Channing Capital Management LLC Buys 43,758 Shares of MSA Safety Incorporated (NYSE:MSA)

Channing Capital Management LLC raised its stake in MSA Safety Incorporated (NYSE:MSA - Free Report) by 10.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 480,195 shares of the industrial products company's stock after acquiring an additional 43,758 shares during the quarter. MSA Safety makes up approximately 2.1% of Channing Capital Management LLC's investment portfolio, making the stock its 18th largest position. Channing Capital Management LLC owned 1.22% of MSA Safety worth $79,602,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. UMB Bank n.a. raised its holdings in MSA Safety by 78.4% in the 4th quarter. UMB Bank n.a. now owns 182 shares of the industrial products company's stock valued at $30,000 after buying an additional 80 shares during the last quarter. SRS Capital Advisors Inc. raised its holdings in MSA Safety by 120.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 225 shares of the industrial products company's stock valued at $37,000 after buying an additional 123 shares during the last quarter. JFS Wealth Advisors LLC raised its holdings in MSA Safety by 97.6% in the 4th quarter. JFS Wealth Advisors LLC now owns 251 shares of the industrial products company's stock valued at $42,000 after buying an additional 124 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in MSA Safety by 81.3% in the 4th quarter. First Horizon Advisors Inc. now owns 330 shares of the industrial products company's stock valued at $55,000 after buying an additional 148 shares during the last quarter. Finally, Hilltop National Bank raised its holdings in MSA Safety by 23.5% in the 4th quarter. Hilltop National Bank now owns 520 shares of the industrial products company's stock valued at $86,000 after buying an additional 99 shares during the last quarter. Institutional investors own 92.51% of the company's stock.

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MSA Safety Trading Up 0.5 %

Shares of MSA stock traded up $0.79 during trading hours on Friday, hitting $150.42. 241,130 shares of the company were exchanged, compared to its average volume of 155,835. The firm has a market cap of $5.90 billion, a P/E ratio of 20.86 and a beta of 0.99. MSA Safety Incorporated has a fifty-two week low of $148.59 and a fifty-two week high of $200.61. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.76 and a current ratio of 2.79. The company has a 50 day simple moving average of $161.49 and a two-hundred day simple moving average of $168.99.

MSA Safety (NYSE:MSA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $2.25 EPS for the quarter, topping the consensus estimate of $2.23 by $0.02. MSA Safety had a net margin of 15.76% and a return on equity of 28.64%. Equities analysts anticipate that MSA Safety Incorporated will post 8.06 EPS for the current year.

MSA Safety Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 14th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.36%. The ex-dividend date was Friday, February 14th. MSA Safety's dividend payout ratio (DPR) is 28.29%.

Insider Transactions at MSA Safety

In related news, CAO Jonathan D. Buck sold 717 shares of MSA Safety stock in a transaction on Monday, February 24th. The shares were sold at an average price of $159.00, for a total value of $114,003.00. Following the completion of the sale, the chief accounting officer now owns 3,673 shares of the company's stock, valued at approximately $584,007. This trade represents a 16.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 6.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Jefferies Financial Group assumed coverage on shares of MSA Safety in a report on Thursday, December 12th. They issued a "hold" rating and a $200.00 price objective for the company. DA Davidson initiated 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 for the company. Finally, Robert W. Baird decreased their target price on shares of MSA Safety from $190.00 to $175.00 and set a "neutral" rating for the company in a research report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $197.00.

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.