Cerity Partners LLC Purchases 420 Shares of MSA Safety Incorporated (NYSE:MSA)

Cerity Partners LLC grew its position in MSA Safety Incorporated (NYSE:MSA) by 5.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,792 shares of the industrial products company’s stock after acquiring an additional 420 shares during the quarter. Cerity Partners LLC’s holdings in MSA Safety were worth $1,382,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of MSA. GAMMA Investing LLC raised its stake in shares of 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 purchasing an additional 163 shares in the last quarter. Blue Trust Inc. increased 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 worth $47,000 after purchasing an additional 209 shares in the last quarter. Covestor Ltd lifted its holdings in MSA Safety by 985.1% during the 3rd quarter. Covestor Ltd now owns 803 shares of the industrial products company’s stock valued at $143,000 after purchasing an additional 729 shares during the last quarter. Kowal Investment Group LLC acquired a new position in MSA Safety in the second quarter valued at about $204,000. Finally, CIBC Asset Management Inc bought a new stake in MSA Safety during the second quarter worth about $206,000. Institutional investors and hedge funds own 92.51% of the company’s stock.

Wall Street Analyst Weigh In

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

MSA Safety Stock Down 0.2 %

Shares of MSA opened at $174.38 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.56 and a current ratio of 2.68. MSA Safety Incorporated has a 52 week low of $160.02 and a 52 week high of $200.60. The firm has a market capitalization of $6.85 billion, a price-to-earnings ratio of 25.20 and a beta of 0.99. The business’s fifty day moving average price is $172.05 and its two-hundred day moving average price is $178.66.

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

MSA Safety Announces Dividend

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