MSA Safety Incorporporated $MSA Shares Purchased by Edmond DE Rothschild Holding S.A.

Key Points

• Edmond DE Rothschild Holding S.A. increased its stake in MSA Safety Incorporated by 12.7%, purchasing an additional 1,508 shares, now holding a total of 13,366 shares valued at approximately $1.96 million.
• Several other hedge funds made significant investments in MSA Safety, including Bayforest Capital Ltd, which boosted its holdings by 3,400% in the same quarter.
• MSA Safety reported a strong quarterly earnings result, with an EPS of $1.93 that exceeded estimates, along with revenue of $474.12 million, indicating a 2.5% year-over-year growth.

Edmond DE Rothschild Holding S.A. raised its stake in MSA Safety Incorporporated (NYSE:MSA - Free Report) by 12.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,366 shares of the industrial products company's stock after purchasing an additional 1,508 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in MSA Safety Incorporporated were worth $1,961,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Bayforest Capital Ltd boosted its holdings in shares of 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 valued at $26,000 after purchasing an additional 170 shares during the last quarter. GAMMA Investing LLC boosted 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 valued at $39,000 after purchasing an additional 76 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of 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 valued at $41,000 after purchasing an additional 99 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of MSA Safety Incorporporated by 24.7% in the 1st quarter. Fifth Third Bancorp now owns 682 shares of the industrial products company's stock valued at $100,000 after purchasing an additional 135 shares during the last quarter. Finally, Covestor Ltd boosted its holdings in shares of MSA Safety Incorporporated by 11.6% in the 1st quarter. Covestor Ltd now owns 970 shares of the industrial products company's stock valued at $142,000 after purchasing an additional 101 shares during the last quarter. Institutional investors and hedge funds own 92.51% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MSA. DA Davidson lifted their price target on shares of MSA Safety Incorporporated from $183.00 to $203.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. Wall Street Zen upgraded shares of MSA Safety Incorporporated from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. Finally, Stifel Nicolaus initiated coverage on shares of MSA Safety Incorporporated in a research note on Wednesday, July 16th. They issued a "hold" rating and a $182.00 target price on the stock. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, MSA Safety Incorporporated presently has an average rating of "Hold" and a consensus price target of $189.20.

MSA Safety Incorporporated Stock Performance

Shares of MSA stock opened at $172.14 on Friday. The company's fifty day simple moving average is $173.62 and its 200-day simple moving average is $161.72. MSA Safety Incorporporated has a 52 week low of $127.86 and a 52 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 has a market cap of $6.74 billion, a PE ratio of 24.56 and a beta of 0.95.

MSA Safety Incorporporated (NYSE:MSA - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The industrial products company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $474.12 million for the quarter, compared to the consensus estimate of $446.46 million. During the same quarter in the previous year, the firm posted $2.01 EPS. The firm's quarterly revenue was up 2.5% on a year-over-year basis. As a group, equities research analysts anticipate that MSA Safety Incorporporated will post 8.06 EPS for the current year.

MSA Safety Incorporporated Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.12 annualized dividend and a yield of 1.2%. MSA Safety Incorporporated's payout ratio is 30.24%.

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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