Janney Montgomery Scott LLC Boosts Stake in MSA Safety Incorporporated $MSA

Janney Montgomery Scott LLC lifted its position in MSA Safety Incorporporated (NYSE:MSA) by 36.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,351 shares of the industrial products company’s stock after acquiring an additional 3,314 shares during the period. Janney Montgomery Scott LLC’s holdings in MSA Safety Incorporporated were worth $2,025,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Brown Brothers Harriman & Co. grew its stake in MSA Safety Incorporporated by 700.0% in the third quarter. Brown Brothers Harriman & Co. now owns 144 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 126 shares during the period. eCIO Inc. purchased a new position in MSA Safety Incorporporated during the fourth quarter valued at $27,000. EverSource Wealth Advisors LLC boosted its holdings in shares of MSA Safety Incorporporated by 94.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 198 shares of the industrial products company’s stock valued at $33,000 after buying an additional 96 shares in the last quarter. Kelleher Financial Advisors bought a new stake in shares of MSA Safety Incorporporated during the 4th quarter valued at $50,000. Finally, Dixon Mitchell Investment Counsel Inc. purchased a new stake in shares of MSA Safety Incorporporated in the 4th quarter worth about $57,000. Hedge funds and other institutional investors own 92.51% of the company’s stock.

Insiders Place Their Bets

In other MSA Safety Incorporporated news, CFO Julie A. Beck acquired 448 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were acquired at an average cost of $158.69 per share, with a total value of $71,093.12. Following the transaction, the chief financial officer owned 3,825 shares of the company’s stock, valued at $606,989.25. The trade was a 13.27% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.70% of the stock is currently owned by insiders.

MSA Safety Incorporporated Stock Performance

Shares of MSA stock opened at $167.97 on Friday. MSA Safety Incorporporated has a one year low of $151.10 and a one year high of $208.92. The company’s 50-day moving average is $167.17 and its 200 day moving average is $174.23. The company has a market capitalization of $6.48 billion, a price-to-earnings ratio of 22.70 and a beta of 0.95. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.92 and a current ratio of 3.17.

MSA Safety Incorporporated (NYSE:MSA) last issued its earnings results on Monday, May 4th. The industrial products company reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.14. The business had revenue of $463.63 million during the quarter, compared to analysts’ expectations of $451.28 million. MSA Safety Incorporporated had a net margin of 15.16% and a return on equity of 24.54%. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.68 earnings per share. Sell-side analysts expect that MSA Safety Incorporporated will post 8.86 EPS for the current fiscal year.

MSA Safety Incorporporated Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 1.3%. This is an increase from MSA Safety Incorporporated’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, May 15th. MSA Safety Incorporporated’s payout ratio is 29.19%.

Analysts Set New Price Targets

Several research analysts recently issued reports on MSA shares. Wall Street Zen upgraded shares of MSA Safety Incorporporated from a “hold” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Weiss Ratings lowered shares of MSA Safety Incorporporated from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 29th. DA Davidson cut their price objective on shares of MSA Safety Incorporporated from $235.00 to $206.00 and set a “buy” rating on the stock in a report on Monday, May 11th. Jefferies Financial Group reaffirmed a “hold” rating and set a $180.00 target price (down from $200.00) on shares of MSA Safety Incorporporated in a research note on Tuesday, March 31st. Finally, Robert W. Baird set a $197.00 target price on shares of MSA Safety Incorporporated in a report on Wednesday, May 6th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $200.00.

MSA Safety Incorporporated Company Profile

MSA Safety Incorporated develops, manufactures and supplies a wide range of safety products designed to protect workers in hazardous environments. The company’s offerings span personal protective equipment such as industrial helmets, face shields, protective clothing and fall protection devices, as well as fixed and portable gas detection and monitoring systems. MSA’s products are used in industries including oil and gas, mining, construction, fire service, and chemical processing to guard against risks such as gas leaks, impacts, flame exposure and falls from height.

Key product lines include self-contained breathing apparatus (SCBA) and air-purifying respirators, gas detectors and sensors, head and face protection, and fall arrest systems.