Suncoast Equity Management Raises Holdings in MSA Safety Incorporated (NYSE:MSA)

Suncoast Equity Management raised its stake in MSA Safety Incorporated (NYSE:MSA) by 4.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,295 shares of the industrial products company’s stock after buying an additional 290 shares during the quarter. Suncoast Equity Management’s holdings in MSA Safety were worth $1,116,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in MSA. Cooke & Bieler LP purchased a new stake in MSA Safety in the 2nd quarter valued at $60,236,000. Janus Henderson Group PLC grew its holdings in MSA Safety by 1,601.5% in the 1st quarter. Janus Henderson Group PLC now owns 312,222 shares of the industrial products company’s stock valued at $60,443,000 after buying an additional 293,872 shares in the last quarter. Conestoga Capital Advisors LLC grew its holdings in MSA Safety by 219.8% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 306,943 shares of the industrial products company’s stock valued at $57,610,000 after buying an additional 210,968 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in MSA Safety by 12.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 718,969 shares of the industrial products company’s stock valued at $139,186,000 after buying an additional 77,960 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in MSA Safety by 13,226.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 69,566 shares of the industrial products company’s stock valued at $13,467,000 after buying an additional 69,044 shares in the last quarter. 92.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Nishan J. Vartanian sold 3,945 shares of the stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $189.00, for a total transaction of $745,605.00. Following the transaction, the chief executive officer now owns 31,953 shares of the company’s stock, valued at approximately $6,039,117. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.20% of the stock is owned by corporate insiders.

MSA Safety Trading Down 1.0 %

Shares of MSA Safety stock traded down $1.78 during trading hours on Monday, hitting $170.53. The company’s stock had a trading volume of 6,346 shares, compared to its average volume of 150,725. MSA Safety Incorporated has a twelve month low of $147.35 and a twelve month high of $200.60. The firm has a fifty day moving average of $176.15 and a 200-day moving average of $182.62. The stock has a market cap of $6.72 billion, a price-to-earnings ratio of 25.53 and a beta of 0.99. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.54 and a current ratio of 2.45.

MSA Safety (NYSE:MSA) last announced its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $2.01 EPS for the quarter, beating the consensus estimate of $1.97 by $0.04. MSA Safety had a return on equity of 30.64% and a net margin of 14.97%. The business had revenue of $462.46 million for the quarter, compared to analyst estimates of $461.30 million. Research analysts forecast that MSA Safety Incorporated will post 7.75 EPS for the current year.

MSA Safety Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend was Thursday, August 15th. MSA Safety’s payout ratio is 30.22%.

Analysts Set New Price Targets

Several brokerages have issued reports on MSA. William Blair upgraded MSA Safety to a “strong-buy” rating in a report on Tuesday, July 16th. Stifel Nicolaus upped their price target on MSA Safety from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, July 26th.

MSA Safety 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.