American Century Companies Inc. boosted its holdings in shares of Mine Safety Appliances (NYSE:MSA) by 59.5% in the 1st quarter, Holdings Channel reports. The firm owned 295,795 shares of the industrial products company’s stock after buying an additional 110,299 shares during the period. American Century Companies Inc.’s holdings in Mine Safety Appliances were worth $24,622,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Mine Safety Appliances by 44.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,253 shares of the industrial products company’s stock worth $175,000 after purchasing an additional 693 shares during the last quarter. ING Groep NV lifted its stake in Mine Safety Appliances by 22.7% during the fourth quarter. ING Groep NV now owns 5,107 shares of the industrial products company’s stock worth $396,000 after purchasing an additional 945 shares during the last quarter. Advisor Group Inc. lifted its stake in Mine Safety Appliances by 142.6% during the fourth quarter. Advisor Group Inc. now owns 1,647 shares of the industrial products company’s stock worth $128,000 after purchasing an additional 968 shares during the last quarter. Meadow Creek Investment Management LLC lifted its stake in Mine Safety Appliances by 30.6% during the fourth quarter. Meadow Creek Investment Management LLC now owns 4,424 shares of the industrial products company’s stock worth $343,000 after purchasing an additional 1,036 shares during the last quarter. Finally, Itau Unibanco Holding S.A. lifted its stake in Mine Safety Appliances by 99.3% during the fourth quarter. Itau Unibanco Holding S.A. now owns 2,200 shares of the industrial products company’s stock worth $171,000 after purchasing an additional 1,096 shares during the last quarter. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Several equities research analysts have weighed in on MSA shares. TheStreet cut Mine Safety Appliances from an “a-” rating to a “c+” rating in a research note on Tuesday, February 20th. Stifel Nicolaus upped their target price on Mine Safety Appliances from $91.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, April 25th. Robert W. Baird upgraded Mine Safety Appliances from a “neutral” rating to an “outperform” rating and set a $89.00 target price for the company in a research note on Thursday, February 22nd. Barrington Research restated a “hold” rating on shares of Mine Safety Appliances in a research note on Friday, April 27th. Finally, Zacks Investment Research upgraded Mine Safety Appliances from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a research note on Saturday, February 24th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $97.33.

Shares of Mine Safety Appliances opened at $90.12 on Thursday, Marketbeat.com reports. The firm has a market cap of $3.45 billion, a PE ratio of 23.38 and a beta of 1.46. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.31 and a quick ratio of 1.69. Mine Safety Appliances has a 52-week low of $89.56 and a 52-week high of $90.00.

Mine Safety Appliances (NYSE:MSA) last announced its quarterly earnings results on Monday, April 23rd. The industrial products company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.17. The company had revenue of $326.00 million during the quarter, compared to the consensus estimate of $310.86 million. Mine Safety Appliances had a net margin of 3.50% and a return on equity of 26.05%. The company’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.58 earnings per share. sell-side analysts anticipate that Mine Safety Appliances will post 4.51 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 10th. Stockholders of record on Monday, May 21st will be issued a dividend of $0.38 per share. The ex-dividend date is Friday, May 18th. This is an increase from Mine Safety Appliances’s previous quarterly dividend of $0.35. This represents a $1.52 annualized dividend and a dividend yield of 1.69%. Mine Safety Appliances’s dividend payout ratio is 36.18%.

In other news, CFO Kenneth D. Krause sold 1,250 shares of the company’s stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $84.50, for a total transaction of $105,625.00. Following the completion of the transaction, the chief financial officer now directly owns 22,235 shares in the company, valued at $1,878,857.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Diane M. Pearse sold 1,206 shares of the company’s stock in a transaction on Monday, May 7th. The stock was sold at an average price of $87.54, for a total transaction of $105,573.24. Following the transaction, the director now owns 25,593 shares of the company’s stock, valued at $2,240,411.22. The disclosure for this sale can be found here. Insiders have sold 24,910 shares of company stock valued at $2,134,219 over the last quarter. Company insiders own 9.90% of the company’s stock.

Mine Safety Appliances Company Profile

MSA Safety Incorporated develops, manufactures, and supplies safety products that protect people and facility infrastructures in the oil, gas, petrochemical, fire service, construction, utilities, and mining industries worldwide. It operates through Americas and International segments. The company's core product offerings include permanently installed fixed gas and flame detection instruments, such as permanently installed gas detection monitoring systems, and flame detectors and open-path infrared gas detectors, as well as replacement components and related services to detect the presence or absence of various gases in the air.

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Institutional Ownership by Quarter for Mine Safety Appliances (NYSE:MSA)

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