Zacks Investment Research downgraded shares of MSA Safety Incorporporated (NYSE:MSA) from a hold rating to a sell rating in a research note released on Thursday morning.

According to Zacks, “MSA Safety Inc. is engaged in the development, manufacture and supply of safety products that protect people and facility infrastructures. The company’s core product lines include self-contained breathing apparatus, fixed gas and flame detection systems, handheld gas detection instruments, industrial and fire service head protection products and fall protection devices. It serves a broad range of industries, including the oil, gas and petrochemical industry, the fire service, construction, mining and general industry. MSA Safety Inc., formerly known as Mine Safety Appliances Company, is headquartered in Cranberry Township, Pennsylvania. “

A number of other equities analysts have also weighed in on the company. Robert W. Baird lowered MSA Safety Incorporporated from an outperform rating to a neutral rating and set a $80.00 price objective for the company. in a research note on Tuesday, October 3rd. BidaskClub raised MSA Safety Incorporporated from a strong sell rating to a sell rating in a research note on Thursday, August 17th. Finally, Stifel Nicolaus reaffirmed a buy rating and issued a $91.00 price objective on shares of MSA Safety Incorporporated in a research note on Friday, August 4th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $86.33.

Shares of MSA Safety Incorporporated (NYSE MSA) opened at 77.90 on Thursday. MSA Safety Incorporporated has a 12-month low of $55.00 and a 12-month high of $84.86. The stock has a market cap of $2.97 billion, a PE ratio of 39.24 and a beta of 1.64. The firm has a 50 day moving average price of $73.86 and a 200 day moving average price of $75.78.

MSA Safety Incorporporated (NYSE:MSA) last released its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.02). The business had revenue of $288.78 million during the quarter, compared to the consensus estimate of $302.94 million. MSA Safety Incorporporated had a return on equity of 19.64% and a net margin of 6.74%. The business’s revenue was down 2.4% on a year-over-year basis. During the same period last year, the company earned $0.79 EPS. On average, equities analysts expect that MSA Safety Incorporporated will post $3.19 EPS for the current year.

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The firm also recently disclosed a quarterly dividend, which was paid on Sunday, September 10th. Stockholders of record on Wednesday, August 16th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend was Monday, August 14th. MSA Safety Incorporporated’s dividend payout ratio (DPR) is 71.07%.

In other news, Director John T. Ryan III sold 32,100 shares of the company’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $71.43, for a total value of $2,292,903.00. Following the completion of the transaction, the director now owns 1,025,013 shares of the company’s stock, valued at $73,216,678.59. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Markus H. Weber sold 2,300 shares of the company’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $71.08, for a total value of $163,484.00. Following the completion of the transaction, the vice president now directly owns 13,801 shares of the company’s stock, valued at approximately $980,975.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,211 shares of company stock valued at $2,879,428. Corporate insiders own 15.53% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MSA. Great West Life Assurance Co. Can boosted its stake in shares of MSA Safety Incorporporated by 3.3% in the first quarter. Great West Life Assurance Co. Can now owns 18,208 shares of the industrial products company’s stock worth $1,286,000 after acquiring an additional 587 shares during the period. First Trust Advisors LP lifted its position in shares of MSA Safety Incorporporated by 23.5% in the first quarter. First Trust Advisors LP now owns 30,631 shares of the industrial products company’s stock worth $2,165,000 after buying an additional 5,824 shares in the last quarter. Comerica Bank lifted its position in shares of MSA Safety Incorporporated by 5.0% in the first quarter. Comerica Bank now owns 24,229 shares of the industrial products company’s stock worth $1,952,000 after buying an additional 1,150 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of MSA Safety Incorporporated by 71.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,436 shares of the industrial products company’s stock worth $102,000 after buying an additional 597 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its position in shares of MSA Safety Incorporporated by 47.9% in the first quarter. UBS Asset Management Americas Inc. now owns 15,222 shares of the industrial products company’s stock worth $1,076,000 after buying an additional 4,931 shares in the last quarter. 66.74% of the stock is owned by hedge funds and other institutional investors.

MSA Safety Incorporporated Company Profile

Mine Safety Appliances Company is engaged in the development, manufacture and supply of products that protect people’s health and safety. The Company’s line of safety products is used by workers worldwide in the fire service, homeland security, oil and gas, construction and other industries, as well as the military.

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