MSA Safety Incorporporated (NYSE:MSA) Shares Acquired by Brown Lisle Cummings Inc.

Brown Lisle Cummings Inc. grew its holdings in MSA Safety Incorporporated (NYSE:MSA - Free Report) by 57.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,881 shares of the industrial products company's stock after purchasing an additional 1,775 shares during the quarter. Brown Lisle Cummings Inc.'s holdings in MSA Safety Incorporporated were worth $716,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Anchor Capital Advisors LLC boosted its position in MSA Safety Incorporporated by 18.8% during the fourth quarter. Anchor Capital Advisors LLC now owns 10,700 shares of the industrial products company's stock worth $1,774,000 after acquiring an additional 1,694 shares during the last quarter. Redmond Asset Management LLC purchased a new stake in MSA Safety Incorporporated in the 4th quarter worth approximately $362,000. Charles Schwab Investment Management Inc. grew its stake in MSA Safety Incorporporated by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 424,356 shares of the industrial products company's stock worth $70,345,000 after acquiring an additional 6,119 shares during the period. GAMMA Investing LLC grew its stake in MSA Safety Incorporporated by 20,345.6% in the 1st quarter. GAMMA Investing LLC now owns 39,460 shares of the industrial products company's stock worth $5,788,000 after acquiring an additional 39,267 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in MSA Safety Incorporporated in the 1st quarter worth approximately $1,273,000. 92.51% of the stock is currently owned by institutional investors and hedge funds.

MSA Safety Incorporporated Stock Down 0.1%

Shares of MSA opened at $164.91 on Monday. The firm has a market cap of $6.48 billion, a PE ratio of 22.75 and a beta of 0.95. The company's fifty day moving average is $157.90 and its two-hundred day moving average is $158.90. MSA Safety Incorporporated has a fifty-two week low of $127.86 and a fifty-two week high of $200.61. The company has a quick ratio of 1.84, a current ratio of 2.94 and a debt-to-equity ratio of 0.40.

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

MSA Safety Incorporporated Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were issued a dividend of $0.53 per share. This is a positive change from MSA Safety Incorporporated's previous quarterly dividend of $0.51. The ex-dividend date was Thursday, May 15th. This represents a $2.12 annualized dividend and a dividend yield of 1.29%. MSA Safety Incorporporated's payout ratio is presently 29.24%.

Analyst Ratings Changes

Several analysts have commented on the stock. Wall Street Zen raised shares of MSA Safety Incorporporated from a "hold" rating to a "buy" rating in a research note on Saturday, May 10th. DA Davidson lowered their target price on shares of MSA Safety Incorporporated from $188.00 to $183.00 and set a "buy" rating for the company in a research note on Monday, May 5th. B. Riley reaffirmed a "buy" rating and issued a $195.00 target price (down from $200.00) on shares of MSA Safety Incorporporated in a research note on Thursday, May 1st. Finally, Robert W. Baird set a $166.00 target price on shares of MSA Safety Incorporporated in a research note on Monday, May 5th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, MSA Safety Incorporporated has an average rating of "Moderate Buy" and a consensus price target of $191.80.

Insider Activity at MSA Safety Incorporporated

In related news, Chairman Nishan J. Vartanian sold 30,000 shares of MSA Safety Incorporporated stock in a transaction 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 transaction, the chairman now owns 35,401 shares in the company, valued at approximately $5,710,889.32. The trade was a 45.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.70% of the company's stock.

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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