Federated Hermes Inc. Purchases 188 Shares of MSA Safety Incorporated (NYSE:MSA)

Federated Hermes Inc. lifted its position in MSA Safety Incorporated (NYSE:MSA) by 4.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,160 shares of the industrial products company’s stock after purchasing an additional 188 shares during the quarter. Federated Hermes Inc.’s holdings in MSA Safety were worth $702,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of MSA Safety by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 3,802,609 shares of the industrial products company’s stock worth $599,481,000 after purchasing an additional 14,236 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in MSA Safety by 4.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,132,779 shares of the industrial products company’s stock worth $336,233,000 after acquiring an additional 87,707 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in MSA Safety by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 377,651 shares of the industrial products company’s stock worth $59,537,000 after acquiring an additional 5,432 shares during the last quarter. Lord Abbett & CO. LLC grew its holdings in MSA Safety by 31.8% during the 3rd quarter. Lord Abbett & CO. LLC now owns 281,558 shares of the industrial products company’s stock worth $44,388,000 after acquiring an additional 67,902 shares during the last quarter. Finally, abrdn plc grew its holdings in MSA Safety by 68.9% during the 3rd quarter. abrdn plc now owns 223,397 shares of the industrial products company’s stock worth $35,219,000 after acquiring an additional 91,100 shares during the last quarter. Institutional investors own 92.51% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised shares of MSA Safety from a “hold” rating to a “buy” rating in a report on Friday, February 23rd. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $189.50.

MSA Safety Stock Up 1.4 %

Shares of NYSE:MSA opened at $185.32 on Friday. MSA Safety Incorporated has a 12 month low of $126.75 and a 12 month high of $196.02. The company’s 50-day moving average price is $187.48 and its two-hundred day moving average price is $173.53. The company has a quick ratio of 1.48, a current ratio of 2.51 and a debt-to-equity ratio of 0.57. The firm has a market cap of $7.29 billion, a P/E ratio of 27.45 and a beta of 1.01.

MSA Safety (NYSE:MSA) last issued its earnings results on Monday, April 29th. The industrial products company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.14. The company had revenue of $413.00 million for the quarter, compared to analyst estimates of $428.38 million. MSA Safety had a net margin of 14.81% and a return on equity of 31.48%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.36 EPS. As a group, research analysts forecast that MSA Safety Incorporated will post 7.56 EPS for the current fiscal year.

Insider Activity

In other news, Director Rebecca B. Roberts sold 1,100 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $181.84, for a total value of $200,024.00. Following the transaction, the director now owns 8,474 shares of the company’s stock, valued at approximately $1,540,912.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Jonathan D. Buck sold 305 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $185.50, for a total value of $56,577.50. Following the sale, the chief accounting officer now directly owns 3,506 shares in the company, valued at approximately $650,363. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Rebecca B. Roberts sold 1,100 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $181.84, for a total transaction of $200,024.00. Following the completion of the sale, the director now owns 8,474 shares in the company, valued at $1,540,912.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,504 shares of company stock valued at $1,017,991. 6.20% of the stock is currently owned by insiders.

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.