)

Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of MSA Safety Incorporated (NYSE:MSA) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 1,433 shares of the industrial products company’s stock, valued at approximately $269,000.

Other large investors have also added to or reduced their stakes in the company. Quadrant Capital Group LLC boosted its stake in MSA Safety by 51.2% in the fourth quarter. Quadrant Capital Group LLC now owns 183 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 62 shares during the last quarter. GAMMA Investing LLC lifted its stake in MSA Safety by 198.8% in the second quarter. GAMMA Investing LLC now owns 245 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 163 shares during the last quarter. CWM LLC grew its holdings in MSA Safety by 50.7% during the first quarter. CWM LLC now owns 306 shares of the industrial products company’s stock valued at $59,000 after purchasing an additional 103 shares during the period. Kapitalo Investimentos Ltda purchased a new stake in MSA Safety in the fourth quarter worth $142,000. Finally, Allegheny Financial Group LTD bought a new stake in shares of MSA Safety in the first quarter valued at $203,000. Hedge funds and other institutional investors own 92.51% of the company’s stock.

MSA Safety Price Performance

MSA Safety stock opened at $180.85 on Wednesday. The firm has a market capitalization of $7.12 billion, a P/E ratio of 26.79 and a beta of 0.99. MSA Safety Incorporated has a one year low of $147.35 and a one year high of $200.60. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.45 and a quick ratio of 1.54. The business has a fifty day moving average price of $180.59 and a 200-day moving average price of $184.45.

MSA Safety (NYSE:MSA) last issued its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $2.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.97 by $0.04. The business had revenue of $462.46 million for the quarter, compared to analysts’ expectations of $461.30 million. MSA Safety had a return on equity of 30.64% and a net margin of 14.97%. As a group, equities research analysts forecast that MSA Safety Incorporated will post 7.75 EPS for the current year.

MSA Safety Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were given a $0.51 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.13%. MSA Safety’s dividend payout ratio (DPR) is currently 30.22%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on MSA shares. Stifel Nicolaus lifted their price objective on MSA Safety from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, July 26th. William Blair upgraded shares of MSA Safety to a “strong-buy” rating in a research note on Tuesday, July 16th.

Insider Buying and Selling at MSA Safety

In related news, CEO Nishan J. Vartanian sold 3,945 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $189.00, for a total value of $745,605.00. Following the sale, the chief executive officer now owns 31,953 shares in the company, valued at $6,039,117. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 6.20% of the company’s stock.

MSA Safety Company 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.