Natixis Investment Managers International boosted its position in MSA Safety Incorporated (NYSE:MSA) by 22.3% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,332 shares of the industrial products company’s stock after purchasing an additional 243 shares during the period. Natixis Investment Managers International’s holdings in MSA Safety were worth $220,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the business. Inscription Capital LLC bought a new stake in MSA Safety in the 2nd quarter worth about $420,000. LPL Financial LLC bought a new stake in MSA Safety in the 2nd quarter worth about $214,000. Stifel Financial Corp grew its position in MSA Safety by 2.8% in the 2nd quarter. Stifel Financial Corp now owns 31,289 shares of the industrial products company’s stock worth $5,181,000 after purchasing an additional 859 shares in the last quarter. Blueshift Asset Management LLC grew its position in MSA Safety by 97.7% in the 2nd quarter. Blueshift Asset Management LLC now owns 13,883 shares of the industrial products company’s stock worth $2,299,000 after purchasing an additional 6,862 shares in the last quarter. Finally, AXA S.A. bought a new stake in MSA Safety in the 2nd quarter worth about $3,494,000. 77.29% of the stock is owned by institutional investors and hedge funds.
In related news, Director William M. Lambert sold 10,000 shares of the company’s stock in a transaction on Thursday, September 16th. The shares were sold at an average price of $153.67, for a total value of $1,536,700.00. Following the completion of the transaction, the director now directly owns 41,740 shares in the company, valued at $6,414,185.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kenneth D. Krause sold 4,000 shares of MSA Safety stock in a transaction dated Monday, August 23rd. The stock was sold at an average price of $160.00, for a total value of $640,000.00. Following the sale, the chief financial officer now directly owns 13,655 shares of the company’s stock, valued at approximately $2,184,800. The disclosure for this sale can be found here. Insiders sold a total of 17,249 shares of company stock worth $2,681,952 over the last quarter. Corporate insiders own 6.29% of the company’s stock.
MSA Safety (NYSE:MSA) last posted its earnings results on Wednesday, July 28th. The industrial products company reported $1.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.05). MSA Safety had a return on equity of 20.43% and a net margin of 7.59%. The firm had revenue of $341.29 million during the quarter, compared to analysts’ expectations of $330.52 million. As a group, research analysts anticipate that MSA Safety Incorporated will post 4.72 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 10th. Shareholders of record on Monday, August 16th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend was Friday, August 13th. MSA Safety’s dividend payout ratio is presently 39.11%.
A number of research analysts have weighed in on MSA shares. Zacks Investment Research cut shares of MSA Safety from a “hold” rating to a “sell” rating in a research note on Wednesday, September 29th. Robert W. Baird set a $162.59 target price on shares of MSA Safety and gave the company a “neutral” rating in a research note on Wednesday, July 21st.
About MSA Safety
MSA Safety, Inc engages in developing, manufacturing, and sale of innovative products, which enhances the safety and health of workers and protect facility infrastructures. It operates through the following geographical segments: Americas, International, and Corporate. The Americas segment consists of manufacturing and research and development facilities in U.S., Mexico, and Brazil.
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