Personal CFO Solutions LLC Invests $251,000 in MSA Safety Incorporporated $MSA

Personal CFO Solutions LLC bought a new position in MSA Safety Incorporporated (NYSE:MSA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,499 shares of the industrial products company’s stock, valued at approximately $251,000.

Other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP increased its stake in MSA Safety Incorporporated by 34.8% in the 2nd quarter. Allworth Financial LP now owns 298 shares of the industrial products company’s stock worth $50,000 after acquiring an additional 77 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of MSA Safety Incorporporated by 0.8% in the second quarter. Public Employees Retirement System of Ohio now owns 11,765 shares of the industrial products company’s stock valued at $1,971,000 after purchasing an additional 99 shares in the last quarter. Louisiana State Employees Retirement System increased its position in MSA Safety Incorporporated by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the industrial products company’s stock worth $1,860,000 after purchasing an additional 100 shares during the last quarter. State of Michigan Retirement System raised its stake in MSA Safety Incorporporated by 1.1% during the second quarter. State of Michigan Retirement System now owns 9,455 shares of the industrial products company’s stock valued at $1,584,000 after purchasing an additional 100 shares in the last quarter. Finally, Covestor Ltd lifted its position in MSA Safety Incorporporated by 11.6% during the first quarter. Covestor Ltd now owns 970 shares of the industrial products company’s stock valued at $142,000 after purchasing an additional 101 shares during the last quarter. Hedge funds and other institutional investors own 92.51% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MSA. Wall Street Zen downgraded shares of MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings reiterated a “buy (b-)” rating on shares of MSA Safety Incorporporated in a research report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $189.20.

MSA Safety Incorporporated Trading Up 1.7%

Shares of MSA opened at $155.55 on Friday. The company’s fifty day simple moving average is $165.46 and its 200-day simple moving average is $167.77. The company has a market cap of $6.09 billion, a P/E ratio of 21.94 and a beta of 0.99. The company has a current ratio of 3.08, a quick ratio of 1.90 and a debt-to-equity ratio of 0.48. MSA Safety Incorporporated has a twelve month low of $127.86 and a twelve month high of $182.85.

MSA Safety Incorporporated (NYSE:MSA) last released its quarterly earnings results on Tuesday, October 28th. The industrial products company reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.04. The firm had revenue of $468.45 million during the quarter, compared to analysts’ expectations of $461.37 million. MSA Safety Incorporporated had a net margin of 15.02% and a return on equity of 25.23%. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.83 EPS. As a group, analysts expect that MSA Safety Incorporporated will post 8.06 EPS for the current year.

MSA Safety Incorporporated Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be paid a dividend of $0.5625 per share. This is a positive change from MSA Safety Incorporporated’s previous quarterly dividend of $0.53. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, November 14th. MSA Safety Incorporporated’s payout ratio is currently 29.90%.

Insider Buying and Selling at MSA Safety Incorporporated

In other news, President Stephanie L. Sciullo sold 2,361 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $169.51, for a total value of $400,213.11. Following the sale, the president directly owned 9,083 shares in the company, valued at approximately $1,539,659.33. This represents a 20.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.70% of the company’s stock.

About MSA Safety Incorporporated

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.