Texas Permanent School Fund boosted its position in MSA Safety Incorporporated (NYSE:MSA) by 1.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,991 shares of the industrial products company’s stock after buying an additional 300 shares during the period. Texas Permanent School Fund’s holdings in MSA Safety Incorporporated were worth $1,866,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Baystate Wealth Management LLC bought a new stake in MSA Safety Incorporporated during the first quarter valued at $426,000. Sit Investment Associates Inc. increased its stake in MSA Safety Incorporporated by 18.3% in the first quarter. Sit Investment Associates Inc. now owns 14,875 shares of the industrial products company’s stock valued at $1,052,000 after buying an additional 2,300 shares during the last quarter. ProShare Advisors LLC increased its stake in MSA Safety Incorporporated by 17.3% in the first quarter. ProShare Advisors LLC now owns 244,887 shares of the industrial products company’s stock valued at $17,311,000 after buying an additional 36,176 shares during the last quarter. First Manhattan Co. increased its stake in MSA Safety Incorporporated by 0.5% in the first quarter. First Manhattan Co. now owns 102,184 shares of the industrial products company’s stock valued at $5,930,000 after buying an additional 550 shares during the last quarter. Finally, Nationwide Fund Advisors increased its stake in MSA Safety Incorporporated by 202.1% in the first quarter. Nationwide Fund Advisors now owns 214,810 shares of the industrial products company’s stock valued at $15,185,000 after buying an additional 143,714 shares during the last quarter. Hedge funds and other institutional investors own 64.29% of the company’s stock.

Shares of MSA Safety Incorporporated (MSA) opened at 66.16 on Friday. The firm’s 50-day moving average price is $77.99 and its 200 day moving average price is $74.99. MSA Safety Incorporporated has a 52 week low of $53.10 and a 52 week high of $84.86. The stock has a market capitalization of $2.52 billion, a P/E ratio of 33.33 and a beta of 1.62.

MSA Safety Incorporporated (NYSE:MSA) last released 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 return on equity of 19.64% and a net margin of 6.74%. The firm had revenue of $288.78 million during the quarter, compared to analysts’ expectations of $302.94 million. During the same period in the prior year, the firm posted $0.79 earnings per share. MSA Safety Incorporporated’s revenue for the quarter was down 2.4% compared to the same quarter last year. Analysts expect that MSA Safety Incorporporated will post $3.16 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Sunday, September 10th. Shareholders of record on Wednesday, August 16th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.12%. The ex-dividend date is Monday, August 14th. MSA Safety Incorporporated’s dividend payout ratio is currently 71.07%.

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MSA has been the topic of several recent research reports. Stifel Nicolaus upped their price target on MSA Safety Incorporporated from $81.00 to $91.00 and gave the stock a “buy” rating in a research note on Monday, May 22nd. Zacks Investment Research upgraded MSA Safety Incorporporated from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a research note on Tuesday, May 2nd. BidaskClub downgraded MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd. Robert W. Baird upped their price target 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. Finally, Barrington Research upped their price target on MSA Safety Incorporporated from $78.00 to $88.00 and gave the stock an “outperform” rating in a research note on Thursday, April 27th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target 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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Institutional Ownership by Quarter for MSA Safety Incorporporated (NYSE:MSA)

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