Pullen Investment Management Opens New $2.6 Million MSA Safety Position

Core Insights - Pullen Investment Management has acquired a new stake in MSA Safety, purchasing 16,026 shares valued at approximately $2.57 million during Q4 2025, reflecting a strategic investment in the company [2] - MSA Safety's stock price has increased by 10.43% over the past year, currently priced at $184.16, although it has underperformed the S&P 500 by 4 percentage points [3] Company Overview - MSA Safety is a global leader in advanced safety products for industrial and emergency applications, with a revenue of $1.86 billion and a net income of $279.94 million [4][5] - The company offers a wide range of safety products, including gas detection instruments, portable gas detectors, breathing apparatus, and fall protection equipment, serving various sectors such as industrial, fire service, construction, and military [7] Financial Metrics - MSA Safety has a dividend yield of 1.15%, with a history of increasing dividend payments for 54 consecutive years, and a 5.7% growth in dividend payments over the last decade [4][10] - The company currently utilizes only 29% of its earnings to fund its dividend, indicating potential for larger increases in the future as margins improve [10] Investment Perspective - The recent acquisition by Pullen suggests confidence in MSA Safety's stock, which is viewed as an attractive investment opportunity at 21 times forward earnings, especially for those seeking stability in their portfolio [6][10] - MSA Safety's shift towards technology-driven solutions, such as data insights and the FireGrid Platform, is expected to enhance margins and support organic sales growth of 4% in the long term [9]