Allspring Global Investments Holdings LLC grew its holdings in MSA Safety Incorporated (NYSE:MSA - Free Report) by 27.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 124,041 shares of the industrial products company's stock after purchasing an additional 26,470 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.32% of MSA Safety worth $20,468,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of MSA. State Street Corp increased its stake in shares of MSA Safety by 2.5% in the third quarter. State Street Corp now owns 1,691,319 shares of the industrial products company's stock worth $299,939,000 after acquiring an additional 40,569 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of MSA Safety by 27.6% in the third quarter. Geode Capital Management LLC now owns 781,705 shares of the industrial products company's stock worth $138,658,000 after acquiring an additional 169,168 shares during the last quarter. Conestoga Capital Advisors LLC increased its stake in shares of MSA Safety by 34.2% in the fourth quarter. Conestoga Capital Advisors LLC now owns 590,718 shares of the industrial products company's stock worth $97,923,000 after acquiring an additional 150,402 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of MSA Safety by 6.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 418,237 shares of the industrial products company's stock worth $74,170,000 after acquiring an additional 26,835 shares during the last quarter. Finally, Copeland Capital Management LLC acquired a new position in shares of MSA Safety in the fourth quarter worth $29,894,000. Hedge funds and other institutional investors own 92.51% of the company's stock.
MSA Safety Stock Down 0.7 %
MSA Safety stock traded down $1.17 during mid-day trading on Wednesday, hitting $158.52. 137,161 shares of the company's stock were exchanged, compared to its average volume of 133,439. The company has a current ratio of 2.79, a quick ratio of 1.76 and a debt-to-equity ratio of 0.42. MSA Safety Incorporated has a 1-year low of $153.79 and a 1-year high of $200.60. The stock has a 50 day moving average of $164.72 and a two-hundred day moving average of $171.04. The stock has a market cap of $6.23 billion, a P/E ratio of 21.99 and a beta of 1.00.
MSA Safety (NYSE:MSA - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The industrial products company reported $2.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.23 by $0.02. MSA Safety had a net margin of 15.76% and a return on equity of 28.62%. As a group, analysts anticipate that MSA Safety Incorporated will post 7.99 EPS for the current fiscal year.
MSA Safety Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Friday, February 14th. MSA Safety's dividend payout ratio (DPR) is 28.29%.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on the stock. B. Riley assumed coverage on shares of MSA Safety in a research note on Tuesday, November 5th. They issued a "buy" rating and a $200.00 price target on the stock. Robert W. Baird lowered their target price on shares of MSA Safety from $190.00 to $175.00 and set a "neutral" rating on the stock in a research report on Tuesday. DA Davidson started coverage on shares of MSA Safety in a research report on Thursday, December 19th. They set a "buy" rating and a $195.00 target price on the stock. Finally, Jefferies Financial Group started coverage on shares of MSA Safety in a research report on Thursday, December 12th. They set a "hold" rating and a $200.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $197.00.
Check Out Our Latest Stock Analysis on MSA Safety
MSA Safety Profile
(
Free Report)
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.
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