New York State Teachers Retirement System Sells 3,805 Shares of MSA Safety Incorporporated $MSA

New York State Teachers Retirement System cut its holdings in MSA Safety Incorporporated (NYSE:MSA) by 9.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 38,646 shares of the industrial products company’s stock after selling 3,805 shares during the quarter. New York State Teachers Retirement System’s holdings in MSA Safety Incorporporated were worth $6,474,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MSA. Bayforest Capital Ltd boosted its position in shares of MSA Safety Incorporporated by 3,400.0% during the first quarter. Bayforest Capital Ltd now owns 175 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 170 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of MSA Safety Incorporporated by 39.4% during the first quarter. GAMMA Investing LLC now owns 269 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 76 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of MSA Safety Incorporporated by 115.4% during the second quarter. Parallel Advisors LLC now owns 293 shares of the industrial products company’s stock worth $49,000 after purchasing an additional 157 shares in the last quarter. Hilltop National Bank bought a new position in shares of MSA Safety Incorporporated during the second quarter worth $116,000. Finally, CWM LLC boosted its position in shares of MSA Safety Incorporporated by 96.1% during the second quarter. CWM LLC now owns 696 shares of the industrial products company’s stock worth $117,000 after purchasing an additional 341 shares in the last quarter. 92.51% of the stock is owned by institutional investors.

MSA Safety Incorporporated Trading Up 0.0%

Shares of NYSE:MSA opened at $165.09 on Monday. MSA Safety Incorporporated has a 12 month low of $127.86 and a 12 month high of $182.85. The company has a quick ratio of 1.90, a current ratio of 3.11 and a debt-to-equity ratio of 0.54. The company’s fifty day simple moving average is $170.73 and its 200 day simple moving average is $165.26. The firm has a market cap of $6.46 billion, a price-to-earnings ratio of 23.55 and a beta of 0.99.

MSA Safety Incorporporated (NYSE:MSA) last issued its quarterly earnings data on Monday, August 4th. The industrial products company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.17. MSA Safety Incorporporated had a net margin of 15.15% and a return on equity of 26.03%. The business had revenue of $474.12 million for the quarter, compared to analyst estimates of $446.46 million. During the same period last year, the business posted $2.01 earnings per share. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. As a group, research analysts forecast that MSA Safety Incorporporated will post 8.06 EPS for the current fiscal year.

MSA Safety Incorporporated Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, August 15th. MSA Safety Incorporporated’s payout ratio is presently 30.24%.

Insider Transactions at MSA Safety Incorporporated

In other MSA Safety Incorporporated news, President Stephanie L. Sciullo sold 2,361 shares of MSA Safety Incorporporated stock in a transaction on Friday, September 12th. The shares were sold at an average price of $169.51, for a total value of $400,213.11. Following the sale, the president directly owned 9,083 shares in the company, valued at approximately $1,539,659.33. The trade was a 20.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. DA Davidson lifted 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. Weiss Ratings reissued a “buy (b-)” rating on shares of MSA Safety Incorporporated in a research report on Wednesday, October 8th. Wall Street Zen raised shares of MSA Safety Incorporporated from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. Finally, Stifel Nicolaus assumed coverage on shares of MSA Safety Incorporporated in a research report on Wednesday, July 16th. They set a “hold” rating and a $182.00 price target on the stock. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $189.20.

About MSA Safety Incorporporated

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.