GW&K Investment Management LLC lowered its stake in shares of MSA Safety Inc (NYSE:MSA) by 5.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,898 shares of the industrial products company’s stock after selling 2,750 shares during the period. GW&K Investment Management LLC owned 0.13% of MSA Safety worth $5,663,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in MSA Safety by 0.8% during the second quarter. Vanguard Group Inc. now owns 3,712,972 shares of the industrial products company’s stock worth $391,309,000 after buying an additional 28,255 shares during the period. JPMorgan Chase & Co. lifted its position in MSA Safety by 34.4% during the second quarter. JPMorgan Chase & Co. now owns 1,818,855 shares of the industrial products company’s stock worth $190,016,000 after buying an additional 465,461 shares during the period. UBS Asset Management Americas Inc. lifted its position in MSA Safety by 116.6% during the second quarter. UBS Asset Management Americas Inc. now owns 822,027 shares of the industrial products company’s stock worth $86,633,000 after buying an additional 442,553 shares during the period. Invesco Ltd. lifted its position in MSA Safety by 10.0% during the second quarter. Invesco Ltd. now owns 587,892 shares of the industrial products company’s stock worth $61,958,000 after buying an additional 53,670 shares during the period. Finally, Northern Trust Corp lifted its position in MSA Safety by 0.5% during the second quarter. Northern Trust Corp now owns 559,366 shares of the industrial products company’s stock worth $58,952,000 after buying an additional 2,990 shares during the period. 75.14% of the stock is currently owned by institutional investors and hedge funds.
Several research firms recently weighed in on MSA. Zacks Investment Research downgraded MSA Safety from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. ValuEngine downgraded MSA Safety from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $111.83.
MSA Safety (NYSE:MSA) last released its quarterly earnings data on Thursday, October 24th. The industrial products company reported $1.15 EPS for the quarter, hitting analysts’ consensus estimates of $1.15. The company had revenue of $351.01 million for the quarter, compared to the consensus estimate of $346.49 million. MSA Safety had a return on equity of 27.80% and a net margin of 9.37%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the business posted $1.16 EPS. Sell-side analysts forecast that MSA Safety Inc will post 4.91 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 7th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.34%. MSA Safety’s dividend payout ratio (DPR) is 37.33%.
In related news, Chairman William M. Lambert sold 52,163 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $120.38, for a total transaction of $6,279,381.94. Following the sale, the chairman now directly owns 86,740 shares in the company, valued at approximately $10,441,761.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Douglas K. Mcclaine sold 6,000 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $113.16, for a total value of $678,960.00. Following the sale, the vice president now owns 17,093 shares in the company, valued at $1,934,243.88. The disclosure for this sale can be found here. Company insiders own 9.12% of the company’s stock.
About MSA Safety
MSA Safety Incorporated develops, manufactures, and supplies safety products that protect people and facility infrastructures in the oil, gas, petrochemical, fire service, construction, utilities, and mining industries worldwide. It operates through Americas and International segments. The company's core product offerings include permanently installed fixed gas and flame detection instruments, such as permanently installed gas detection monitoring systems, and flame detectors and open-path infrared gas detectors, as well as replacement components and related services to detect the presence or absence of various gases in the air.
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