MSA Safety Incorporporated (NYSE:MSA - Get Free Report) announced a quarterly dividend on Monday, May 4th. Stockholders of record on Friday, May 15th will be paid a dividend of 0.54 per share by the industrial products company on Wednesday, June 10th. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, May 15th. This is a 1.9% increase from MSA Safety Incorporporated's previous quarterly dividend of $0.53.
MSA Safety Incorporporated has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 56 years. MSA Safety Incorporporated has a payout ratio of 24.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect MSA Safety Incorporporated to earn $9.51 per share next year, which means the company should continue to be able to cover its $2.12 annual dividend with an expected future payout ratio of 22.3%.
MSA Safety Incorporporated Stock Performance
Shares of MSA Safety Incorporporated stock opened at $165.45 on Tuesday. The company has a market cap of $6.42 billion, a PE ratio of 23.37 and a beta of 0.97. MSA Safety Incorporporated has a 52 week low of $151.10 and a 52 week high of $208.92. The business has a 50 day moving average price of $176.16 and a 200-day moving average price of $172.11. The company has a quick ratio of 1.82, a current ratio of 3.01 and a debt-to-equity ratio of 0.42.
MSA Safety Incorporporated (NYSE:MSA - Get Free Report) last issued its quarterly earnings data on Monday, May 4th. The industrial products company reported $1.99 EPS for the quarter, topping the consensus estimate of $1.85 by $0.14. The firm had revenue of $463.63 million during the quarter, compared to the consensus estimate of $451.28 million. MSA Safety Incorporporated had a return on equity of 24.48% and a net margin of 14.88%.The company's quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.68 earnings per share. Equities analysts anticipate that MSA Safety Incorporporated will post 8.74 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other MSA Safety Incorporporated news, CAO Jonathan D. Buck sold 1,100 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $203.48, for a total transaction of $223,828.00. Following the completion of the transaction, the chief accounting officer directly owned 3,234 shares of the company's stock, valued at approximately $658,054.32. This represents a 25.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.70% of the company's stock.
Hedge Funds Weigh In On MSA Safety Incorporporated
Several institutional investors and hedge funds have recently bought and sold shares of MSA. Ruane Cunniff & Goldfarb L.P. bought a new position in MSA Safety Incorporporated during the second quarter valued at $158,997,000. Madison Asset Management LLC bought a new position in shares of MSA Safety Incorporporated in the fourth quarter worth $90,999,000. Norges Bank bought a new position in shares of MSA Safety Incorporporated in the fourth quarter worth $66,878,000. Natixis Advisors LLC boosted its holdings in shares of MSA Safety Incorporporated by 1,447.3% in the fourth quarter. Natixis Advisors LLC now owns 363,177 shares of the industrial products company's stock worth $58,159,000 after acquiring an additional 339,705 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in shares of MSA Safety Incorporporated by 4,827.4% in the third quarter. Victory Capital Management Inc. now owns 338,411 shares of the industrial products company's stock worth $58,230,000 after acquiring an additional 331,543 shares during the period. 92.51% of the stock is owned by institutional investors.
About MSA Safety Incorporporated
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MSA Safety Incorporated develops, manufactures and supplies a wide range of safety products designed to protect workers in hazardous environments. The company's offerings span personal protective equipment such as industrial helmets, face shields, protective clothing and fall protection devices, as well as fixed and portable gas detection and monitoring systems. MSA's products are used in industries including oil and gas, mining, construction, fire service, and chemical processing to guard against risks such as gas leaks, impacts, flame exposure and falls from height.
Key product lines include self-contained breathing apparatus (SCBA) and air-purifying respirators, gas detectors and sensors, head and face protection, and fall arrest systems.
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