Copeland Capital Management LLC Cuts Stock Position in MSA Safety Incorporporated $MSA

Copeland Capital Management LLC trimmed its holdings in shares of MSA Safety Incorporporated (NYSE:MSA) by 5.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 189,703 shares of the industrial products company’s stock after selling 10,829 shares during the quarter. Copeland Capital Management LLC owned 0.48% of MSA Safety Incorporporated worth $32,642,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in MSA. Bayforest Capital Ltd boosted its holdings in shares of MSA Safety Incorporporated by 3,400.0% in the 1st quarter. Bayforest Capital Ltd now owns 175 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 170 shares during the last quarter. Penserra Capital Management LLC acquired a new stake in MSA Safety Incorporporated during the second quarter worth about $33,000. EverSource Wealth Advisors LLC raised its position in MSA Safety Incorporporated by 94.1% during the second quarter. EverSource Wealth Advisors LLC now owns 198 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 96 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in MSA Safety Incorporporated by 397.7% in the second quarter. Steward Partners Investment Advisory LLC now owns 219 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 175 shares during the period. Finally, Parallel Advisors LLC increased its holdings in MSA Safety Incorporporated by 115.4% in the second quarter. Parallel Advisors LLC now owns 293 shares of the industrial products company’s stock valued at $49,000 after buying an additional 157 shares in the last quarter. Hedge funds and other institutional investors own 92.51% of the company’s stock.

Wall Street Analyst Weigh In

MSA has been the topic of a number of research analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of MSA Safety Incorporporated in a research note on Monday, December 22nd. Wall Street Zen downgraded MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $186.50.

MSA Safety Incorporporated Stock Down 0.1%

Shares of NYSE MSA opened at $163.62 on Tuesday. The company has a quick ratio of 1.86, a current ratio of 3.08 and a debt-to-equity ratio of 0.48. The stock has a market cap of $6.41 billion, a PE ratio of 23.08 and a beta of 0.96. The business has a 50-day moving average price of $160.72 and a 200 day moving average price of $167.78. MSA Safety Incorporporated has a 52-week low of $127.86 and a 52-week high of $182.85.

MSA Safety Incorporporated (NYSE:MSA) last posted its quarterly earnings data on Tuesday, October 28th. The industrial products company reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.04. The company had revenue of $468.45 million for the quarter, compared to analyst estimates of $461.37 million. MSA Safety Incorporporated had a net margin of 15.02% and a return on equity of 25.24%. MSA Safety Incorporporated’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.83 earnings per share. Equities research analysts forecast that MSA Safety Incorporporated will post 8.06 earnings per share for the current year.

MSA Safety Incorporporated Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th were issued a dividend of $0.5625 per share. This is an increase from MSA Safety Incorporporated’s previous quarterly dividend of $0.53. The ex-dividend date was Friday, November 14th. This represents a $2.25 annualized dividend and a yield of 1.4%. MSA Safety Incorporporated’s payout ratio is 29.90%.

Insiders Place Their Bets

In other news, CAO Jonathan D. Buck sold 333 shares of the company’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $161.00, for a total value of $53,613.00. Following the sale, the chief accounting officer directly owned 4,434 shares in the company, valued at $713,874. This represents a 6.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.70% of the company’s stock.

MSA Safety Incorporporated Company Profile

MSA Safety Incorporated develops, manufactures and supplies a wide range of safety products designed to protect workers in hazardous environments. The company’s offerings span personal protective equipment such as industrial helmets, face shields, protective clothing and fall protection devices, as well as fixed and portable gas detection and monitoring systems. MSA’s products are used in industries including oil and gas, mining, construction, fire service, and chemical processing to guard against risks such as gas leaks, impacts, flame exposure and falls from height.

Key product lines include self-contained breathing apparatus (SCBA) and air-purifying respirators, gas detectors and sensors, head and face protection, and fall arrest systems.