Envestnet Asset Management Inc. Acquires 9,593 Shares of MSA Safety Incorporporated (NYSE:MSA)

Envestnet Asset Management Inc. grew its holdings in MSA Safety Incorporporated (NYSE:MSA - Free Report) by 13.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 82,418 shares of the industrial products company's stock after acquiring an additional 9,593 shares during the period. Envestnet Asset Management Inc. owned 0.21% of MSA Safety Incorporporated worth $12,090,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in MSA. Vanguard Group Inc. lifted its position in shares of MSA Safety Incorporporated by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 3,883,844 shares of the industrial products company's stock worth $643,825,000 after purchasing an additional 22,190 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of MSA Safety Incorporporated by 9.5% during the fourth quarter. JPMorgan Chase & Co. now owns 1,999,779 shares of the industrial products company's stock worth $331,503,000 after buying an additional 173,210 shares during the last quarter. Champlain Investment Partners LLC boosted its position in shares of MSA Safety Incorporporated by 99.2% in the fourth quarter. Champlain Investment Partners LLC now owns 1,354,310 shares of the industrial products company's stock valued at $224,504,000 after acquiring an additional 674,560 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of MSA Safety Incorporporated by 31.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,131,515 shares of the industrial products company's stock worth $187,573,000 after acquiring an additional 271,264 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in MSA Safety Incorporporated by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 806,438 shares of the industrial products company's stock worth $133,718,000 after acquiring an additional 24,733 shares during the period. 92.51% of the stock is owned by institutional investors.

Insider Transactions at MSA Safety Incorporporated

In other news, Chairman Nishan J. Vartanian sold 30,000 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $161.32, for a total transaction of $4,839,600.00. Following the completion of the sale, the chairman owned 35,401 shares of the company's stock, valued at approximately $5,710,889.32. This represents a 45.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.70% of the stock is owned by corporate insiders.

MSA Safety Incorporporated Stock Down 0.2%

NYSE:MSA opened at $174.85 on Friday. MSA Safety Incorporporated has a twelve month low of $127.86 and a twelve month high of $197.02. The firm has a market capitalization of $6.87 billion, a price-to-earnings ratio of 24.12 and a beta of 0.95. The company has a quick ratio of 1.84, a current ratio of 2.94 and a debt-to-equity ratio of 0.40. The stock's 50 day moving average price is $166.23 and its two-hundred day moving average price is $159.19.

MSA Safety Incorporporated (NYSE:MSA - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $1.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.59 by $0.09. The company had revenue of $421.34 million during the quarter, compared to analysts' expectations of $402.60 million. MSA Safety Incorporporated had a return on equity of 27.65% and a net margin of 15.77%. The business's revenue was up 1.9% on a year-over-year basis. During the same period last year, the firm posted $1.61 earnings per share. Equities research analysts expect that MSA Safety Incorporporated will post 8.06 earnings per share for the current fiscal year.

MSA Safety Incorporporated Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were given a dividend of $0.53 per share. The ex-dividend date was Thursday, May 15th. This represents a $2.12 dividend on an annualized basis and a yield of 1.21%. This is an increase from MSA Safety Incorporporated's previous quarterly dividend of $0.51. MSA Safety Incorporporated's dividend payout ratio is currently 29.24%.

Analyst Ratings Changes

Several research analysts recently issued reports on MSA shares. Stifel Nicolaus assumed coverage on shares of MSA Safety Incorporporated in a research report on Wednesday. They issued a "hold" rating and a $182.00 price target for the company. B. Riley reaffirmed a "buy" rating and issued a $195.00 target price (down previously from $200.00) on shares of MSA Safety Incorporporated in a report on Thursday, May 1st. DA Davidson cut their price target on shares of MSA Safety Incorporporated from $188.00 to $183.00 and set a "buy" rating for the company in a report on Monday, May 5th. Wall Street Zen lowered shares of MSA Safety Incorporporated from a "buy" rating to a "hold" rating in a research report on Friday. Finally, Robert W. Baird set a $166.00 price objective on shares of MSA Safety Incorporporated in a report on Monday, May 5th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, MSA Safety Incorporporated currently has a consensus rating of "Hold" and a consensus price target of $185.20.

About MSA Safety Incorporporated

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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