MSA Safety Incorporporated $MSA Shares Sold by Raiffeisen Bank International AG

Raiffeisen Bank International AG lowered its holdings in MSA Safety Incorporporated (NYSE:MSA) by 11.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,110 shares of the industrial products company’s stock after selling 815 shares during the period. Raiffeisen Bank International AG’s holdings in MSA Safety Incorporporated were worth $1,027,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in MSA. Advantage Alpha Capital Partners LP boosted its stake in MSA Safety Incorporporated by 23.9% in the 1st quarter. Advantage Alpha Capital Partners LP now owns 31,591 shares of the industrial products company’s stock worth $4,634,000 after buying an additional 6,094 shares during the last quarter. Entropy Technologies LP increased its stake in shares of MSA Safety Incorporporated by 194.4% during the 1st quarter. Entropy Technologies LP now owns 5,300 shares of the industrial products company’s stock valued at $777,000 after acquiring an additional 3,500 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. purchased a new position in shares of MSA Safety Incorporporated during the 1st quarter worth about $235,000. Cetera Investment Advisers lifted its holdings in shares of MSA Safety Incorporporated by 27.8% during the 1st quarter. Cetera Investment Advisers now owns 2,865 shares of the industrial products company’s stock worth $420,000 after acquiring an additional 624 shares during the period. Finally, Channing Capital Management LLC boosted its position in shares of MSA Safety Incorporporated by 2.8% in the first quarter. Channing Capital Management LLC now owns 493,655 shares of the industrial products company’s stock worth $72,414,000 after acquiring an additional 13,460 shares during the last quarter. 92.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MSA has been the subject of several research analyst reports. DA Davidson upped their price target on shares of MSA Safety Incorporporated from $183.00 to $203.00 and gave the stock a “buy” rating in a research report on Tuesday, July 22nd. Wall Street Zen cut shares of MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of MSA Safety Incorporporated in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $189.20.

MSA Safety Incorporporated Trading Up 0.9%

NYSE MSA opened at $157.00 on Wednesday. The firm has a market capitalization of $6.15 billion, a price-to-earnings ratio of 22.14 and a beta of 0.99. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.90 and a current ratio of 3.08. MSA Safety Incorporporated has a one year low of $127.86 and a one year high of $182.85. The company’s 50 day moving average price is $166.38 and its 200 day moving average price is $167.87.

MSA Safety Incorporporated (NYSE:MSA) last released its quarterly earnings data on Tuesday, October 28th. The industrial products company reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.04. MSA Safety Incorporporated had a net margin of 15.02% and a return on equity of 25.23%. The company had revenue of $468.45 million during the quarter, compared to the consensus estimate of $461.37 million. During the same period in the previous year, the firm earned $1.83 earnings per share. MSA Safety Incorporporated’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, sell-side analysts predict that MSA Safety Incorporporated will post 8.06 EPS for the current year.

MSA Safety Incorporporated Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be issued a $0.5625 dividend. The ex-dividend date is Friday, November 14th. This represents a $2.25 annualized dividend and a yield of 1.4%. This is an increase from MSA Safety Incorporporated’s previous quarterly dividend of $0.53. MSA Safety Incorporporated’s payout ratio is currently 29.90%.

Insider Buying and Selling

In other MSA Safety Incorporporated news, President Stephanie L. Sciullo sold 2,361 shares of the business’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $169.51, for a total transaction of $400,213.11. Following the transaction, the president owned 9,083 shares in the company, valued at $1,539,659.33. The trade was a 20.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.70% of the stock is owned by company insiders.

MSA Safety Incorporporated 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.