Raymond James & Associates Sells 928 Shares of MSA Safety Incorporated (NYSE:MSA)

Raymond James & Associates lowered its stake in MSA Safety Incorporated (NYSE:MSA) by 1.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 79,184 shares of the industrial products company’s stock after selling 928 shares during the quarter. Raymond James & Associates’ holdings in MSA Safety were worth $14,042,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in shares of MSA Safety by 198.8% in the 2nd quarter. GAMMA Investing LLC now owns 245 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 163 shares during the period. Blue Trust Inc. raised its position in MSA Safety by 486.0% during the 3rd quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 209 shares in the last quarter. Allegheny Financial Group LTD bought a new stake in MSA Safety during the 1st quarter valued at $203,000. Kowal Investment Group LLC bought a new stake in MSA Safety during the 2nd quarter valued at $204,000. Finally, CIBC Asset Management Inc bought a new position in shares of MSA Safety in the 2nd quarter worth $206,000. Hedge funds and other institutional investors own 92.51% of the company’s stock.

Insider Buying and Selling at MSA Safety

In other MSA Safety news, CEO Nishan J. Vartanian sold 3,945 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $189.00, for a total transaction of $745,605.00. Following the sale, the chief executive officer now owns 31,953 shares in the company, valued at approximately $6,039,117. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 6.20% of the company’s stock.

MSA Safety Trading Down 0.5 %

Shares of NYSE:MSA opened at $166.12 on Monday. The business’s 50-day moving average is $175.14 and its 200 day moving average is $181.81. MSA Safety Incorporated has a 1 year low of $155.34 and a 1 year high of $200.60. The firm has a market capitalization of $6.54 billion, a P/E ratio of 24.61 and a beta of 0.99. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.45 and a quick ratio of 1.54.

MSA Safety (NYSE:MSA) last announced its earnings results on Wednesday, October 23rd. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.05. The company had revenue of $432.68 million for the quarter, compared to analyst estimates of $449.95 million. MSA Safety had a return on equity of 30.64% and a net margin of 14.97%. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.78 EPS. On average, research analysts predict that MSA Safety Incorporated will post 7.75 earnings per share for the current fiscal year.

MSA Safety Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $2.04 annualized dividend and a yield of 1.23%. MSA Safety’s payout ratio is presently 30.22%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. William Blair raised MSA Safety to a “strong-buy” rating in a research report on Tuesday, July 16th. Stifel Nicolaus boosted their price target on MSA Safety from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, July 26th.

About MSA Safety

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.