Inscription Capital LLC bought a new stake in shares of MSA Safety Incorporated (NYSE:MSA) in the second quarter, HoldingsChannel reports. The institutional investor bought 2,535 shares of the industrial products company’s stock, valued at approximately $420,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Van ECK Associates Corp bought a new stake in MSA Safety during the 1st quarter valued at $30,000. Bbva USA bought a new stake in MSA Safety during the 2nd quarter valued at $51,000. Quantbot Technologies LP bought a new stake in MSA Safety during the 1st quarter valued at $86,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in MSA Safety during the 1st quarter valued at $183,000. Finally, Allegheny Financial Group LTD purchased a new position in shares of MSA Safety in the 2nd quarter valued at $200,000. 77.29% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have recently issued reports on MSA. Zacks Investment Research downgraded MSA Safety from a “hold” rating to a “sell” rating in a report on Wednesday, September 29th. Robert W. Baird set a $162.59 price target on MSA Safety and gave the company a “neutral” rating in a report on Wednesday, July 21st.
MSA Safety (NYSE:MSA) last announced its earnings results on Wednesday, July 28th. The industrial products company reported $1.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.05). MSA Safety had a return on equity of 20.43% and a net margin of 7.59%. The business had revenue of $341.29 million for the quarter, compared to analysts’ expectations of $330.52 million. As a group, equities research analysts anticipate that MSA Safety Incorporated will post 4.72 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 10th. Investors of record on Monday, August 16th were paid a dividend of $0.44 per share. The ex-dividend date was Friday, August 13th. This represents a $1.76 annualized dividend and a yield of 1.21%. MSA Safety’s dividend payout ratio (DPR) is 39.11%.
In other MSA Safety news, Director William M. Lambert sold 10,000 shares of the business’s stock in a transaction dated Thursday, September 16th. The stock was sold at an average price of $153.67, for a total transaction of $1,536,700.00. Following the sale, the director now owns 41,740 shares in the company, valued at approximately $6,414,185.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Kenneth D. Krause sold 4,000 shares of the business’s stock in a transaction dated Monday, August 23rd. The shares were sold at an average price of $160.00, for a total value of $640,000.00. Following the sale, the chief financial officer now owns 13,655 shares in the company, valued at approximately $2,184,800. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,249 shares of company stock worth $2,681,952. 6.29% of the stock is owned by company insiders.
MSA Safety Profile
MSA Safety, Inc engages in developing, manufacturing, and sale of innovative products, which enhances the safety and health of workers and protect facility infrastructures. It operates through the following geographical segments: Americas, International, and Corporate. The Americas segment consists of manufacturing and research and development facilities in U.S., Mexico, and Brazil.
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