Rodgers Brothers Inc. grew its stake in MSA Safety Incorporporated (NYSE:MSA) by 7.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,360 shares of the industrial products company’s stock after buying an additional 2,425 shares during the period. Rodgers Brothers Inc. owned approximately 0.09% of MSA Safety Incorporporated worth $2,811,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Riverhead Capital Management LLC increased its stake in shares of MSA Safety Incorporporated by 58.1% in the second quarter. Riverhead Capital Management LLC now owns 1,265 shares of the industrial products company’s stock worth $103,000 after purchasing an additional 465 shares during the period. Citigroup Inc. grew its stake in shares of MSA Safety Incorporporated by 18.3% in the 2nd quarter. Citigroup Inc. now owns 1,401 shares of the industrial products company’s stock valued at $114,000 after purchasing an additional 217 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of MSA Safety Incorporporated by 8.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,560 shares of the industrial products company’s stock valued at $127,000 after purchasing an additional 124 shares during the period. Royal Bank of Canada grew its stake in shares of MSA Safety Incorporporated by 3.3% in the 2nd quarter. Royal Bank of Canada now owns 1,643 shares of the industrial products company’s stock valued at $133,000 after purchasing an additional 53 shares during the period. Finally, Pacad Investment Ltd. grew its stake in shares of MSA Safety Incorporporated by 27.8% in the 2nd quarter. Pacad Investment Ltd. now owns 2,300 shares of the industrial products company’s stock valued at $187,000 after purchasing an additional 500 shares during the period. 67.37% of the stock is owned by institutional investors.

MSA Safety Incorporporated (NYSE MSA) traded up $0.43 during trading hours on Wednesday, reaching $80.22. The company’s stock had a trading volume of 138,300 shares, compared to its average volume of 211,751. MSA Safety Incorporporated has a 12-month low of $61.75 and a 12-month high of $85.80. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.52 and a current ratio of 2.11. The firm has a market cap of $3,034.57, a P/E ratio of 25.49 and a beta of 1.68.

MSA Safety Incorporporated (NYSE:MSA) last posted its quarterly earnings data on Thursday, October 19th. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.13. MSA Safety Incorporporated had a return on equity of 20.56% and a net margin of 7.32%. The firm had revenue of $296.13 million for the quarter, compared to the consensus estimate of $298.47 million. During the same quarter in the prior year, the business earned $0.72 EPS. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. analysts forecast that MSA Safety Incorporporated will post 3.31 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 10th. Shareholders of record on Tuesday, November 14th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend is Monday, November 13th. MSA Safety Incorporporated’s dividend payout ratio is 64.52%.

In other news, VP Markus H. Weber sold 2,300 shares of the stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $71.08, for a total value of $163,484.00. Following the transaction, the vice president now owns 13,801 shares of the company’s stock, valued at approximately $980,975.08. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John T. Ryan III sold 32,100 shares of the stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $71.43, for a total value of $2,292,903.00. Following the completion of the transaction, the director now directly owns 1,025,013 shares in the company, valued at approximately $73,216,678.59. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 118,303 shares of company stock worth $9,114,658. Company insiders own 11.47% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Rodgers Brothers Inc. Has $2.81 Million Holdings in MSA Safety Incorporporated (MSA)” was originally published by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of international copyright legislation. The original version of this piece can be accessed at https://www.watchlistnews.com/rodgers-brothers-inc-has-2-81-million-holdings-in-msa-safety-incorporporated-msa/1720024.html.

Several equities research analysts have recently weighed in on MSA shares. Zacks Investment Research upgraded MSA Safety Incorporporated from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a research note on Thursday, November 9th. Barrington Research reiterated a “market perform” rating on shares of MSA Safety Incorporporated in a research note on Monday, October 23rd. Robert W. Baird lowered MSA Safety Incorporporated from an “outperform” rating to a “neutral” rating and set a $80.00 price objective on the stock. in a research note on Tuesday, October 3rd. BidaskClub lowered MSA Safety Incorporporated from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $91.00 price objective on shares of MSA Safety Incorporporated in a research note on Friday, August 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. MSA Safety Incorporporated has a consensus rating of “Hold” and an average target price of $89.00.

MSA Safety Incorporporated 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.

Institutional Ownership by Quarter for MSA Safety Incorporporated (NYSE:MSA)

Receive News & Ratings for MSA Safety Incorporporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MSA Safety Incorporporated and related companies with Analyst Ratings Network's FREE daily email newsletter.