Quantinno Capital Management LP Sells 4,301 Shares of MSA Safety Incorporated (NYSE:MSA)

Quantinno Capital Management LP lessened its stake in shares of MSA Safety Incorporated (NYSE:MSA - Free Report) by 31.5% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 9,346 shares of the industrial products company's stock after selling 4,301 shares during the quarter. Quantinno Capital Management LP's holdings in MSA Safety were worth $1,658,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cooke & Bieler LP bought a new position in MSA Safety during the 2nd quarter worth $60,236,000. Conestoga Capital Advisors LLC raised its stake in MSA Safety by 219.8% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 306,943 shares of the industrial products company's stock worth $57,610,000 after purchasing an additional 210,968 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in MSA Safety by 748.6% in the 2nd quarter. Victory Capital Management Inc. now owns 65,552 shares of the industrial products company's stock valued at $12,303,000 after purchasing an additional 57,827 shares during the period. American Century Companies Inc. grew its position in shares of MSA Safety by 453.6% during the 2nd quarter. American Century Companies Inc. now owns 41,799 shares of the industrial products company's stock worth $7,845,000 after purchasing an additional 34,248 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of MSA Safety by 51.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 97,571 shares of the industrial products company's stock worth $17,303,000 after purchasing an additional 33,204 shares during the period. Institutional investors own 92.51% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on MSA. Jefferies Financial Group assumed coverage on MSA Safety in a research note on Thursday. They issued a "hold" rating and a $200.00 price target for the company. B. Riley started coverage on MSA Safety in a research report on Tuesday, November 5th. They set a "buy" rating and a $200.00 target price for the company. One investment analyst has 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, the stock currently has a consensus rating of "Buy" and a consensus target price of $205.00.

MSA Safety Price Performance

NYSE MSA traded down $1.38 during trading on Thursday, hitting $176.40. 140,356 shares of the company's stock were exchanged, compared to its average volume of 157,080. The stock's 50 day moving average price is $172.24 and its two-hundred day moving average price is $178.20. The company has a market cap of $6.93 billion, a PE ratio of 25.49 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 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 announced its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $1.83 EPS for the quarter, beating analysts' consensus estimates of $1.78 by $0.05. MSA Safety had a return on equity of 29.14% and a net margin of 15.16%. The company had revenue of $432.68 million during the quarter, compared to analysts' expectations of $449.95 million. During the same period in the prior year, the company earned $1.78 EPS. MSA Safety's revenue was down 3.1% compared to the same quarter last year. Research analysts expect that MSA Safety Incorporated will post 7.64 EPS for the current year.

MSA Safety Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.16%. The ex-dividend date was Friday, November 15th. MSA Safety's dividend 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.