Axa S.A. lowered its stake in shares of MSA Safety Incorporated (NYSE:MSA – Get Rating) by 7.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,531 shares of the industrial products company’s stock after selling 3,466 shares during the quarter. Axa S.A. owned 0.11% of MSA Safety worth $4,648,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also modified their holdings of MSA. CWM LLC raised its holdings in shares of MSA Safety by 49.4% in the 3rd quarter. CWM LLC now owns 263 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 87 shares in the last quarter. Covestor Ltd raised its stake in MSA Safety by 71.7% in the first quarter. Covestor Ltd now owns 297 shares of the industrial products company’s stock valued at $39,000 after buying an additional 124 shares in the last quarter. Wipfli Financial Advisors LLC acquired a new stake in MSA Safety in the third quarter valued at $33,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in MSA Safety during the 2nd quarter worth about $59,000. Finally, Ethic Inc. acquired a new position in shares of MSA Safety during the 1st quarter worth about $233,000. 80.37% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on MSA shares. TheStreet upgraded MSA Safety from a “c” rating to a “b-” rating in a research note on Friday, November 11th. Stifel Nicolaus increased their target price on shares of MSA Safety from $157.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, December 19th. Finally, Robert W. Baird boosted their price target on shares of MSA Safety from $136.00 to $152.00 in a research report on Monday, January 9th.
MSA Safety Trading Up 0.3 %
MSA Safety (NYSE:MSA – Get Rating) last announced its earnings results on Wednesday, February 15th. The industrial products company reported $1.80 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.18. The business had revenue of $443.00 million for the quarter, compared to analysts’ expectations of $429.88 million. MSA Safety had a net margin of 11.76% and a return on equity of 25.79%. The company’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.67 EPS. On average, research analysts predict that MSA Safety Incorporated will post 5.68 EPS for the current year.
MSA Safety Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, March 10th. Investors of record on Tuesday, February 14th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend is Monday, February 13th. MSA Safety’s dividend payout ratio is currently 40.35%.
About MSA Safety
MSA Safety, Inc engages in the development, manufacture, and sale of innovative products, which enhance the safety and health of workers and protect facility infrastructures. It operates through the following geographical segments: Americas, International, and Corporate. The Americas segment consists of manufacturing and research and development facilities in the U.S., Mexico, and Brazil.
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