Redmond Asset Management LLC Acquires Shares of 2,185 MSA Safety Incorporated (NYSE:MSA)

Redmond Asset Management LLC acquired a new stake in MSA Safety Incorporated (NYSE:MSA) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,185 shares of the industrial products company’s stock, valued at approximately $362,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MSA. ORG Partners LLC bought a new position in shares of MSA Safety during the fourth quarter worth about $1,131,000. Great Valley Advisor Group Inc. increased its stake in shares of MSA Safety by 67.6% in the third quarter. Great Valley Advisor Group Inc. now owns 23,385 shares of the industrial products company’s stock valued at $4,147,000 after purchasing an additional 9,433 shares during the period. Barclays PLC increased its stake in shares of MSA Safety by 62.0% in the third quarter. Barclays PLC now owns 16,688 shares of the industrial products company’s stock valued at $2,959,000 after purchasing an additional 6,384 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of MSA Safety by 27.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 124,041 shares of the industrial products company’s stock valued at $20,468,000 after acquiring an additional 26,470 shares during the period. Finally, Milestone Asset Management LLC acquired a new position in shares of MSA Safety during the fourth quarter valued at approximately $759,000. 92.51% of the stock is owned by hedge funds and other institutional investors.

MSA Safety Trading Down 0.4 %

Shares of NYSE:MSA opened at $158.30 on Friday. The company has a 50 day moving average price of $164.06 and a 200 day moving average price of $170.81. MSA Safety Incorporated has a 1-year low of $153.79 and a 1-year high of $200.60. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.76 and a current ratio of 2.79. The stock has a market capitalization of $6.21 billion, a price-to-earnings ratio of 21.96 and a beta of 1.00.

MSA Safety (NYSE:MSA) last posted its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $2.23 by $0.02. MSA Safety had a net margin of 15.76% and a return on equity of 28.64%. On average, research analysts anticipate that MSA Safety Incorporated will post 8.06 EPS for the current fiscal year.

MSA Safety Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be given a $0.51 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.04 dividend on an annualized basis and a yield of 1.29%. MSA Safety’s payout ratio is 28.29%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Robert W. Baird lowered their price objective on shares of MSA Safety from $190.00 to $175.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 18th. Jefferies Financial Group initiated coverage on shares of MSA Safety in a report on Thursday, December 12th. They set a “hold” rating and a $200.00 target price for the company. B. Riley initiated coverage on shares of MSA Safety in a report on Tuesday, November 5th. They set a “buy” rating and a $200.00 target price for the company. Finally, DA Davidson initiated coverage on shares of MSA Safety in a report on Thursday, December 19th. They set a “buy” rating and a $195.00 target price for the company. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $197.00.

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.