Edmond DE Rothschild Holding S.A. acquired a new stake in shares of MSA Safety Incorporated (NYSE:MSA - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 11,858 shares of the industrial products company's stock, valued at approximately $1,966,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Arizona State Retirement System lifted its position in MSA Safety by 0.7% during the fourth quarter. Arizona State Retirement System now owns 10,851 shares of the industrial products company's stock valued at $1,799,000 after buying an additional 78 shares in the last quarter. UMB Bank n.a. raised its stake in shares of MSA Safety by 78.4% in the 4th quarter. UMB Bank n.a. now owns 182 shares of the industrial products company's stock valued at $30,000 after acquiring an additional 80 shares during the period. US Bancorp DE lifted its holdings in shares of MSA Safety by 3.9% during the 4th quarter. US Bancorp DE now owns 2,190 shares of the industrial products company's stock valued at $363,000 after acquiring an additional 83 shares in the last quarter. Tidal Investments LLC boosted its position in MSA Safety by 1.1% during the 3rd quarter. Tidal Investments LLC now owns 8,060 shares of the industrial products company's stock worth $1,429,000 after purchasing an additional 90 shares during the period. Finally, Hilltop National Bank increased its holdings in MSA Safety by 23.5% in the 4th quarter. Hilltop National Bank now owns 520 shares of the industrial products company's stock valued at $86,000 after purchasing an additional 99 shares in the last quarter. 92.51% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, CAO Jonathan D. Buck sold 717 shares of the company's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $159.00, for a total transaction of $114,003.00. Following the completion of the transaction, the chief accounting officer now directly owns 3,673 shares in the company, valued at $584,007. This represents a 16.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.20% of the stock is currently owned by corporate insiders.
MSA Safety Stock Down 6.2 %
MSA Safety stock traded down $8.91 during midday trading on Friday, hitting $134.16. The stock had a trading volume of 296,533 shares, compared to its average volume of 165,303. The business has a fifty day moving average price of $157.11 and a 200 day moving average price of $165.93. MSA Safety Incorporated has a 12 month low of $133.95 and a 12 month high of $200.61. The stock has a market cap of $5.27 billion, a P/E ratio of 18.61 and a beta of 0.97. The company has a current ratio of 2.79, a quick ratio of 1.76 and a debt-to-equity ratio of 0.42.
MSA Safety (NYSE:MSA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The industrial products company reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.02. MSA Safety had a return on equity of 28.64% and a net margin of 15.76%. Research analysts predict that MSA Safety Incorporated will post 8.06 EPS for the current year.
MSA Safety Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.04 annualized dividend and a yield of 1.52%. MSA Safety's dividend payout ratio (DPR) is 28.29%.
Analyst Ratings Changes
A number of brokerages have commented on MSA. Jefferies Financial Group assumed coverage on MSA Safety in a research report on Thursday, December 12th. They issued a "hold" rating and a $200.00 target price for the company. Robert W. Baird decreased their price target on MSA Safety from $190.00 to $175.00 and set a "neutral" rating for the company in a report on Tuesday, February 18th. Finally, DA Davidson initiated coverage on shares of MSA Safety in a research note on Thursday, December 19th. They set a "buy" rating and a $195.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, MSA Safety currently has an average rating of "Buy" and a consensus price target of $197.00.
Read Our Latest Research Report on MSA Safety
MSA Safety Company Profile
(
Free Report)
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.
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