20,862 MSA Safety Incorporporated $MSA Shares Sold by M&G PLC

M&G PLC cut its position in MSA Safety Incorporporated (NYSE:MSA) by 3.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 669,472 shares of the industrial products company’s stock after selling 20,862 shares during the quarter. M&G PLC owned about 1.74% of MSA Safety Incorporporated worth $119,166,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Allied Private Wealth LLC purchased a new position in shares of MSA Safety Incorporporated during the 2nd quarter valued at $27,000. TD Waterhouse Canada Inc. increased its holdings in MSA Safety Incorporporated by 74.0% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 174 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 74 shares during the last quarter. Bank of New Hampshire purchased a new stake in MSA Safety Incorporporated in the 3rd quarter worth about $36,000. IFP Advisors Inc increased its holdings in MSA Safety Incorporporated by 623.3% in the 2nd quarter. IFP Advisors Inc now owns 217 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 187 shares during the last quarter. Finally, Fortitude Family Office LLC raised its stake in MSA Safety Incorporporated by 1,452.9% in the 3rd quarter. Fortitude Family Office LLC now owns 264 shares of the industrial products company’s stock valued at $47,000 after acquiring an additional 247 shares during the period. 92.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MSA has been the topic of several recent research reports. B. Riley Financial downgraded shares of MSA Safety Incorporporated from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $210.00 to $195.00 in a report on Monday, August 3rd. JPMorgan Chase & Co. lifted their target price on shares of MSA Safety Incorporporated from $210.00 to $220.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Stifel Nicolaus set a $202.00 price target on shares of MSA Safety Incorporporated in a research report on Monday. Wall Street Zen lowered shares of MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a research report on Saturday, October 24th. Finally, Robert W. Baird upped their price target on shares of MSA Safety Incorporporated from $197.00 to $215.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $209.00.

MSA Safety Incorporporated Price Performance

Shares of NYSE:MSA opened at $173.07 on Tuesday. The company has a 50 day moving average of $181.00 and a 200 day moving average of $177.99. The stock has a market cap of $6.67 billion, a P/E ratio of 20.05 and a beta of 0.92. MSA Safety Incorporporated has a 12 month low of $152.86 and a 12 month high of $208.92. The company has a current ratio of 2.65, a quick ratio of 2.02 and a debt-to-equity ratio of 0.76.

MSA Safety Incorporporated (NYSE:MSA) last posted its earnings results on Monday, November 2nd. The industrial products company reported $2.09 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.09. MSA Safety Incorporporated had a net margin of 15.03% and a return on equity of 24.86%. The business had revenue of $536.43 million for the quarter, compared to analyst estimates of $528.39 million. During the same quarter in the prior year, the firm posted $1.77 EPS. MSA Safety Incorporporated’s revenue was up 14.5% on a year-over-year basis. As a group, sell-side analysts forecast that MSA Safety Incorporporated will post 9.12 EPS for the current fiscal year.

MSA Safety Incorporporated Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Friday, November 13th will be issued a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $2.16 annualized dividend and a dividend yield of 1.2%. MSA Safety Incorporporated’s payout ratio is presently 27.76%.

About MSA Safety Incorporporated

MSA Safety Incorporated develops and manufactures products that help protect workers and first responders. Its offerings include portable and fixed gas and flame detection systems, respiratory protection equipment, protective helmets and other head and eye protection, and fall protection systems.

The company serves customers in industries such as oil and gas, construction, utilities, mining and manufacturing, as well as fire and emergency services. Its products and safety solutions are sold in markets around the world.

Founded in 1914 and headquartered in Cranberry Township, Pennsylvania, MSA has a long history in workplace safety.