Principal Financial Group Inc. trimmed its stake in shares of MSA Safety Inc (NYSE:MSA) by 13.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 825,417 shares of the industrial products company’s stock after selling 127,477 shares during the period. Principal Financial Group Inc. owned about 2.15% of MSA Safety worth $77,812,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. LS Investment Advisors LLC grew its holdings in MSA Safety by 19.9% in the fourth quarter. LS Investment Advisors LLC now owns 2,292 shares of the industrial products company’s stock valued at $216,000 after purchasing an additional 381 shares during the period. Diversified Trust Co lifted its position in shares of MSA Safety by 15.3% in the fourth quarter. Diversified Trust Co now owns 2,825 shares of the industrial products company’s stock valued at $266,000 after acquiring an additional 375 shares in the last quarter. Cookson Peirce & Co. Inc. lifted its position in MSA Safety by 26.0% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 13,610 shares of the industrial products company’s stock worth $1,283,000 after buying an additional 2,810 shares in the last quarter. AQR Capital Management LLC increased its stake in MSA Safety by 21.5% during the third quarter. AQR Capital Management LLC now owns 115,210 shares of the industrial products company’s stock worth $12,263,000 after acquiring an additional 20,355 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in MSA Safety by 672.5% during 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 during the last quarter. 72.49% of the stock is currently owned by hedge funds and other institutional investors.
MSA stock opened at $101.98 on Friday. The company has a quick ratio of 1.77, a current ratio of 2.33 and a debt-to-equity ratio of 0.54. The firm has a market cap of $3.94 billion, a price-to-earnings ratio of 22.66 and a beta of 1.31. MSA Safety Inc has a 52-week low of $80.08 and a 52-week high of $110.83.
MSA Safety (NYSE:MSA) last posted its earnings results on Thursday, February 21st. The industrial products company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.01. MSA Safety had a return on equity of 27.35% and a net margin of 9.14%. The company had revenue of $361.78 million during the quarter, compared to analysts’ expectations of $359.32 million. During the same quarter last year, the firm earned $1.31 earnings per share. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. As a group, equities research analysts anticipate that MSA Safety Inc will post 4.81 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Sunday, March 10th. Stockholders of record on Tuesday, February 19th were paid a $0.38 dividend. The ex-dividend date was 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 33.78%.
Several equities research analysts have issued reports on the company. Robert W. Baird reissued a “hold” rating and set a $105.00 target price on shares of MSA Safety in a research note on Friday, February 22nd. Zacks Investment Research raised MSA Safety from a “sell” rating to a “hold” rating in a research note on Friday, March 1st. ValuEngine cut MSA Safety from a “buy” rating to a “hold” rating in a research note on Friday, December 7th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $115.00 target price on shares of MSA Safety in a research note on Wednesday, December 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $106.10.
In other news, insider William M. Lambert sold 24,592 shares of MSA Safety stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $103.50, for a total value of $2,545,272.00. Following the completion of the sale, the insider now directly owns 56,734 shares of the company’s stock, valued at $5,871,969. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director L Edward Shaw, Jr. sold 50,000 shares of MSA Safety stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $104.02, for a total value of $5,201,000.00. Following the completion of the sale, the director now directly owns 467,238 shares of the company’s stock, valued at $48,602,096.76. The disclosure for this sale can be found here. Insiders own 9.90% of the company’s stock.
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MSA Safety 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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