MSA Safety Incorporated (NYSE:MSA) Shares Sold by Martingale Asset Management L P

Martingale Asset Management L P trimmed its stake in MSA Safety Incorporated (NYSE:MSA - Free Report) by 9.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,510 shares of the industrial products company's stock after selling 2,968 shares during the period. Martingale Asset Management L P owned 0.07% of MSA Safety worth $5,056,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Cooke & Bieler LP purchased a new stake in shares of MSA Safety in the second quarter worth about $60,236,000. Conestoga Capital Advisors LLC boosted its stake in shares of MSA Safety by 219.8% in the second quarter. Conestoga Capital Advisors LLC now owns 306,943 shares of the industrial products company's stock worth $57,610,000 after buying an additional 210,968 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of MSA Safety by 748.6% in the second quarter. Victory Capital Management Inc. now owns 65,552 shares of the industrial products company's stock worth $12,303,000 after buying an additional 57,827 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of MSA Safety by 231.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 63,941 shares of the industrial products company's stock worth $12,294,000 after buying an additional 44,625 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of MSA Safety by 453.6% in the second quarter. American Century Companies Inc. now owns 41,799 shares of the industrial products company's stock worth $7,845,000 after buying an additional 34,248 shares during the last quarter. 92.51% of the stock is owned by institutional investors.

MSA Safety Price Performance

MSA stock traded down $0.51 during mid-day trading on Friday, reaching $173.81. 100,820 shares of the company's stock were exchanged, compared to its average volume of 154,656. The company has a market cap of $6.83 billion, a price-to-earnings ratio of 25.12 and a beta of 0.99. The stock's 50 day moving average is $172.33 and its 200 day moving average is $179.03. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.68 and a quick ratio of 1.56. MSA Safety Incorporated has a 12-month low of $160.02 and a 12-month high of $200.60.

MSA Safety (NYSE:MSA - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The industrial products company reported $1.83 EPS for the quarter, beating analysts' consensus estimates of $1.78 by $0.05. MSA Safety had a return on equity of 29.14% and a net margin of 15.16%. The business had revenue of $432.68 million during the quarter, compared to analysts' expectations of $449.95 million. During the same quarter in the prior year, the firm earned $1.78 earnings per share. The business's revenue was down 3.1% compared to the same quarter last year. On average, research analysts expect that MSA Safety Incorporated will post 7.64 EPS for the current year.

MSA Safety Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.51 per share. The ex-dividend date is Friday, November 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.17%. MSA Safety's payout ratio is currently 29.48%.

Wall Street Analysts Forecast Growth

Separately, B. Riley began coverage on MSA Safety in a research note on Tuesday, November 5th. They issued a "buy" rating and a $200.00 target price on the stock.

MSA Safety Company Profile

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.