Pathstone Holdings LLC Sells 273 Shares of MSA Safety Incorporated (NYSE:MSA)

Pathstone Holdings LLC decreased its position in shares of MSA Safety Incorporated (NYSE:MSA) by 2.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,369 shares of the industrial products company’s stock after selling 273 shares during the quarter. Pathstone Holdings LLC’s holdings in MSA Safety were worth $1,662,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in MSA. GAMMA Investing LLC boosted its stake in MSA Safety by 198.8% during the 2nd quarter. GAMMA Investing LLC now owns 245 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 163 shares during the last quarter. Blue Trust Inc. boosted its position in shares of MSA Safety by 486.0% during the third quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock valued at $47,000 after buying an additional 209 shares during the last quarter. Covestor Ltd increased its holdings in MSA Safety by 985.1% in 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 in the last quarter. Kowal Investment Group LLC purchased a new position in MSA Safety in the 2nd quarter worth about $204,000. Finally, CIBC Asset Management Inc bought a new position in MSA Safety during the 2nd quarter valued at about $206,000. Institutional investors own 92.51% of the company’s stock.

Analysts Set New Price Targets

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

MSA Safety Stock Performance

MSA stock opened at $174.32 on Thursday. The company has a market cap of $6.85 billion, a P/E ratio of 25.19 and a beta of 0.99. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.68 and a quick ratio of 1.56. MSA Safety Incorporated has a 1 year low of $160.02 and a 1 year high of $200.60. The stock’s fifty day moving average price is $172.68 and its 200-day moving average price is $179.17.

MSA Safety (NYSE:MSA) last released its quarterly earnings results 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 return on equity of 29.14% and a net margin of 15.16%. The business had revenue of $432.68 million during the quarter, compared to the consensus estimate of $449.95 million. During the same period in the previous year, the company posted $1.78 EPS. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. On average, equities analysts forecast that MSA Safety Incorporated will post 7.64 earnings per share for the current year.

MSA Safety Dividend Announcement

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

About MSA Safety

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.