Commerce Bank Has $347,000 Holdings in MSA Safety Incorporated (NYSE:MSA)

Commerce Bank trimmed its holdings in shares of MSA Safety Incorporated (NYSE:MSA - Free Report) by 88.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,954 shares of the industrial products company's stock after selling 14,391 shares during the period. Commerce Bank's holdings in MSA Safety were worth $347,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in MSA. Bank of New York Mellon Corp grew its position in MSA Safety by 3.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 770,641 shares of the industrial products company's stock worth $144,642,000 after purchasing an additional 22,366 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of MSA Safety by 3.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 738,951 shares of the industrial products company's stock valued at $138,695,000 after acquiring an additional 22,979 shares in the last quarter. Conestoga Capital Advisors LLC lifted its position in MSA Safety by 43.5% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 440,316 shares of the industrial products company's stock worth $78,086,000 after buying an additional 133,373 shares in the last quarter. Cooke & Bieler LP purchased a new stake in MSA Safety in the 2nd quarter worth approximately $60,236,000. Finally, Janus Henderson Group PLC lifted its position 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 worth $60,443,000 after buying an additional 293,872 shares in the last quarter. Institutional investors and hedge funds own 92.51% of the company's stock.

Analysts Set New Price Targets

Separately, B. Riley initiated coverage on shares of MSA Safety in a research note on Tuesday, November 5th. They issued a "buy" rating and a $200.00 target price on the stock.

MSA Safety Trading Down 0.8 %

MSA opened at $174.78 on Wednesday. The company has a current ratio of 2.68, a quick ratio of 1.56 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $6.87 billion, a PE ratio of 25.26 and a beta of 0.99. MSA Safety Incorporated has a 1-year low of $160.02 and a 1-year high of $200.60. The firm has a 50-day moving average price of $172.88 and a two-hundred day moving average price of $179.21.

MSA Safety (NYSE:MSA - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.78 by $0.05. MSA Safety had a net margin of 15.16% and a return on equity of 29.14%. The firm had revenue of $432.68 million during the quarter, compared to analysts' expectations of $449.95 million. During the same quarter in the previous year, the company earned $1.78 earnings per share. The business's revenue for the quarter was down 3.1% on a year-over-year basis. As a group, equities analysts anticipate that MSA Safety Incorporated will post 7.64 earnings per share for the current fiscal year.

MSA Safety Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend is Friday, November 15th. MSA Safety's dividend payout ratio is presently 29.48%.

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.