Channing Capital Management LLC Lowers Stock Holdings in MSA Safety Incorporporated $MSA

Channing Capital Management LLC lessened its stake in shares of MSA Safety Incorporporated (NYSE:MSA) by 1.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 510,365 shares of the industrial products company’s stock after selling 6,094 shares during the quarter. MSA Safety Incorporporated comprises approximately 2.3% of Channing Capital Management LLC’s portfolio, making the stock its 11th biggest position. Channing Capital Management LLC owned about 1.30% of MSA Safety Incorporporated worth $87,819,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of MSA. First Horizon Corp acquired a new position in MSA Safety Incorporporated in the 3rd quarter valued at $30,000. Penserra Capital Management LLC purchased a new stake in shares of MSA Safety Incorporporated in the second quarter valued at about $33,000. EverSource Wealth Advisors LLC increased its stake in shares of 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 worth $33,000 after acquiring an additional 96 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in MSA Safety Incorporporated by 397.7% during the second quarter. Steward Partners Investment Advisory LLC now owns 219 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 175 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in MSA Safety Incorporporated by 34.8% during the second quarter. Allworth Financial LP now owns 298 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 77 shares in the last quarter. 92.51% of the stock is owned by institutional investors and hedge funds.

Insider Activity at MSA Safety Incorporporated

In other news, CAO Jonathan D. Buck sold 1,100 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $203.48, for a total transaction of $223,828.00. Following the completion of the transaction, the chief accounting officer directly owned 3,234 shares of the company’s stock, valued at $658,054.32. This trade represents a 25.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. started coverage on MSA Safety Incorporporated in a report on Tuesday, February 3rd. They issued a “neutral” rating and a $200.00 price objective on the stock. DA Davidson upped their price objective on MSA Safety Incorporporated from $186.00 to $235.00 and gave the stock a “buy” rating in a report on Wednesday. Weiss Ratings upgraded MSA Safety Incorporporated from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 26th. Wall Street Zen downgraded MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of MSA Safety Incorporporated in a research note on Thursday, February 12th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $202.17.

MSA Safety Incorporporated Stock Performance

Shares of MSA stock opened at $197.02 on Friday. The stock has a fifty day moving average price of $178.00 and a 200 day moving average price of $170.60. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.82 and a current ratio of 3.01. The stock has a market cap of $7.64 billion, a PE ratio of 27.83 and a beta of 0.98. MSA Safety Incorporporated has a 1 year low of $127.86 and a 1 year high of $208.92.

MSA Safety Incorporporated (NYSE:MSA) last announced its quarterly earnings results on Wednesday, February 11th. The industrial products company reported $2.38 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.12. MSA Safety Incorporporated had a return on equity of 24.48% and a net margin of 14.88%.The business had revenue of $510.91 million during the quarter, compared to analysts’ expectations of $508.62 million. During the same quarter last year, the business posted $2.25 earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. Sell-side analysts forecast that MSA Safety Incorporporated will post 8.06 earnings per share for the current fiscal year.

MSA Safety Incorporporated Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Friday, February 13th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, February 13th. MSA Safety Incorporporated’s dividend payout ratio is 29.94%.

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.