MSA Safety Incorporated (NYSE:MSA) Shares Sold by Palisade Capital Management LLC NJ

Palisade Capital Management LLC NJ lessened its stake in MSA Safety Incorporated (NYSE:MSAGet Rating) by 5.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 106,005 shares of the industrial products company’s stock after selling 6,146 shares during the period. Palisade Capital Management LLC NJ owned about 0.27% of MSA Safety worth $14,067,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. OLD Mission Capital LLC boosted its position in MSA Safety by 46.3% in the 4th quarter. OLD Mission Capital LLC now owns 4,217 shares of the industrial products company’s stock valued at $637,000 after buying an additional 1,334 shares during the period. Charles Schwab Investment Management Inc. boosted its position in MSA Safety by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 324,212 shares of the industrial products company’s stock valued at $48,944,000 after buying an additional 9,758 shares during the period. Rhumbline Advisers boosted its position in MSA Safety by 3.6% in the 4th quarter. Rhumbline Advisers now owns 108,071 shares of the industrial products company’s stock valued at $16,314,000 after buying an additional 3,706 shares during the period. Yousif Capital Management LLC purchased a new position in MSA Safety in the 4th quarter valued at approximately $2,891,000. Finally, Trillium Asset Management LLC boosted its position in MSA Safety by 41.1% in the 4th quarter. Trillium Asset Management LLC now owns 24,219 shares of the industrial products company’s stock valued at $3,656,000 after buying an additional 7,053 shares during the period. Institutional investors and hedge funds own 78.23% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised shares of MSA Safety from a “hold” rating to a “buy” rating in a research report on Friday.

MSA Safety Price Performance

MSA Safety stock opened at $126.36 on Friday. The stock has a market cap of $4.94 billion, a P/E ratio of 123.88 and a beta of 0.91. The company has a fifty day simple moving average of $123.70 and a 200-day simple moving average of $128.92. MSA Safety Incorporated has a 12-month low of $112.89 and a 12-month high of $167.49. The company has a current ratio of 2.51, a quick ratio of 1.50 and a debt-to-equity ratio of 0.74.

MSA Safety (NYSE:MSAGet Rating) last released its quarterly earnings data on Wednesday, July 27th. The industrial products company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.04. The business had revenue of $372.31 million during the quarter, compared to analysts’ expectations of $363.70 million. MSA Safety had a net margin of 2.79% and a return on equity of 23.65%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.06 EPS. Equities analysts expect that MSA Safety Incorporated will post 5.3 EPS for the current fiscal year.

MSA Safety Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, September 10th. Stockholders of record on Tuesday, August 16th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Monday, August 15th. This represents a $1.84 annualized dividend and a dividend yield of 1.46%. MSA Safety’s dividend payout ratio (DPR) is currently 180.39%.

About MSA Safety

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MSA Safety Incorporated develops, manufactures, and supplies safety products that protect people and facility infrastructures in the oil, gas, petrochemical, fire service, construction, industrial manufacturing applications, utilities, military, and mining industries in North America, Latin America, and internationally.

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Institutional Ownership by Quarter for MSA Safety (NYSE:MSA)

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