Charles Schwab Investment Management Inc. Purchases 6,119 Shares of MSA Safety Incorporated (NYSE:MSA)

Charles Schwab Investment Management Inc. lifted its position in MSA Safety Incorporated (NYSE:MSA - Free Report) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 424,356 shares of the industrial products company's stock after buying an additional 6,119 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.08% of MSA Safety worth $70,345,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. ORG Partners LLC bought a new stake in MSA Safety during the fourth quarter worth approximately $1,131,000. Redmond Asset Management LLC bought a new stake in MSA Safety during the fourth quarter worth approximately $362,000. Anchor Capital Advisors LLC boosted its position in MSA Safety by 18.8% during the fourth quarter. Anchor Capital Advisors LLC now owns 10,700 shares of the industrial products company's stock worth $1,774,000 after purchasing an additional 1,694 shares during the period. Allspring Global Investments Holdings LLC boosted its position in MSA Safety by 27.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 124,041 shares of the industrial products company's stock worth $20,468,000 after purchasing an additional 26,470 shares during the period. Finally, Great Valley Advisor Group Inc. boosted its position in MSA Safety by 67.6% during the third quarter. Great Valley Advisor Group Inc. now owns 23,385 shares of the industrial products company's stock worth $4,147,000 after purchasing an additional 9,433 shares during the period. Institutional investors own 92.51% of the company's stock.

MSA Safety Stock Down 1.8 %

MSA opened at $152.69 on Wednesday. MSA Safety Incorporated has a 1-year low of $151.14 and a 1-year high of $200.61. The company has a current ratio of 2.79, a quick ratio of 1.76 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $5.99 billion, a price-to-earnings ratio of 21.18 and a beta of 0.99. The business has a 50 day moving average of $162.10 and a 200-day moving average of $169.26.

Remove Ads

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

MSA Safety Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were paid a $0.51 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.34%. MSA Safety's payout ratio is 28.29%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on MSA shares. Jefferies Financial Group started coverage on MSA Safety in a research report on Thursday, December 12th. They set a "hold" rating and a $200.00 target price for the company. Robert W. Baird decreased their target price on MSA Safety from $190.00 to $175.00 and set a "neutral" rating for the company in a research report on Tuesday, February 18th. Finally, DA Davidson assumed coverage on MSA Safety in a research report on Thursday, December 19th. They set a "buy" rating and a $195.00 target price for the company. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, MSA Safety presently has an average rating of "Buy" and a consensus target price of $197.00.

Insider Activity at MSA Safety

In related news, CAO Jonathan D. Buck sold 717 shares of the company's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $159.00, for a total value of $114,003.00. Following the completion of the transaction, the chief accounting officer now directly owns 3,673 shares in the company, valued at approximately $584,007. This represents a 16.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.20% of the stock is currently owned by corporate insiders.

About MSA Safety

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.