Russell Investments Group Ltd. Has $4.15 Million Position in MSA Safety Incorporporated $MSA

Key Points

• Russell Investments Group Ltd. increased its stake in MSA Safety Incorporporated by 28.8% during the first quarter, buying 6,314 additional shares to reach a total of 28,272 shares worth $4.14 million.
• MSA Safety Incorporporated reported a quarterly EPS of $1.93, exceeding analysts' estimates of $1.76, and had a 2.5% increase in revenue year-over-year.
• The company announced a quarterly dividend of $0.53 per share, representing a 1.2% yield and a payout ratio of 30.24%.

Russell Investments Group Ltd. increased its stake in shares of MSA Safety Incorporporated (NYSE:MSA - Free Report) by 28.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,272 shares of the industrial products company's stock after purchasing an additional 6,314 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.07% of MSA Safety Incorporporated worth $4,147,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Bayforest Capital Ltd boosted its holdings in shares of MSA Safety Incorporporated by 3,400.0% during the first quarter. Bayforest Capital Ltd now owns 175 shares of the industrial products company's stock worth $26,000 after purchasing an additional 170 shares during the period. GAMMA Investing LLC boosted its holdings in shares of MSA Safety Incorporporated by 39.4% during the first quarter. GAMMA Investing LLC now owns 269 shares of the industrial products company's stock worth $39,000 after purchasing an additional 76 shares during the period. UMB Bank n.a. boosted its holdings in shares of MSA Safety Incorporporated by 54.4% during the first quarter. UMB Bank n.a. now owns 281 shares of the industrial products company's stock worth $41,000 after purchasing an additional 99 shares during the period. Fifth Third Bancorp boosted its holdings in shares of MSA Safety Incorporporated by 24.7% during the first quarter. Fifth Third Bancorp now owns 682 shares of the industrial products company's stock worth $100,000 after purchasing an additional 135 shares during the period. Finally, Covestor Ltd boosted its holdings in shares of MSA Safety Incorporporated by 11.6% during the first quarter. Covestor Ltd now owns 970 shares of the industrial products company's stock worth $142,000 after purchasing an additional 101 shares during the period. 92.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MSA has been the topic of several recent research reports. B. Riley reaffirmed a "buy" rating and set a $195.00 price objective (down previously from $200.00) on shares of MSA Safety Incorporporated in a research report on Thursday, May 1st. Stifel Nicolaus initiated coverage on shares of MSA Safety Incorporporated in a research report on Wednesday, July 16th. They set a "hold" rating and a $182.00 price objective on the stock. Wall Street Zen raised shares of MSA Safety Incorporporated from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Robert W. Baird set a $166.00 price objective on shares of MSA Safety Incorporporated in a research report on Monday, May 5th. Finally, DA Davidson raised their price objective on shares of MSA Safety Incorporporated from $183.00 to $203.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, MSA Safety Incorporporated presently has a consensus rating of "Hold" and an average price target of $189.20.

MSA Safety Incorporporated Stock Performance

MSA stock traded down $1.08 during midday trading on Thursday, hitting $173.05. 27,808 shares of the company traded hands, compared to its average volume of 206,343. MSA Safety Incorporporated has a twelve month low of $127.86 and a twelve month high of $187.41. 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 has a 50 day simple moving average of $173.19 and a 200-day simple moving average of $161.37. The stock has a market capitalization of $6.77 billion, a price-to-earnings ratio of 24.68 and a beta of 0.96.

MSA Safety Incorporporated (NYSE:MSA - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The industrial products company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.76 by $0.17. The company had revenue of $474.12 million for 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 company's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter last year, the company posted $2.01 earnings per share. As a group, equities research analysts predict that MSA Safety Incorporporated will post 8.06 earnings per share for the current year.

MSA Safety Incorporporated Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be paid a $0.53 dividend. The ex-dividend date is Friday, August 15th. This represents a $2.12 annualized dividend and a dividend yield of 1.2%. MSA Safety Incorporporated's dividend payout ratio (DPR) is presently 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.