Brown Advisory Inc. Has $62.63 Million Position in MSA Safety Incorporporated $MSA

Brown Advisory Inc. cut its position in shares of MSA Safety Incorporporated (NYSE:MSA) by 13.7% during the second quarter, Holdings Channel reports. The institutional investor owned 373,830 shares of the industrial products company’s stock after selling 59,522 shares during the quarter. Brown Advisory Inc.’s holdings in MSA Safety Incorporporated were worth $62,628,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bayforest Capital Ltd raised its holdings in MSA Safety Incorporporated by 3,400.0% in the 1st quarter. Bayforest Capital Ltd now owns 175 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 170 shares in the last quarter. Penserra Capital Management LLC bought a new stake in shares of MSA Safety Incorporporated during the second quarter valued at approximately $33,000. EverSource Wealth Advisors LLC raised its stake in shares of MSA Safety Incorporporated by 94.1% in the second quarter. EverSource Wealth Advisors LLC now owns 198 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 96 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in MSA Safety Incorporporated by 397.7% in the second quarter. Steward Partners Investment Advisory LLC now owns 219 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 175 shares during the period. Finally, Parallel Advisors LLC lifted its position in MSA Safety Incorporporated by 115.4% in the second quarter. Parallel Advisors LLC now owns 293 shares of the industrial products company’s stock worth $49,000 after purchasing an additional 157 shares during the period. 92.51% of the stock is currently owned by institutional investors.

MSA Safety Incorporporated Stock Down 0.5%

Shares of NYSE:MSA opened at $162.40 on Friday. The company’s fifty day moving average is $163.75 and its 200-day moving average is $167.90. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.86 and a current ratio of 3.08. MSA Safety Incorporporated has a 52 week low of $127.86 and a 52 week high of $182.85. The company has a market capitalization of $6.36 billion, a PE ratio of 22.91 and a beta of 0.96.

MSA Safety Incorporporated (NYSE:MSA) last announced its quarterly earnings results on Tuesday, October 28th. The industrial products company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.04. The firm had revenue of $468.45 million during the quarter, compared to the consensus estimate of $461.37 million. MSA Safety Incorporporated had a net margin of 15.02% and a return on equity of 25.24%. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the firm posted $1.83 EPS. Equities research analysts predict that MSA Safety Incorporporated will post 8.06 earnings per share for the current fiscal year.

MSA Safety Incorporporated Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be paid a $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.4%. This is an increase from MSA Safety Incorporporated’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, November 14th. MSA Safety Incorporporated’s dividend payout ratio is presently 29.90%.

Insider Activity at MSA Safety Incorporporated

In other MSA Safety Incorporporated news, President Stephanie L. Sciullo sold 2,361 shares of MSA Safety Incorporporated stock in a transaction on Friday, September 12th. The stock was sold at an average price of $169.51, for a total value of $400,213.11. Following the completion of the transaction, the president owned 9,083 shares in the company, valued at approximately $1,539,659.33. The trade was a 20.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Jonathan D. Buck sold 333 shares of the business’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $161.00, for a total value of $53,613.00. Following the completion of the transaction, the chief accounting officer directly owned 4,434 shares in the company, valued at approximately $713,874. This represents a 6.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.70% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have issued reports on MSA. Weiss Ratings reissued a “buy (b-)” rating on shares of MSA Safety Incorporporated in a report on Wednesday, October 8th. Wall Street Zen raised shares of MSA Safety Incorporporated from a “hold” rating to a “buy” rating in a research note on Saturday, November 29th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $189.20.

MSA Safety Incorporporated 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.