Northwestern Mutual Investment Management Company LLC Reduces Stock Holdings in MSA Safety Inc (NYSE:MSA)

Northwestern Mutual Investment Management Company LLC trimmed its position in shares of MSA Safety Inc (NYSE:MSA) by 5.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,238 shares of the industrial products company’s stock after selling 379 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in MSA Safety were worth $645,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Louisiana State Employees Retirement System boosted its stake in MSA Safety by 1.1% during the 1st quarter. Louisiana State Employees Retirement System now owns 9,400 shares of the industrial products company’s stock worth $972,000 after purchasing an additional 100 shares during the last quarter. Arizona State Retirement System boosted its stake in MSA Safety by 1.2% during the 4th quarter. Arizona State Retirement System now owns 25,123 shares of the industrial products company’s stock worth $2,368,000 after purchasing an additional 288 shares during the last quarter. Ffcm LLC boosted its position in shares of MSA Safety by 329.5% during the 4th quarter. Ffcm LLC now owns 378 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 290 shares during the last quarter. Icon Wealth Partners LLC acquired a new position in shares of MSA Safety during the 1st quarter valued at about $30,000. Finally, Quantamental Technologies LLC acquired a new position in shares of MSA Safety during the 4th quarter valued at about $28,000. 74.15% of the stock is owned by hedge funds and other institutional investors.

MSA traded down $0.16 on Monday, hitting $105.23. The company had a trading volume of 154,100 shares, compared to its average volume of 177,999. The stock has a market cap of $4.08 billion, a price-to-earnings ratio of 23.38 and a beta of 1.29. MSA Safety Inc has a 1 year low of $86.72 and a 1 year high of $113.06. The stock’s fifty day simple moving average is $103.05. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.88 and a current ratio of 2.53.

MSA Safety (NYSE:MSA) last issued its quarterly earnings results on Wednesday, April 24th. The industrial products company reported $1.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.03. The company had revenue of $326.00 million for the quarter, compared to analyst estimates of $340.46 million. MSA Safety had a net margin of 8.47% and a return on equity of 27.93%. The business’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.01 earnings per share. On average, equities research analysts predict that MSA Safety Inc will post 4.83 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Monday, May 20th were paid a dividend of $0.42 per share. The ex-dividend date was Friday, May 17th. This is a positive change from MSA Safety’s previous quarterly dividend of $0.38. This represents a $1.68 dividend on an annualized basis and a yield of 1.60%. MSA Safety’s dividend payout ratio is 37.33%.

In related news, Director Diane M. Pearse sold 4,854 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $110.00, for a total transaction of $533,940.00. Following the sale, the director now directly owns 30,558 shares in the company, valued at $3,361,380. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kenneth D. Krause sold 3,800 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $104.00, for a total transaction of $395,200.00. Following the sale, the chief financial officer now owns 20,308 shares in the company, valued at $2,112,032. The disclosure for this sale can be found here. Insiders have sold 30,297 shares of company stock worth $3,262,380 over the last quarter. Insiders own 9.12% of the company’s stock.

Several research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of MSA Safety from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a research report on Wednesday, June 26th. ValuEngine upgraded shares of MSA Safety from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $108.33.

About MSA Safety

MSA Safety Incorporated develops, manufactures, and supplies safety products that protect people and facility infrastructures in the oil, gas, petrochemical, fire service, construction, utilities, and mining industries worldwide. It operates through Americas and International segments. The company's core product offerings include permanently installed fixed gas and flame detection instruments, such as permanently installed gas detection monitoring systems, and flame detectors and open-path infrared gas detectors, as well as replacement components and related services to detect the presence or absence of various gases in the air.

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Institutional Ownership by Quarter for MSA Safety (NYSE:MSA)

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