Thematics Asset Management Has $25.36 Million Stock Holdings in MSA Safety Incorporated (NYSE:MSA)

Thematics Asset Management reduced its holdings in MSA Safety Incorporated (NYSE:MSA) by 3.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 143,000 shares of the industrial products company’s stock after selling 5,500 shares during the quarter. Thematics Asset Management’s holdings in MSA Safety were worth $25,360,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Advisors Asset Management Inc. grew its position in shares of MSA Safety by 16.9% in the 1st quarter. Advisors Asset Management Inc. now owns 6,476 shares of the industrial products company’s stock valued at $1,254,000 after buying an additional 936 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in MSA Safety by 12.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 718,969 shares of the industrial products company’s stock valued at $139,186,000 after purchasing an additional 77,960 shares during the period. Kennedy Capital Management LLC lifted its position in shares of MSA Safety by 5.9% in the 1st quarter. Kennedy Capital Management LLC now owns 18,308 shares of the industrial products company’s stock worth $3,544,000 after purchasing an additional 1,014 shares during the period. Janus Henderson Group PLC boosted its stake in shares of MSA Safety by 1,601.5% in the 1st quarter. Janus Henderson Group PLC now owns 312,222 shares of the industrial products company’s stock valued at $60,443,000 after purchasing an additional 293,872 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its holdings in MSA Safety by 6.9% in the first quarter. B. Riley Wealth Advisors Inc. now owns 4,140 shares of the industrial products company’s stock valued at $801,000 after buying an additional 266 shares during the period. Institutional investors and hedge funds own 92.51% of the company’s stock.

Wall Street Analyst Weigh In

Separately, B. Riley started coverage on MSA Safety in a research note on Tuesday, November 5th. They issued a “buy” rating and a $200.00 price objective on the stock.

MSA Safety Stock Down 0.9 %

Shares of MSA traded down $1.63 during trading hours on Tuesday, hitting $174.58. The stock had a trading volume of 7,643 shares, compared to its average volume of 154,466. The firm has a 50 day simple moving average of $172.98 and a 200-day simple moving average of $179.31. MSA Safety Incorporated has a 1-year low of $160.02 and a 1-year high of $200.60. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.68 and a quick ratio of 1.56. The firm has a market capitalization of $6.86 billion, a P/E ratio of 25.46 and a beta of 0.99.

MSA Safety (NYSE:MSA) last released its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.78 by $0.05. MSA Safety had a return on equity of 29.14% and a net margin of 15.16%. The firm had revenue of $432.68 million during the quarter, compared to the consensus estimate of $449.95 million. During the same quarter in the previous year, the company posted $1.78 earnings per share. The company’s quarterly revenue was down 3.1% on a year-over-year basis. Sell-side analysts predict that MSA Safety Incorporated will post 7.64 EPS for the current fiscal year.

MSA Safety Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be issued a $0.51 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.17%. MSA Safety’s dividend payout ratio is presently 29.48%.

MSA Safety 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.