Wellington Management Group LLP Sells 238 Shares of MSA Safety Incorporporated $MSA

Wellington Management Group LLP reduced its stake in MSA Safety Incorporporated (NYSE:MSA) by 5.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,113 shares of the industrial products company’s stock after selling 238 shares during the quarter. Wellington Management Group LLP’s holdings in MSA Safety Incorporporated were worth $603,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brown Lisle Cummings Inc. lifted its stake in shares of MSA Safety Incorporporated by 57.1% in the first quarter. Brown Lisle Cummings Inc. now owns 4,881 shares of the industrial products company’s stock worth $716,000 after acquiring an additional 1,775 shares during the period. GAMMA Investing LLC lifted its stake in shares of MSA Safety Incorporporated by 39.4% in the first quarter. GAMMA Investing LLC now owns 269 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 76 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in shares of MSA Safety Incorporporated by 2.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 29,074 shares of the industrial products company’s stock worth $4,265,000 after acquiring an additional 563 shares during the period. SG Americas Securities LLC acquired a new position in shares of MSA Safety Incorporporated in the first quarter worth approximately $1,273,000. Finally, Envestnet Asset Management Inc. lifted its stake in shares of MSA Safety Incorporporated by 13.2% in the first quarter. Envestnet Asset Management Inc. now owns 82,418 shares of the industrial products company’s stock worth $12,090,000 after acquiring an additional 9,593 shares during the period. 92.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on MSA shares. Stifel Nicolaus started coverage on MSA Safety Incorporporated in a research note on Wednesday, July 16th. They issued a “hold” rating and a $182.00 price objective on the stock. DA Davidson lifted their price objective on MSA Safety Incorporporated from $183.00 to $203.00 and gave the stock a “buy” rating in a research note on Tuesday, July 22nd. Robert W. Baird set a $166.00 price target on MSA Safety Incorporporated in a research note on Monday, May 5th. Finally, Wall Street Zen raised MSA Safety Incorporporated from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $189.20.

MSA Safety Incorporporated Price Performance

Shares of MSA opened at $170.50 on Tuesday. MSA Safety Incorporporated has a 52-week low of $127.86 and a 52-week high of $187.41. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.90 and a current ratio of 3.11. The business’s 50 day moving average price is $173.54 and its two-hundred day moving average price is $161.52. The firm has a market cap of $6.67 billion, a PE ratio of 24.32 and a beta of 0.96.

MSA Safety Incorporporated (NYSE:MSA) last issued its quarterly earnings results on Monday, August 4th. The industrial products company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.17. The firm had revenue of $474.12 million for the quarter, compared to analyst estimates of $446.46 million. MSA Safety Incorporporated had a return on equity of 26.03% and a net margin of 15.15%.The company’s revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.01 earnings per share. On average, equities analysts anticipate that MSA Safety Incorporporated will post 8.06 EPS for the current year.

MSA Safety Incorporporated Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.53 per share. The ex-dividend date is Friday, August 15th. This represents a $2.12 annualized dividend and a dividend yield of 1.2%. MSA Safety Incorporporated’s payout ratio is currently 30.24%.

MSA Safety Incorporporated Profile

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.