Northwest & Ethical Investments L.P. Sells 9,605 Shares of MSA Safety Incorporporated $MSA

Key Points

• Northwest & Ethical Investments L.P. reduced its stake in MSA Safety Incorporporated by 47.4%, selling 9,605 shares, and now holds 10,658 shares valued at $1,563,000.
• The company reported a Earnings Per Share (EPS) of $1.93 for the last quarter, exceeding the consensus estimate of $1.76, with a revenue of $474.12 million.
• MSA Safety Incorporporated announced a quarterly dividend of $0.53 per share, yielding 1.2% annually, with a payout ratio of 30.24%.

Northwest & Ethical Investments L.P. lessened its holdings in MSA Safety Incorporporated (NYSE:MSA - Free Report) by 47.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,658 shares of the industrial products company's stock after selling 9,605 shares during the quarter. Northwest & Ethical Investments L.P.'s holdings in MSA Safety Incorporporated were worth $1,563,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Bayforest Capital Ltd boosted its position 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 acquiring an additional 170 shares during the period. GAMMA Investing LLC boosted its position 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 acquiring an additional 76 shares during the period. 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 purchasing an additional 99 shares in the last quarter. Fifth Third Bancorp raised its stake in 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 purchasing an additional 135 shares in the last quarter. Finally, Covestor Ltd raised its stake in 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 purchasing an additional 101 shares in the last quarter. Institutional investors own 92.51% of the company's stock.

MSA Safety Incorporporated Stock Up 0.6%

Shares of NYSE MSA opened at $170.56 on Tuesday. 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 $6.68 billion, a price-to-earnings ratio of 24.33 and a beta of 0.96. MSA Safety Incorporporated has a 12 month low of $127.86 and a 12 month high of $187.41. The stock has a 50-day moving average price of $172.16 and a two-hundred day moving average price of $160.97.

MSA Safety Incorporporated (NYSE:MSA - Get Free Report) last issued its earnings results on Monday, August 4th. The industrial products company reported $1.93 EPS for the quarter, topping the consensus estimate 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 business's quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.01 earnings per share. As a group, analysts forecast that MSA Safety Incorporporated will post 8.06 earnings per share 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 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 presently 30.24%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MSA. B. Riley reaffirmed a "buy" rating and issued a $195.00 price target (down previously from $200.00) on shares of MSA Safety Incorporporated in a research note on Thursday, May 1st. Wall Street Zen raised MSA Safety Incorporporated from a "hold" rating to a "buy" rating in a research note on Saturday. Robert W. Baird set a $166.00 price target on MSA Safety Incorporporated in a research note on Monday, May 5th. Stifel Nicolaus began coverage on MSA Safety Incorporporated in a research note on Wednesday, July 16th. They issued a "hold" rating and a $182.00 price target for the company. Finally, DA Davidson boosted their price target on MSA Safety Incorporporated from $183.00 to $203.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $189.20.

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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