Northwest & Ethical Investments L.P. Trims Position in MSA Safety Incorporated (NYSE:MSA)

Northwest & Ethical Investments L.P. trimmed its position in shares of MSA Safety Incorporated (NYSE:MSA) by 9.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,662 shares of the industrial products company’s stock after selling 2,135 shares during the period. Northwest & Ethical Investments L.P. owned approximately 0.05% of MSA Safety worth $3,664,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in MSA. GAMMA Investing LLC increased its holdings in shares of MSA Safety by 198.8% during the 2nd quarter. GAMMA Investing LLC now owns 245 shares of the industrial products company’s stock worth $46,000 after buying an additional 163 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of MSA Safety by 486.0% during the 3rd quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock worth $47,000 after buying an additional 209 shares during the last quarter. Covestor Ltd increased its holdings in shares of MSA Safety by 985.1% during the 3rd quarter. Covestor Ltd now owns 803 shares of the industrial products company’s stock worth $143,000 after buying an additional 729 shares during the last quarter. Kowal Investment Group LLC acquired a new stake in MSA Safety in the 2nd quarter valued at $204,000. Finally, CIBC Asset Management Inc acquired a new stake in MSA Safety in the 2nd quarter valued at $206,000. 92.51% of the stock is currently owned by institutional investors and hedge funds.

MSA Safety Stock Down 0.3 %

Shares of MSA Safety stock opened at $174.32 on Friday. The business has a 50-day moving average of $172.48 and a 200-day moving average of $179.14. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.68 and a quick ratio of 1.56. The company has a market capitalization of $6.85 billion, a PE ratio of 25.19 and a beta of 0.99. MSA Safety Incorporated has a 1-year low of $160.02 and a 1-year high of $200.60.

MSA Safety (NYSE:MSA) last issued its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.78 by $0.05. MSA Safety had a net margin of 15.16% and a return on equity of 29.14%. The business had revenue of $432.68 million for the quarter, compared to analysts’ expectations of $449.95 million. During the same quarter last year, the company posted $1.78 earnings per share. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. As a group, equities analysts forecast that MSA Safety Incorporated will post 7.64 EPS for the current fiscal year.

MSA Safety Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be given a dividend of $0.51 per share. The ex-dividend date is Friday, November 15th. This represents a $2.04 annualized dividend and a dividend yield of 1.17%. MSA Safety’s payout ratio is 29.48%.

Analyst Ratings Changes

Separately, B. Riley initiated coverage on MSA Safety in a report on Tuesday, November 5th. They issued a “buy” rating and a $200.00 price target for the company.

MSA Safety Company 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.