US Bancorp DE Cuts Stake in MSA Safety Incorporporated (MSA)

US Bancorp DE cut its stake in shares of MSA Safety Incorporporated (NYSE:MSA) by 25.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,395 shares of the industrial products company’s stock after selling 9,836 shares during the period. US Bancorp DE owned 0.07% of MSA Safety Incorporporated worth $2,305,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sit Investment Associates Inc. increased its position in shares of MSA Safety Incorporporated by 18.3% in the first quarter. Sit Investment Associates Inc. now owns 14,875 shares of the industrial products company’s stock worth $1,052,000 after buying an additional 2,300 shares in the last quarter. ProShare Advisors LLC increased its position in shares of MSA Safety Incorporporated by 17.3% in the first quarter. ProShare Advisors LLC now owns 244,887 shares of the industrial products company’s stock worth $17,311,000 after buying an additional 36,176 shares in the last quarter. First Manhattan Co. increased its position in shares of MSA Safety Incorporporated by 0.5% in the first quarter. First Manhattan Co. now owns 102,184 shares of the industrial products company’s stock worth $5,930,000 after buying an additional 550 shares in the last quarter. Nationwide Fund Advisors increased its position in shares of MSA Safety Incorporporated by 202.1% in the first quarter. Nationwide Fund Advisors now owns 214,810 shares of the industrial products company’s stock worth $15,185,000 after buying an additional 143,714 shares in the last quarter. Finally, Retirement Systems of Alabama increased its position in shares of MSA Safety Incorporporated by 0.4% in the first quarter. Retirement Systems of Alabama now owns 40,460 shares of the industrial products company’s stock worth $2,860,000 after buying an additional 169 shares in the last quarter. 65.96% of the stock is owned by institutional investors and hedge funds.

Shares of MSA Safety Incorporporated (NYSE:MSA) traded down 0.48% during trading on Friday, reaching $68.61. 208,032 shares of the company’s stock traded hands. The company has a 50 day moving average of $76.25 and a 200-day moving average of $74.87. MSA Safety Incorporporated has a 1-year low of $53.10 and a 1-year high of $84.86. The company has a market capitalization of $2.62 billion, a price-to-earnings ratio of 34.56 and a beta of 1.62.

MSA Safety Incorporporated (NYSE:MSA) last released its earnings results on Thursday, August 3rd. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by $0.02. MSA Safety Incorporporated had a return on equity of 19.64% and a net margin of 6.74%. The firm had revenue of $288.78 million for the quarter, compared to analyst estimates of $302.94 million. During the same period in the previous year, the firm earned $0.79 earnings per share. MSA Safety Incorporporated’s revenue was down 2.4% on a year-over-year basis. Equities analysts predict that MSA Safety Incorporporated will post $3.17 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Sunday, September 10th. Investors of record on Wednesday, August 16th will be given a $0.35 dividend. The ex-dividend date of this dividend is Monday, August 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.04%. MSA Safety Incorporporated’s dividend payout ratio (DPR) is 71.07%.

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A number of research analysts recently issued reports on MSA shares. BidaskClub downgraded shares of MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd. Zacks Investment Research upgraded shares of MSA Safety Incorporporated from a “hold” rating to a “buy” rating and set a $87.00 price target for the company in a research note on Tuesday, May 2nd. Robert W. Baird boosted their price objective on shares of MSA Safety Incorporporated from $82.00 to $84.00 and gave the stock an “outperform” rating in a research report on Friday, June 30th. Stifel Nicolaus boosted their price objective on shares of MSA Safety Incorporporated from $81.00 to $91.00 and gave the stock a “buy” rating in a research report on Monday, May 22nd. Finally, Barrington Research boosted their price objective on shares of MSA Safety Incorporporated from $78.00 to $88.00 and gave the stock an “outperform” rating in a research report on Thursday, April 27th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. MSA Safety Incorporporated currently has a consensus rating of “Hold” and a consensus price target of $87.50.

MSA Safety Incorporporated Company Profile

Mine Safety Appliances Company is engaged in the development, manufacture and supply of products that protect people’s health and safety. The Company’s line of safety products is used by workers worldwide in the fire service, homeland security, oil and gas, construction and other industries, as well as the military.

Institutional Ownership by Quarter for MSA Safety Incorporporated (NYSE:MSA)

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