Price T Rowe Associates Inc. MD Sells 9,065 Shares of MSA Safety Incorporporated $MSA

Key Points

• Price T Rowe Associates Inc. MD reduced its stake in MSA Safety Incorporated by 0.8%, owning 1,122,450 shares valued at $164.65 million as of the end of the first quarter.
• MSA Safety's most recent earnings report showed $1.93 EPS, exceeding estimates by $0.17, with revenue of $474.12 million, reflecting a 2.5% year-over-year increase.
• The company recently announced a quarterly dividend of $0.53, with an annualized yield of 1.2%, payable on September 10th to shareholders of record on August 15th.

Price T Rowe Associates Inc. MD trimmed its position in shares of MSA Safety Incorporporated (NYSE:MSA - Free Report) by 0.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,122,450 shares of the industrial products company's stock after selling 9,065 shares during the period. Price T Rowe Associates Inc. MD owned 2.86% of MSA Safety Incorporporated worth $164,654,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in MSA. Bayforest Capital Ltd increased its stake in shares of MSA Safety Incorporporated by 3,400.0% during the 1st quarter. Bayforest Capital Ltd now owns 175 shares of the industrial products company's stock worth $26,000 after purchasing an additional 170 shares during the last quarter. GAMMA Investing LLC increased its position in MSA Safety Incorporporated by 39.4% during the first quarter. GAMMA Investing LLC now owns 269 shares of the industrial products company's stock worth $39,000 after buying an additional 76 shares during the last quarter. UMB Bank n.a. raised its stake 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 buying an additional 99 shares during the period. Fifth Third Bancorp lifted its position in shares of MSA Safety Incorporporated by 24.7% in the first 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. Finally, Covestor Ltd boosted its stake in shares of MSA Safety Incorporporated by 11.6% during the 1st quarter. Covestor Ltd now owns 970 shares of the industrial products company's stock worth $142,000 after acquiring an additional 101 shares during the period. Institutional investors and hedge funds own 92.51% of the company's stock.

MSA Safety Incorporporated Stock Performance

Shares of NYSE:MSA traded down $2.38 on Friday, reaching $170.50. 186,663 shares of the company's stock were exchanged, compared to its average volume of 229,900. 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 has a market capitalization of $6.67 billion, a price-to-earnings ratio of 24.32 and a beta of 0.96. The company has a fifty day moving average of $173.46 and a 200-day moving average of $161.45. MSA Safety Incorporporated has a twelve month low of $127.86 and a twelve month high of $187.41.

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, beating analysts' consensus estimates of $1.76 by $0.17. The firm 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 company's revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.01 EPS. On average, research analysts predict that MSA Safety Incorporporated will post 8.06 EPS for the current fiscal year.

MSA Safety Incorporporated Dividend Announcement

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 paid a dividend of $0.53 per share. The ex-dividend date is Friday, August 15th. This represents a $2.12 annualized dividend and a yield of 1.2%. MSA Safety Incorporporated's dividend payout ratio is presently 30.24%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Robert W. Baird set a $166.00 price target on MSA Safety Incorporporated in a report on Monday, May 5th. Wall Street Zen upgraded shares of MSA Safety Incorporporated from a "hold" rating to a "buy" rating in a research note 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 on the stock. Finally, DA Davidson raised their price objective 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. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, MSA Safety Incorporporated has a consensus rating of "Hold" and an average price target of $189.20.

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.