Comerica Bank Purchases 23,177 Shares of MSA Safety Incorporporated $MSA

Key Points

• Comerica Bank increased its stake in MSA Safety Incorporated by 40.2% in Q1, owning approximately $11.86 million worth of the company after acquiring an additional 23,177 shares.
• The firm reported an EPS of $1.93 for the last quarter, surpassing expectations and showing a 2.5% revenue increase year-over-year.
• MSA Safety Incorporated has announced a quarterly dividend of $0.53 per share, reflecting a 1.2% yield based on its annualized dividend of $2.12.

Comerica Bank grew its holdings in MSA Safety Incorporporated (NYSE:MSA - Free Report) by 40.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 80,878 shares of the industrial products company's stock after buying an additional 23,177 shares during the quarter. Comerica Bank owned approximately 0.21% of MSA Safety Incorporporated worth $11,864,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of MSA. Mariner LLC lifted its holdings in MSA Safety Incorporporated by 21.8% in the 4th quarter. Mariner LLC now owns 2,631 shares of the industrial products company's stock worth $436,000 after buying an additional 471 shares during the period. Stifel Financial Corp lifted its holdings in MSA Safety Incorporporated by 52.2% in the 4th quarter. Stifel Financial Corp now owns 29,252 shares of the industrial products company's stock worth $4,849,000 after buying an additional 10,033 shares during the period. Hsbc Holdings PLC lifted its holdings in MSA Safety Incorporporated by 96.1% in the 4th quarter. Hsbc Holdings PLC now owns 20,607 shares of the industrial products company's stock worth $3,406,000 after buying an additional 10,101 shares during the period. Voya Investment Management LLC lifted its holdings in MSA Safety Incorporporated by 3.6% in the 4th quarter. Voya Investment Management LLC now owns 18,766 shares of the industrial products company's stock worth $3,111,000 after buying an additional 649 shares during the period. Finally, Nebula Research & Development LLC lifted its holdings in MSA Safety Incorporporated by 10.5% in the 4th quarter. Nebula Research & Development LLC now owns 3,801 shares of the industrial products company's stock worth $630,000 after buying an additional 360 shares during the period. Hedge funds and other institutional investors own 92.51% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Stifel Nicolaus assumed coverage on MSA Safety Incorporporated in a report on Wednesday, July 16th. They issued a "hold" rating and a $182.00 price objective for the company. Robert W. Baird set a $166.00 target price on MSA Safety Incorporporated in a research note on Monday, May 5th. DA Davidson raised their target price on MSA Safety Incorporporated from $183.00 to $203.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Finally, Wall Street Zen upgraded MSA Safety Incorporporated from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, MSA Safety Incorporporated currently has a consensus rating of "Hold" and an average target price of $189.20.

MSA Safety Incorporporated Stock Down 1.4%

NYSE:MSA traded down $2.38 during trading hours on Friday, reaching $170.50. 186,663 shares of the company traded hands, compared to its average volume of 229,900. The business's 50-day moving average price is $173.46 and its two-hundred day moving average price is $161.45. The stock has a market capitalization of $6.67 billion, a P/E ratio of 24.32 and a beta of 0.96. MSA Safety Incorporporated has a 1 year low of $127.86 and a 1 year high of $187.41. 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 announced its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $446.46 million. MSA Safety Incorporporated had a return on equity of 26.03% and a net margin of 15.15%.The firm's quarterly 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 predict that MSA Safety Incorporporated will post 8.06 earnings per share for the current year.

MSA Safety Incorporporated Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be issued a $0.53 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 1.2%. MSA Safety Incorporporated's dividend payout ratio (DPR) is presently 30.24%.

MSA Safety Incorporporated Company 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.