1,400 Shares in MSA Safety Incorporated (NYSE:MSA) Acquired by Entropy Technologies LP

Entropy Technologies LP acquired a new stake in MSA Safety Incorporated (NYSE:MSA) during the third quarter, according to its most recent filing with the SEC. The firm acquired 1,400 shares of the industrial products company’s stock, valued at approximately $248,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Crossmark Global Holdings Inc. lifted its stake in shares of MSA Safety by 32.2% during the third quarter. Crossmark Global Holdings Inc. now owns 3,172 shares of the industrial products company’s stock valued at $562,000 after acquiring an additional 772 shares during the period. Covestor Ltd boosted its stake in shares of MSA Safety by 985.1% in the 3rd quarter. Covestor Ltd now owns 803 shares of the industrial products company’s stock valued at $143,000 after purchasing an additional 729 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc grew its position in shares of MSA Safety by 2.5% during the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 70,160 shares of the industrial products company’s stock worth $12,439,000 after buying an additional 1,724 shares during the period. AIA Group Ltd raised its stake in shares of MSA Safety by 11.3% during the third quarter. AIA Group Ltd now owns 23,201 shares of the industrial products company’s stock worth $4,114,000 after buying an additional 2,363 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in MSA Safety by 397.0% in the third quarter. Farther Finance Advisors LLC now owns 1,342 shares of the industrial products company’s stock valued at $238,000 after buying an additional 1,072 shares during the period. 92.51% of the stock is owned by institutional investors and hedge funds.

MSA Safety Stock Down 0.1 %

Shares of NYSE:MSA opened at $172.03 on Friday. The company has a 50 day moving average price of $173.16 and a two-hundred day moving average price of $179.95. 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 company has a market capitalization of $6.76 billion, a PE ratio of 24.86 and a beta of 0.99. MSA Safety Incorporated has a 52 week low of $160.02 and a 52 week 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 the consensus estimate of $1.78 by $0.05. The company had revenue of $432.68 million during 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 quarter in the previous year, the business earned $1.78 EPS. Analysts forecast that MSA Safety Incorporated will post 7.6 earnings per share for the current year.

MSA Safety Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders 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 dividend yield of 1.19%. The ex-dividend date is Friday, November 15th. MSA Safety’s dividend payout ratio is currently 29.48%.

Analyst Ratings Changes

Several brokerages have commented on MSA. B. Riley began coverage on shares of MSA Safety in a research report on Tuesday, November 5th. They set a “buy” rating and a $200.00 target price for the company. Stifel Nicolaus increased their target price on MSA Safety from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, July 26th.

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.