Intech Investment Management LLC Trims Stock Position in MSA Safety Incorporated (NYSE:MSA)

Intech Investment Management LLC lessened its stake in shares of MSA Safety Incorporated (NYSE:MSA - Free Report) by 39.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,508 shares of the industrial products company's stock after selling 2,977 shares during the quarter. Intech Investment Management LLC's holdings in MSA Safety were worth $799,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in MSA Safety by 10.6% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 126,082 shares of the industrial products company's stock worth $22,359,000 after acquiring an additional 12,039 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in MSA Safety during the third quarter worth $260,000. Quest Partners LLC grew its holdings in MSA Safety by 270,025.0% during the third quarter. Quest Partners LLC now owns 10,805 shares of the industrial products company's stock worth $1,916,000 after acquiring an additional 10,801 shares during the period. Thrivent Financial for Lutherans grew its holdings in MSA Safety by 3.4% during the third quarter. Thrivent Financial for Lutherans now owns 9,245 shares of the industrial products company's stock worth $1,640,000 after acquiring an additional 300 shares during the period. Finally, Mutual of America Capital Management LLC grew its holdings in MSA Safety by 0.3% during the third quarter. Mutual of America Capital Management LLC now owns 21,267 shares of the industrial products company's stock worth $3,771,000 after acquiring an additional 71 shares during the period. Hedge funds and other institutional investors own 92.51% of the company's stock.

MSA Safety Stock Down 0.3 %

MSA Safety stock opened at $173.80 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.56 and a current ratio of 2.68. The firm has a market capitalization of $6.83 billion, a price-to-earnings ratio of 25.12 and a beta of 0.99. MSA Safety Incorporated has a fifty-two week low of $160.02 and a fifty-two week high of $200.60. The stock's fifty day moving average is $172.33 and its two-hundred day moving average is $179.03.

MSA Safety (NYSE:MSA - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The industrial products company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.05. The company had revenue of $432.68 million for the quarter, compared to analyst estimates of $449.95 million. MSA Safety had a return on equity of 29.14% and a net margin of 15.16%. MSA Safety's revenue was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.78 earnings per share. Analysts predict that MSA Safety Incorporated will post 7.64 EPS for the current fiscal year.

MSA Safety Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend is Friday, November 15th. MSA Safety's dividend payout ratio (DPR) is 29.48%.

Wall Street Analysts Forecast Growth

Separately, B. Riley assumed coverage on MSA Safety in a report on Tuesday, November 5th. They set a "buy" rating and a $200.00 price objective on the stock.

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.