Redmond Asset Management LLC Invests $362,000 in MSA Safety Incorporated (NYSE:MSA)

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

A number of other hedge funds have also modified their holdings of MSA. State Street Corp raised its holdings in MSA Safety by 2.5% in the 3rd quarter. State Street Corp now owns 1,691,319 shares of the industrial products company’s stock valued at $299,939,000 after acquiring an additional 40,569 shares during the last quarter. Geode Capital Management LLC raised its holdings in MSA Safety by 27.6% in the 3rd quarter. Geode Capital Management LLC now owns 781,705 shares of the industrial products company’s stock valued at $138,658,000 after acquiring an additional 169,168 shares during the last quarter. Conestoga Capital Advisors LLC raised its holdings in MSA Safety by 34.2% in the 4th quarter. Conestoga Capital Advisors LLC now owns 590,718 shares of the industrial products company’s stock valued at $97,923,000 after acquiring an additional 150,402 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in MSA Safety by 6.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 418,237 shares of the industrial products company’s stock valued at $74,170,000 after acquiring an additional 26,835 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its holdings in MSA Safety by 11.0% in the 4th quarter. Handelsbanken Fonder AB now owns 210,244 shares of the industrial products company’s stock valued at $34,852,000 after acquiring an additional 20,900 shares during the last quarter. 92.51% of the stock is owned by hedge funds and other institutional investors.

MSA Safety Trading Down 0.4 %

MSA stock opened at $158.30 on Friday. The business has a fifty day simple moving average of $164.06 and a 200-day simple moving average of $170.81. The company has a quick ratio of 1.76, a current ratio of 2.79 and a debt-to-equity ratio of 0.42. MSA Safety Incorporated has a 52 week low of $153.79 and a 52 week high of $200.60. The company has a market cap of $6.21 billion, a price-to-earnings ratio of 21.96 and a beta of 1.00.

MSA Safety (NYSE:MSA) last announced its quarterly earnings results on Wednesday, February 12th. The industrial products company reported $2.25 earnings per share 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, equities research analysts expect that MSA Safety Incorporated will post 8.06 EPS for the current year.

MSA Safety Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be given a dividend of $0.51 per share. The ex-dividend date is Friday, February 14th. This represents a $2.04 dividend on an annualized basis and a yield of 1.29%. MSA Safety’s dividend payout ratio (DPR) is 28.29%.

Analysts Set New Price Targets

Several research analysts have weighed in on MSA shares. DA Davidson started coverage on MSA Safety in a report on Thursday, December 19th. They issued a “buy” rating and a $195.00 price target for the company. Robert W. Baird cut their price target on MSA Safety from $190.00 to $175.00 and set a “neutral” rating for the company in a report on Tuesday, February 18th. B. Riley initiated coverage on MSA Safety in a report on Tuesday, November 5th. They issued a “buy” rating and a $200.00 price target for the company. Finally, Jefferies Financial Group initiated coverage on MSA Safety in a report on Thursday, December 12th. They set a “hold” rating and a $200.00 price objective for the company. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average 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.