Copeland Capital Management LLC Trims Stock Holdings in MSA Safety Incorporporated $MSA

Key Points

• Copeland Capital Management LLC reduced its stake in MSA Safety Incorporated by 6.7% during the second quarter, now owning approximately 0.51% of the company.
• MSA Safety Incorporated reported $1.93 earnings per share for the last quarter, surpassing analyst expectations of $1.76, and had revenue of $474.12 million.
• The company recently announced a quarterly dividend of $0.53, which reflects an annual yield of 1.2% and a payout ratio of 30.24%.

Copeland Capital Management LLC decreased its position in MSA Safety Incorporporated (NYSE:MSA - Free Report) by 6.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 200,532 shares of the industrial products company's stock after selling 14,438 shares during the period. Copeland Capital Management LLC owned approximately 0.51% of MSA Safety Incorporporated worth $33,595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

MSA Safety Incorporporated Trading Up 0.7%

MSA stock opened at $173.62 on Friday. 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 has a 12-month low of $127.86 and a 12-month high of $182.85. The stock has a market cap of $6.80 billion, a price-to-earnings ratio of 24.77 and a beta of 1.00. The business's 50-day moving average is $172.44 and its 200 day moving average is $163.50.

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

MSA Safety Incorporporated Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were issued a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, August 15th. MSA Safety Incorporporated's dividend payout ratio (DPR) is 30.24%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Stifel Nicolaus assumed coverage on MSA Safety Incorporporated in a research note on Wednesday, July 16th. They issued a "hold" rating and a $182.00 target price for the company. Wall Street Zen raised MSA Safety Incorporporated from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Finally, DA Davidson increased their price target on MSA Safety Incorporporated from $183.00 to $203.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $189.20.

Insider Activity at MSA Safety Incorporporated

In other MSA Safety Incorporporated news, President Stephanie L. Sciullo sold 2,361 shares of the business's stock in a transaction on Friday, September 12th. The shares were sold at an average price of $169.51, for a total value of $400,213.11. Following the completion of the transaction, the president owned 9,083 shares in the company, valued at $1,539,659.33. The trade was a 20.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.70% of the stock is currently owned by company insiders.

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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