B. Metzler seel. Sohn & Co. Holding AG Takes $260,000 Position in MSA Safety Incorporated (NYSE:MSA)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of MSA Safety Incorporated (NYSE:MSA) during the third quarter, Holdings Channel reports. The institutional investor acquired 1,468 shares of the industrial products company’s stock, valued at approximately $260,000.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in shares of MSA Safety by 198.8% during the second quarter. GAMMA Investing LLC now owns 245 shares of the industrial products company’s stock valued at $46,000 after buying an additional 163 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of MSA Safety by 486.0% during the third quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock valued at $47,000 after buying an additional 209 shares during the last quarter. Covestor Ltd grew its holdings in shares of MSA Safety by 985.1% during the third quarter. Covestor Ltd now owns 803 shares of the industrial products company’s stock valued at $143,000 after buying an additional 729 shares during the last quarter. Kowal Investment Group LLC purchased a new stake in shares of MSA Safety during the second quarter valued at $204,000. Finally, CIBC Asset Management Inc purchased a new stake in shares of MSA Safety during the second quarter valued at $206,000. 92.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, B. Riley assumed coverage on shares of MSA Safety in a report on Tuesday, November 5th. They issued a “buy” rating and a $200.00 price target on the stock.

MSA Safety Price Performance

NYSE:MSA opened at $176.20 on Tuesday. MSA Safety Incorporated has a one year low of $160.02 and a one year 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. The firm has a market cap of $6.93 billion, a price-to-earnings ratio of 25.29 and a beta of 0.99. The firm’s fifty day moving average is $173.02 and its two-hundred day moving average is $179.41.

MSA Safety (NYSE:MSA) last posted its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.78 by $0.05. The company had revenue of $432.68 million for the quarter, compared to analyst estimates of $449.95 million. MSA Safety had a net margin of 15.16% and a return on equity of 29.14%. The firm’s revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.78 earnings per share. Research analysts expect that MSA Safety Incorporated will post 7.64 EPS for the current year.

MSA Safety Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be given a $0.51 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.16%. MSA Safety’s dividend payout ratio (DPR) is currently 29.48%.

About MSA Safety

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.