MSA Safety Incorporated (NYSE:MSA) Stock Holdings Increased by State Street Corp

State Street Corp increased its holdings in shares of MSA Safety Incorporated (NYSE:MSA - Free Report) by 2.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,691,319 shares of the industrial products company's stock after acquiring an additional 40,569 shares during the quarter. State Street Corp owned approximately 4.30% of MSA Safety worth $299,939,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Cetera Investment Advisers bought a new position in shares of MSA Safety during the first quarter worth about $1,758,000. Great Valley Advisor Group Inc. boosted its stake in MSA Safety by 25.9% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 13,952 shares of the industrial products company's stock valued at $2,619,000 after purchasing an additional 2,874 shares during the period. Envestnet Asset Management Inc. boosted its position in MSA Safety by 11.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 45,334 shares of the industrial products company's stock worth $8,509,000 after acquiring an additional 4,497 shares during the period. Lighthouse Investment Partners LLC bought a new position in shares of MSA Safety in the second quarter worth $795,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of MSA Safety by 3.2% in the second quarter. Dimensional Fund Advisors LP now owns 738,951 shares of the industrial products company's stock worth $138,695,000 after purchasing an additional 22,979 shares in the last quarter. Institutional investors own 92.51% of the company's stock.

MSA Safety Price Performance

Shares of NYSE:MSA traded down $1.17 during trading hours on Wednesday, hitting $177.60. 164,617 shares of the company's stock traded hands, compared to its average volume of 156,629. The company's fifty day simple moving average is $172.06 and its two-hundred day simple moving average is $178.21. The company has a market cap of $6.98 billion, a price-to-earnings ratio of 25.83 and a beta of 0.99. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.56 and a current ratio of 2.68. MSA Safety Incorporated has a 52 week low of $160.02 and a 52 week high of $200.60.

MSA Safety (NYSE:MSA - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.05. The business had revenue of $432.68 million during 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%. The company's revenue was down 3.1% compared to the same quarter last year. During the same period last year, the company posted $1.78 EPS. As a group, equities analysts anticipate that MSA Safety Incorporated will post 7.64 EPS for the current fiscal year.

MSA Safety Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were given a $0.51 dividend. The ex-dividend date was Friday, November 15th. This represents a $2.04 annualized dividend and a dividend yield of 1.15%. MSA Safety's dividend payout ratio (DPR) is presently 29.48%.

Analysts Set New Price Targets

Separately, 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 price target 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.