Sendero Wealth Management LLC Invests $550,000 in MSA Safety Incorporporated $MSA

Key Points

• Sendero Wealth Management LLC invested $550,000 in MSA Safety Incorporated during the second quarter, purchasing 3,284 shares of the company.
• MSA Safety has recently received several analyst upgrades, with Wall Street Zen upgrading the stock from "hold" to "buy," and a consensus price target of $189.20.
• MSA Safety reported strong quarterly earnings, beating EPS expectations with $1.93, and demonstrating a revenue increase compared to the previous year, highlighting its solid financial performance.

Sendero Wealth Management LLC bought a new position in shares of MSA Safety Incorporporated (NYSE:MSA - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,284 shares of the industrial products company's stock, valued at approximately $550,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bayforest Capital Ltd grew its position in 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 buying an additional 170 shares in the last quarter. GAMMA Investing LLC increased its position 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 valued at $39,000 after purchasing an additional 76 shares during the period. UMB Bank n.a. increased its position 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 valued at $41,000 after purchasing an additional 99 shares during the period. Parallel Advisors LLC raised its stake in shares of MSA Safety Incorporporated by 115.4% in the second quarter. Parallel Advisors LLC now owns 293 shares of the industrial products company's stock valued at $49,000 after purchasing an additional 157 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position 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 worth $100,000 after purchasing an additional 135 shares during the period. Institutional investors own 92.51% of the company's stock.

Insider Transactions at MSA Safety Incorporporated

In other news, President Stephanie L. Sciullo sold 2,361 shares of the firm's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $169.51, for a total value of $400,213.11. Following the transaction, the president owned 9,083 shares of the company's stock, valued at approximately $1,539,659.33. This trade represents a 20.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.70% of the company's stock.

Analyst Upgrades and Downgrades

MSA has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of MSA Safety Incorporporated from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Stifel Nicolaus assumed coverage on shares of MSA Safety Incorporporated in a research note on Wednesday, July 16th. They set a "hold" rating and a $182.00 price target for the company. DA Davidson increased their target price on MSA Safety Incorporporated from $183.00 to $203.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of MSA Safety Incorporporated in a research report on Saturday, September 27th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $189.20.

MSA Safety Incorporporated Stock Performance

Shares of MSA Safety Incorporporated stock opened at $173.79 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.11 and a quick ratio of 1.90. The firm has a 50 day simple moving average of $172.31 and a 200 day simple moving average of $163.84. MSA Safety Incorporporated has a fifty-two week low of $127.86 and a fifty-two week high of $182.85. The firm has a market cap of $6.80 billion, a P/E ratio of 24.79 and a beta of 0.99.

MSA Safety Incorporporated (NYSE:MSA - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The industrial products company reported $1.93 EPS for the quarter, beating analysts' consensus estimates 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%.The business's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the company earned $2.01 EPS. Sell-side analysts predict 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 was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were given a dividend of $0.53 per share. The ex-dividend date was Friday, August 15th. This represents a $2.12 dividend on an annualized basis and a yield of 1.2%. MSA Safety Incorporporated's dividend 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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