Charles Schwab Investment Management Inc. Purchases 26,835 Shares of MSA Safety Incorporated (NYSE:MSA)

Charles Schwab Investment Management Inc. increased its position in MSA Safety Incorporated (NYSE:MSA) by 6.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 418,237 shares of the industrial products company’s stock after acquiring an additional 26,835 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.06% of MSA Safety worth $74,170,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its holdings in shares of MSA Safety by 3.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 770,641 shares of the industrial products company’s stock valued at $144,642,000 after purchasing an additional 22,366 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of MSA Safety by 3.2% during the second quarter. Dimensional Fund Advisors LP now owns 738,951 shares of the industrial products company’s stock valued at $138,695,000 after buying an additional 22,979 shares during the last quarter. Conestoga Capital Advisors LLC grew its stake in shares of MSA Safety by 43.5% during the third quarter. Conestoga Capital Advisors LLC now owns 440,316 shares of the industrial products company’s stock valued at $78,086,000 after buying an additional 133,373 shares during the last quarter. Cooke & Bieler LP purchased a new position in shares of MSA Safety in the second quarter worth about $60,236,000. Finally, Driehaus Capital Management LLC lifted its stake in shares of MSA Safety by 0.5% in the 2nd quarter. Driehaus Capital Management LLC now owns 239,117 shares of the industrial products company’s stock valued at $44,880,000 after acquiring an additional 1,176 shares during the last quarter. 92.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

MSA Safety Price Performance

MSA stock opened at $174.32 on Friday. The company has a current ratio of 2.68, a quick ratio of 1.56 and a debt-to-equity ratio of 0.48. The firm’s 50-day moving average price is $172.48 and its two-hundred day moving average price is $179.14. The stock has a market capitalization of $6.85 billion, a price-to-earnings ratio of 25.19 and a beta of 0.99. MSA Safety Incorporated has a 12-month low of $160.02 and a 12-month high of $200.60.

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

MSA Safety Announces Dividend

The business 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 dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Friday, November 15th. MSA Safety’s payout ratio 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.