ING Groep NV Invests $1.01 Million in MSA Safety Incorporated (NYSE:MSA)

ING Groep NV purchased a new stake in shares of MSA Safety Incorporated (NYSE:MSA - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 5,700 shares of the industrial products company's stock, valued at approximately $1,011,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale lifted its position in shares of MSA Safety by 231.0% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 63,941 shares of the industrial products company's stock worth $12,294,000 after purchasing an additional 44,625 shares during the period. Quadrature Capital Ltd lifted its position in MSA Safety by 80.9% during the first quarter. Quadrature Capital Ltd now owns 17,173 shares of the industrial products company's stock valued at $3,323,000 after acquiring an additional 7,681 shares during the last quarter. Comerica Bank lifted its position in MSA Safety by 23.7% during the first quarter. Comerica Bank now owns 25,203 shares of the industrial products company's stock valued at $4,879,000 after acquiring an additional 4,823 shares during the last quarter. BDF Gestion purchased a new stake in MSA Safety during the second quarter valued at approximately $1,877,000. Finally, Cetera Investment Advisers purchased a new stake in MSA Safety during the first quarter valued at approximately $1,758,000. 92.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Stifel Nicolaus increased their target price on shares of MSA Safety from $200.00 to $215.00 and gave the company a "buy" rating in a research report on Friday, July 26th. B. Riley assumed coverage on shares of MSA Safety in a research report on Tuesday, November 5th. They set a "buy" rating and a $200.00 target price for the company.

MSA Safety Stock Performance

Shares of NYSE MSA traded down $2.39 during midday trading on Monday, reaching $169.64. The company had a trading volume of 68,402 shares, compared to its average volume of 153,327. The business's 50-day simple moving average is $173.16 and its 200 day simple moving average is $179.93. The stock has a market cap of $6.67 billion, a P/E ratio of 25.24 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 company has a current ratio of 2.68, a quick ratio of 1.56 and a debt-to-equity ratio of 0.48.

MSA Safety (NYSE:MSA - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.78 by $0.05. The business had revenue of $432.68 million during the quarter, compared to analysts' expectations of $449.95 million. MSA Safety had a net margin of 15.16% and a return on equity of 29.14%. The business's quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter last year, the company posted $1.78 earnings per share. On average, analysts forecast 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 paid a $0.51 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.20%. MSA Safety's payout ratio is currently 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.