Municipal Employees Retirement System of Michigan decreased its stake in MSA Safety Incorporporated (NYSE:MSA) by 15.9% during the second quarter, Holdings Channel reports. The institutional investor owned 12,160 shares of the industrial products company’s stock after selling 2,300 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in MSA Safety Incorporporated were worth $987,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of MSA. Capstone Asset Management Co. boosted its position in MSA Safety Incorporporated by 0.7% in the second quarter. Capstone Asset Management Co. now owns 2,863 shares of the industrial products company’s stock valued at $232,000 after buying an additional 20 shares in the last quarter. Northwestern Mutual Investment Management Company LLC boosted its stake in MSA Safety Incorporporated by 0.4% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 5,401 shares of the industrial products company’s stock worth $382,000 after buying an additional 24 shares during the period. Bank of Montreal Can boosted its stake in MSA Safety Incorporporated by 2.0% in the second quarter. Bank of Montreal Can now owns 2,908 shares of the industrial products company’s stock worth $236,000 after buying an additional 58 shares during the period. Advantus Capital Management Inc boosted its stake in MSA Safety Incorporporated by 3.5% in the first quarter. Advantus Capital Management Inc now owns 4,012 shares of the industrial products company’s stock worth $284,000 after buying an additional 135 shares during the period. Finally, Baystate Wealth Management LLC boosted its stake in MSA Safety Incorporporated by 2.3% in the second quarter. Baystate Wealth Management LLC now owns 6,401 shares of the industrial products company’s stock worth $511,000 after buying an additional 141 shares during the period. 64.29% of the stock is currently owned by hedge funds and other institutional investors.

MSA Safety Incorporporated (NYSE:MSA) opened at 66.16 on Friday. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of 33.33 and a beta of 1.62. The company has a 50-day moving average of $77.99 and a 200-day moving average of $74.99. MSA Safety Incorporporated has a 1-year low of $53.10 and a 1-year high of $84.86.

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 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 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 earnings per share. The firm’s revenue was down 2.4% on a year-over-year basis. Analysts anticipate that MSA Safety Incorporporated will post $3.16 earnings per share for the current fiscal year.

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

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A number of research firms recently commented on MSA. Zacks Investment Research cut shares of MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a report on Wednesday. Stifel Nicolaus reaffirmed a “buy” rating and issued a $91.00 price target on shares of MSA Safety Incorporporated in a report on Friday, August 4th. Barrington Research lifted their price target on shares of MSA Safety Incorporporated from $78.00 to $88.00 and gave the stock an “outperform” rating in a report on Thursday, April 27th. BidaskClub cut shares of MSA Safety Incorporporated from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Finally, Robert W. Baird lifted their price target on shares of MSA Safety Incorporporated from $82.00 to $84.00 and gave the stock an “outperform” rating in a report on Friday, June 30th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. MSA Safety Incorporporated presently has an average rating of “Hold” and a consensus price target of $87.50.

MSA Safety Incorporporated Company Profile

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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