5,000 Shares in MSA Safety Incorporporated $MSA Acquired by Hunter Perkins Capital Management LLC

Hunter Perkins Capital Management LLC bought a new stake in MSA Safety Incorporporated (NYSE:MSA - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 5,000 shares of the industrial products company's stock, valued at approximately $838,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Bayforest Capital Ltd raised its position in MSA Safety Incorporporated by 3,400.0% in the 1st quarter. Bayforest Capital Ltd now owns 175 shares of the industrial products company's stock valued at $26,000 after purchasing an additional 170 shares during the last quarter. GAMMA Investing LLC increased its holdings in MSA Safety Incorporporated by 39.4% in the first quarter. GAMMA Investing LLC now owns 269 shares of the industrial products company's stock valued at $39,000 after buying an additional 76 shares in the last quarter. UMB Bank n.a. grew its holdings in MSA Safety Incorporporated by 54.4% in the first quarter. UMB Bank n.a. now owns 281 shares of the industrial products company's stock valued at $41,000 after purchasing an additional 99 shares during the last quarter. Parallel Advisors LLC increased its holdings in MSA Safety Incorporporated by 115.4% during the 2nd quarter. Parallel Advisors LLC now owns 293 shares of the industrial products company's stock valued at $49,000 after acquiring an additional 157 shares in the last quarter. Finally, Fifth Third Bancorp grew its holdings in MSA Safety Incorporporated by 24.7% during the 1st quarter. Fifth Third Bancorp now owns 682 shares of the industrial products company's stock valued at $100,000 after buying an additional 135 shares during the last quarter. 92.51% of the stock is owned by institutional investors and hedge funds.

Insider Activity at MSA Safety Incorporporated

In related news, President Stephanie L. Sciullo sold 2,361 shares of MSA Safety Incorporporated stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $169.51, for a total transaction of $400,213.11. Following the sale, the president directly owned 9,083 shares of the company's stock, valued at $1,539,659.33. This trade represents a 20.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently commented on MSA. Weiss Ratings reiterated a "buy (b-)" rating on shares of MSA Safety Incorporporated in a research report on Saturday, September 27th. Wall Street Zen raised MSA Safety Incorporporated from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. Stifel Nicolaus started coverage on shares of MSA Safety Incorporporated in a research note on Wednesday, July 16th. They issued a "hold" rating and a $182.00 price target for the company. Finally, DA Davidson lifted their price target on MSA Safety Incorporporated from $183.00 to $203.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $189.20.

MSA Safety Incorporporated Stock Performance

NYSE:MSA opened at $173.79 on Monday. MSA Safety Incorporporated has a twelve month low of $127.86 and a twelve month high of $182.85. The company has a 50-day moving average of $172.31 and a 200-day moving average of $163.84. The firm has a market cap of $6.80 billion, a price-to-earnings ratio of 24.79 and a beta of 0.99. The company has a current ratio of 3.11, a quick ratio of 1.90 and a debt-to-equity ratio of 0.54.

MSA Safety Incorporporated (NYSE:MSA - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The industrial products company reported $1.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.76 by $0.17. The business had revenue of $474.12 million for the quarter, compared to analyst estimates of $446.46 million. MSA Safety Incorporporated had a net margin of 15.15% and a return on equity of 26.03%. The firm's revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.01 earnings per share. Analysts forecast that MSA Safety Incorporporated will post 8.06 earnings per share for the current fiscal year.

MSA Safety Incorporporated Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, August 15th. MSA Safety Incorporporated's dividend payout ratio is 30.24%.

MSA Safety Incorporporated 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.

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