MSA Safety Incorporporated (NYSE:MSA) Shares Bought by Invesco Ltd.

Key Points

• Invesco Ltd. increased its stake in MSA Safety Incorporated by 0.5% during the first quarter, now holding 420,655 shares valued at approximately $61.7 million.
• Analysts have varying price targets for MSA Safety, with B. Riley setting a new target of $195, while DA Davidson raised theirs to $203, indicating a consensus rating of "Moderate Buy."
• MSA Safety declared a quarterly dividend of $0.53 per share, representing an annualized yield of 1.3%, to be paid on September 10th.

Invesco Ltd. grew its holdings in shares of MSA Safety Incorporporated (NYSE:MSA - Free Report) by 0.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 420,655 shares of the industrial products company's stock after acquiring an additional 2,213 shares during the quarter. Invesco Ltd. owned about 1.07% of MSA Safety Incorporporated worth $61,706,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Prentiss Smith & Co. Inc. lifted its holdings in shares of 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 valued at $3,394,000 after buying an additional 70 shares during the period. GAMMA Investing LLC lifted its holdings in shares of 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 buying an additional 76 shares during the period. UMB Bank n.a. lifted its holdings in shares of 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. Louisiana State Employees Retirement System lifted its holdings in shares of MSA Safety Incorporporated by 0.9% in the first quarter. Louisiana State Employees Retirement System now owns 11,000 shares of the industrial products company's stock valued at $1,614,000 after buying an additional 100 shares during the period. Finally, Covestor Ltd lifted its holdings in shares of MSA Safety Incorporporated by 11.6% in the first quarter. Covestor Ltd now owns 970 shares of the industrial products company's stock valued at $142,000 after buying an additional 101 shares during the period. Institutional investors and hedge funds own 92.51% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on MSA shares. B. Riley restated a "buy" rating and issued a $195.00 price objective (down previously from $200.00) on shares of MSA Safety Incorporporated in a report on Thursday, May 1st. Robert W. Baird set a $166.00 target price on MSA Safety Incorporporated in a report on Monday, May 5th. Wall Street Zen raised MSA Safety Incorporporated from a "hold" rating to a "buy" rating in a research note on Saturday. Stifel Nicolaus initiated coverage on 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 lifted their price target on MSA Safety Incorporporated from $183.00 to $203.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, MSA Safety Incorporporated presently has a consensus rating of "Moderate Buy" and a consensus target price of $189.20.

MSA Safety Incorporporated Trading Down 0.4%

Shares of MSA opened at $169.47 on Friday. The stock has a market capitalization of $6.63 billion, a P/E ratio of 24.18 and a beta of 0.96. MSA Safety Incorporporated has a 1-year low of $127.86 and a 1-year 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 business's 50-day moving average price is $172.07 and its 200 day moving average price is $160.96.

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, beating the consensus estimate of $1.76 by $0.17. The firm had revenue of $474.12 million for the quarter, compared to analyst estimates of $446.46 million. MSA Safety Incorporporated had a return on equity of 26.03% and a net margin of 15.15%. MSA Safety Incorporporated's quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.01 earnings per share. Analysts expect that MSA Safety Incorporporated will post 8.06 earnings per share for the current year.

MSA Safety Incorporporated Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a 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%.

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.

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