MSA Safety Incorporporated (MSA) Shares Bought by Jennison Associates LLC
Jennison Associates LLC boosted its stake in MSA Safety Incorporporated (NYSE:MSA) by 0.3% during the second quarter, according to its most recent filing with the SEC. The fund owned 8,538 shares of the industrial products company’s stock after buying an additional 26 shares during the period. Jennison Associates LLC’s holdings in MSA Safety Incorporporated were worth $693,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of MSA Safety Incorporporated by 71.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,436 shares of the industrial products company’s stock valued at $102,000 after buying an additional 597 shares during the period. LS Investment Advisors LLC boosted its position in shares of MSA Safety Incorporporated by 16.8% in the second quarter. LS Investment Advisors LLC now owns 2,480 shares of the industrial products company’s stock valued at $201,000 after buying an additional 357 shares during the period. Park National Corp OH purchased a new position in shares of MSA Safety Incorporporated during the second quarter valued at about $205,000. Janney Montgomery Scott LLC purchased a new position in shares of MSA Safety Incorporporated during the second quarter valued at about $216,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of MSA Safety Incorporporated during the second quarter valued at about $219,000. Hedge funds and other institutional investors own 68.24% of the company’s stock.
MSA Safety Incorporporated (NYSE MSA) opened at 71.39 on Thursday. MSA Safety Incorporporated has a 52 week low of $53.10 and a 52 week high of $84.86. The company’s 50-day moving average price is $74.97 and its 200 day moving average price is $74.84. The company has a market capitalization of $2.73 billion, a PE ratio of 35.96 and a beta of 1.62.
MSA Safety Incorporporated (NYSE:MSA) last issued its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by $0.02. MSA Safety Incorporporated had a net margin of 6.74% and a return on equity of 19.64%. The business had revenue of $288.78 million during the quarter, compared to the consensus estimate of $302.94 million. During the same quarter in the previous year, the business posted $0.79 EPS. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. On average, equities research analysts anticipate that MSA Safety Incorporporated will post $3.17 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 10th. Stockholders of record on Wednesday, August 16th will be paid a $0.35 dividend. The ex-dividend date is Monday, August 14th. This represents a $1.40 annualized dividend and a dividend yield of 1.96%. MSA Safety Incorporporated’s payout ratio is 71.07%.
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Several brokerages recently issued reports on MSA. Zacks Investment Research cut MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Stifel Nicolaus restated a “buy” rating and set a $91.00 price objective on shares of MSA Safety Incorporporated in a research note on Friday, August 4th. BidaskClub cut MSA Safety Incorporporated from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Finally, Robert W. Baird raised their price objective on MSA Safety Incorporporated from $82.00 to $84.00 and gave the stock an “outperform” rating in a research note on Friday, June 30th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $87.50.
About MSA Safety Incorporporated
Mine Safety Appliances Company is engaged in the development, manufacture and supply of products that protect people’s health and safety. The Company’s line of safety products is used by workers worldwide in the fire service, homeland security, oil and gas, construction and other industries, as well as the military.
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