MSA Safety Incorporporated $MSA Shares Acquired by TD Asset Management Inc

Key Points

• TD Asset Management Inc increased its stake in MSA Safety Incorporated by 37.6% in the second quarter, owning 13,112 shares valued at approximately $2.2 million.
• MSA Safety reported $1.93 EPS for the last quarter, exceeding expectations of $1.76, with revenue of $474.12 million, marking a 2.5% increase from the previous year.
• The company declared a quarterly dividend of $0.53, resulting in an annualized dividend of $2.12 and a yield of 1.3%.

TD Asset Management Inc increased its stake in MSA Safety Incorporporated (NYSE:MSA - Free Report) by 37.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,112 shares of the industrial products company's stock after buying an additional 3,582 shares during the quarter. TD Asset Management Inc's holdings in MSA Safety Incorporporated were worth $2,197,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Bayforest Capital Ltd grew its stake in shares of MSA Safety Incorporporated by 3,400.0% in the first quarter. Bayforest Capital Ltd now owns 175 shares of the industrial products company's stock valued at $26,000 after buying an additional 170 shares in the last quarter. GAMMA Investing LLC boosted its holdings in MSA Safety Incorporporated by 39.4% in the first quarter. GAMMA Investing LLC now owns 269 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 76 shares during the last quarter. Parallel Advisors LLC boosted its holdings in MSA Safety Incorporporated by 115.4% in the second quarter. Parallel Advisors LLC now owns 293 shares of the industrial products company's stock valued at $49,000 after purchasing an additional 157 shares during the last quarter. Hilltop National Bank purchased a new position in MSA Safety Incorporporated in the second quarter valued at about $116,000. Finally, CWM LLC boosted its holdings in MSA Safety Incorporporated by 96.1% in the second quarter. CWM LLC now owns 696 shares of the industrial products company's stock valued at $117,000 after purchasing an additional 341 shares during the last quarter. Institutional investors and hedge funds own 92.51% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Weiss Ratings reissued a "buy (b-)" rating on shares of MSA Safety Incorporporated in a report on Wednesday, October 8th. Wall Street Zen raised MSA Safety Incorporporated from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. 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 target for the company. Finally, DA Davidson increased their price target on MSA Safety Incorporporated from $183.00 to $203.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, MSA Safety Incorporporated has an average rating of "Moderate Buy" and a consensus price target of $189.20.

Insider Activity

In related news, President Stephanie L. Sciullo sold 2,361 shares of the firm's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $169.51, for a total value of $400,213.11. Following the sale, the president owned 9,083 shares of the company's stock, valued at approximately $1,539,659.33. This trade represents a 20.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.70% of the company's stock.

MSA Safety Incorporporated Trading Up 1.4%

NYSE:MSA opened at $168.63 on Wednesday. The company has a quick ratio of 1.90, a current ratio of 3.11 and a debt-to-equity ratio of 0.54. The business's 50 day moving average is $170.60 and its two-hundred day moving average is $165.51. MSA Safety Incorporporated has a 52 week low of $127.86 and a 52 week high of $182.85. The company has a market cap of $6.60 billion, a PE ratio of 24.06 and a beta of 0.99.

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

MSA Safety Incorporporated Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were issued a $0.53 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.12 annualized dividend and a dividend yield of 1.3%. MSA Safety Incorporporated's dividend payout ratio (DPR) is 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.

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