Commerce Bank Has $347,000 Position in MSA Safety Incorporated (NYSE:MSA)

Commerce Bank trimmed its holdings in MSA Safety Incorporated (NYSE:MSA) by 88.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,954 shares of the industrial products company’s stock after selling 14,391 shares during the quarter. Commerce Bank’s holdings in MSA Safety were worth $347,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in MSA Safety by 198.8% in the second quarter. GAMMA Investing LLC now owns 245 shares of the industrial products company’s stock valued at $46,000 after buying an additional 163 shares during the period. Blue Trust Inc. lifted its position 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 valued at $47,000 after acquiring an additional 209 shares during the period. Covestor Ltd boosted its stake in MSA Safety by 985.1% during the third quarter. Covestor Ltd now owns 803 shares of the industrial products company’s stock worth $143,000 after acquiring an additional 729 shares in the last quarter. Kowal Investment Group LLC bought a new position in MSA Safety during the second quarter worth $204,000. Finally, CIBC Asset Management Inc bought a new stake in MSA Safety in the second quarter valued at $206,000. Institutional investors own 92.51% of the company’s stock.

Analyst Ratings Changes

Separately, B. Riley assumed coverage on shares of MSA Safety in a research report on Tuesday, November 5th. They set a “buy” rating and a $200.00 price objective on the stock.

MSA Safety Price Performance

Shares of MSA opened at $174.78 on Wednesday. The business’s fifty day moving average is $172.88 and its 200 day moving average is $179.21. MSA Safety Incorporated has a 12-month low of $160.02 and a 12-month high of $200.60. The company has a quick ratio of 1.56, a current ratio of 2.68 and a debt-to-equity ratio of 0.48. The stock has a market cap of $6.87 billion, a P/E ratio of 25.26 and a beta of 0.99.

MSA Safety (NYSE:MSA) last issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.05. MSA Safety had a net margin of 15.16% and a return on equity of 29.14%. The firm had revenue of $432.68 million during the quarter, compared to analysts’ expectations of $449.95 million. During the same period last year, the company earned $1.78 earnings per share. The business’s revenue was down 3.1% on a year-over-year basis. Sell-side analysts anticipate that MSA Safety Incorporated will post 7.64 earnings per share for the current fiscal year.

MSA Safety Dividend Announcement

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

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.