Raymond James & Associates boosted its stake in MSA Safety Inc (NYSE:MSA) by 1.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 52,714 shares of the industrial products company’s stock after purchasing an additional 805 shares during the quarter. Raymond James & Associates owned about 0.14% of MSA Safety worth $4,969,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Quantamental Technologies LLC bought a new stake in shares of MSA Safety in the fourth quarter worth about $28,000. Ffcm LLC increased its holdings in shares of MSA Safety by 329.5% in the fourth quarter. Ffcm LLC now owns 378 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 290 shares in the last quarter. Simplex Trading LLC bought a new stake in shares of MSA Safety in the fourth quarter worth about $84,000. Parametrica Management Ltd bought a new stake in shares of MSA Safety in the third quarter worth about $202,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of MSA Safety by 672.5% in the third quarter. Tower Research Capital LLC TRC now owns 1,939 shares of the industrial products company’s stock worth $206,000 after acquiring an additional 1,688 shares in the last quarter. Institutional investors and hedge funds own 75.88% of the company’s stock.
In related news, insider William M. Lambert sold 10,137 shares of the stock in a transaction that occurred on Wednesday, November 28th. The stock was sold at an average price of $105.97, for a total transaction of $1,074,217.89. Following the completion of the transaction, the insider now directly owns 42,147 shares of the company’s stock, valued at $4,466,317.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Steven C. Sr. Blanco sold 3,086 shares of the stock in a transaction that occurred on Friday, November 16th. The shares were sold at an average price of $108.78, for a total value of $335,695.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,086 shares of company stock valued at $2,460,224. 9.90% of the stock is owned by corporate insiders.
Shares of NYSE:MSA traded up $0.79 during mid-day trading on Monday, reaching $101.94. 167,611 shares of the stock were exchanged, compared to its average volume of 174,811. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.59 and a current ratio of 2.19. The company has a market cap of $3.89 billion, a PE ratio of 26.35 and a beta of 1.30. MSA Safety Inc has a one year low of $73.14 and a one year high of $110.83.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, March 10th. Investors of record on Tuesday, February 19th will be issued a dividend of $0.38 per share. The ex-dividend date is Friday, February 15th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.49%. MSA Safety’s payout ratio is presently 39.28%.
Several equities research analysts have issued reports on MSA shares. ValuEngine downgraded MSA Safety from a “buy” rating to a “hold” rating in a report on Friday, December 7th. Stifel Nicolaus restated a “buy” rating and issued a $115.00 price target on shares of MSA Safety in a report on Wednesday, December 19th. Robert W. Baird downgraded MSA Safety from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $107.00 to $98.00 in a report on Friday, December 21st. Zacks Investment Research downgraded MSA Safety from a “hold” rating to a “sell” rating in a report on Friday, December 28th. Finally, William Blair started coverage on MSA Safety in a report on Thursday, January 10th. They set a “market perform” rating and a $98.30 price objective for the company. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $100.83.
MSA Safety Company Profile
MSA Safety Incorporated develops, manufactures, and supplies safety products that protect people and facility infrastructures in the oil, gas, petrochemical, fire service, construction, utilities, and mining industries worldwide. It operates through Americas and International segments. The company's core product offerings include permanently installed fixed gas and flame detection instruments, such as permanently installed gas detection monitoring systems, and flame detectors and open-path infrared gas detectors, as well as replacement components and related services to detect the presence or absence of various gases in the air.
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