Charles Schwab Investment Management Inc. Purchases 26,835 Shares of MSA Safety Incorporated (NYSE:MSA)

Charles Schwab Investment Management Inc. boosted its position in MSA Safety Incorporated (NYSE:MSA) by 6.9% in the third quarter, Holdings Channel.com reports. The firm owned 418,237 shares of the industrial products company’s stock after buying an additional 26,835 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in MSA Safety were worth $74,170,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. B. Riley Wealth Advisors Inc. grew its stake in shares of MSA Safety by 6.9% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 4,140 shares of the industrial products company’s stock worth $801,000 after buying an additional 266 shares during the last quarter. Tidal Investments LLC increased its holdings in shares of MSA Safety by 45.1% during the first quarter. Tidal Investments LLC now owns 4,974 shares of the industrial products company’s stock valued at $963,000 after acquiring an additional 1,546 shares in the last quarter. Comerica Bank increased its holdings in shares of MSA Safety by 23.7% during the first quarter. Comerica Bank now owns 25,203 shares of the industrial products company’s stock valued at $4,879,000 after acquiring an additional 4,823 shares in the last quarter. Virtu Financial LLC boosted its stake in MSA Safety by 19.7% in the 1st quarter. Virtu Financial LLC now owns 2,066 shares of the industrial products company’s stock worth $400,000 after purchasing an additional 340 shares in the last quarter. Finally, Cetera Investment Advisers purchased a new stake in MSA Safety during the 1st quarter valued at about $1,758,000. Institutional investors own 92.51% of the company’s stock.

MSA Safety Trading Down 0.3 %

MSA Safety stock opened at $174.32 on Friday. MSA Safety Incorporated has a one year low of $160.02 and a one year high of $200.60. The business’s fifty day moving average is $172.48 and its 200 day moving average is $179.14. The stock has a market capitalization of $6.85 billion, a PE ratio of 25.19 and a beta of 0.99. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.68 and a quick ratio of 1.56.

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

MSA Safety Announces Dividend

The business 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 of this dividend is Friday, November 15th. This represents a $2.04 dividend on an annualized basis and a yield of 1.17%. MSA Safety’s dividend payout ratio is currently 29.48%.

Analyst Upgrades and Downgrades

Separately, B. Riley assumed coverage on shares of MSA Safety in a report on Tuesday, November 5th. They issued a “buy” rating and a $200.00 target price for the company.

MSA Safety Company 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.