JPMorgan Chase & Co. Has $297.41 Million Stock Holdings in MSA Safety Incorporporated (NYSE:MSA)

Key Points

• JPMorgan Chase & Co. increased its stake in MSA Safety Incorporated by 1.4%, owning 2,027,471 shares valued at $297.41 million as of the latest reporting period.
• MSA Safety's recent earnings report showed $1.93 earnings per share, surpassing analyst expectations and signaling a 2.5% revenue increase year-over-year.
• The company declared a quarterly dividend of $0.53 per share with a payout ratio of 30.24%, representing an annualized dividend yield of 1.2%.

JPMorgan Chase & Co. grew its position in shares of MSA Safety Incorporporated (NYSE:MSA - Free Report) by 1.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,027,471 shares of the industrial products company's stock after buying an additional 27,692 shares during the period. JPMorgan Chase & Co. owned about 5.16% of MSA Safety Incorporporated worth $297,410,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Prentiss Smith & Co. Inc. lifted its holdings in MSA Safety Incorporporated by 0.3% in the first quarter. Prentiss Smith & Co. Inc. now owns 23,136 shares of the industrial products company's stock worth $3,394,000 after acquiring an additional 70 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of 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 purchasing an additional 76 shares during the last quarter. UMB Bank n.a. boosted its position in MSA Safety Incorporporated by 54.4% during the 1st 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 period. Louisiana State Employees Retirement System grew its stake in MSA Safety Incorporporated by 0.9% during the 1st quarter. Louisiana State Employees Retirement System now owns 11,000 shares of the industrial products company's stock worth $1,614,000 after buying an additional 100 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its position in MSA Safety Incorporporated by 0.7% in the fourth quarter. Treasurer of the State of North Carolina now owns 16,276 shares of the industrial products company's stock worth $2,698,000 after buying an additional 110 shares during the period. 92.51% of the stock is currently owned by institutional investors.

MSA Safety Incorporporated Stock Down 0.4%

NYSE MSA traded down $0.72 during trading on Friday, reaching $169.47. 373,278 shares of the company's stock were exchanged, compared to its average volume of 209,614. The firm has a market capitalization of $6.63 billion, a PE ratio of 24.18 and a beta of 0.96. MSA Safety Incorporporated has a fifty-two week low of $127.86 and a fifty-two week 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. The company's fifty day simple moving average is $171.99 and its 200-day simple moving average is $160.94.

MSA Safety Incorporporated (NYSE:MSA - Get Free Report) last posted its quarterly 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. The company had revenue of $474.12 million during the quarter, compared to the consensus estimate of $446.46 million. MSA Safety Incorporporated had a return on equity of 26.03% and a net margin of 15.15%. The business's quarterly revenue was up 2.5% on a year-over-year basis. During the same period last year, the business earned $2.01 EPS. Sell-side analysts predict that MSA Safety Incorporporated will post 8.06 EPS for the current year.

MSA Safety Incorporporated Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be paid a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, August 15th. MSA Safety Incorporporated's payout ratio is presently 30.24%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Robert W. Baird set a $166.00 price objective on shares of MSA Safety Incorporporated in a report on Monday, May 5th. B. Riley reissued a "buy" rating and set a $195.00 price target (down from $200.00) on shares of MSA Safety Incorporporated in a report on Thursday, May 1st. DA Davidson boosted their price target on shares of MSA Safety Incorporporated from $183.00 to $203.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Wall Street Zen cut MSA Safety Incorporporated from a "buy" rating to a "hold" rating in a report on Friday, July 18th. Finally, Stifel Nicolaus started coverage on MSA Safety Incorporporated in a research note on Wednesday, July 16th. They set a "hold" rating and a $182.00 target price for the company. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $189.20.

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.