Bahl & Gaynor Inc. decreased its position in shares of MSA Safety Incorporated (NYSE:MSA - Free Report) by 5.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,458 shares of the industrial products company's stock after selling 2,006 shares during the quarter. Bahl & Gaynor Inc. owned 0.09% of MSA Safety worth $5,878,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the company. UMB Bank n.a. raised its stake in MSA Safety by 78.4% during the fourth quarter. UMB Bank n.a. now owns 182 shares of the industrial products company's stock worth $30,000 after acquiring an additional 80 shares in the last quarter. SRS Capital Advisors Inc. increased its stake in shares of MSA Safety by 120.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 225 shares of the industrial products company's stock valued at $37,000 after buying an additional 123 shares during the period. JFS Wealth Advisors LLC increased its stake in shares of MSA Safety by 97.6% in the fourth quarter. JFS Wealth Advisors LLC now owns 251 shares of the industrial products company's stock valued at $42,000 after buying an additional 124 shares during the period. First Horizon Advisors Inc. increased its stake in shares of MSA Safety by 81.3% in the fourth quarter. First Horizon Advisors Inc. now owns 330 shares of the industrial products company's stock valued at $55,000 after buying an additional 148 shares during the period. Finally, Hilltop National Bank boosted its holdings in MSA Safety by 23.5% in the fourth quarter. Hilltop National Bank now owns 520 shares of the industrial products company's stock valued at $86,000 after acquiring an additional 99 shares during the last quarter. Institutional investors own 92.51% of the company's stock.
Insider Activity
In other news, CAO Jonathan D. Buck sold 717 shares of the firm'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 sale, the chief accounting officer now directly owns 3,673 shares of the company's stock, valued at $584,007. This trade represents a 16.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 6.20% of the company's stock.
Wall Street Analysts Forecast Growth
MSA has been the topic of several analyst reports. Robert W. Baird reduced their target price on MSA Safety from $190.00 to $175.00 and set a "neutral" rating on the stock in a report on Tuesday, February 18th. DA Davidson assumed coverage on MSA Safety in a report on Thursday, December 19th. They set a "buy" rating and a $195.00 price target on the stock. Finally, Jefferies Financial Group assumed coverage on MSA Safety in a report on Thursday, December 12th. They set a "hold" rating and a $200.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $197.00.
Check Out Our Latest Analysis on MSA
MSA Safety Stock Down 0.4 %
Shares of MSA traded down $0.69 during trading hours on Friday, reaching $157.75. The stock had a trading volume of 176,859 shares, compared to its average volume of 148,192. MSA Safety Incorporated has a 12 month low of $153.79 and a 12 month high of $200.60. The firm has a 50-day simple moving average of $162.57 and a 200 day simple moving average of $169.69. The company has a current ratio of 2.79, a quick ratio of 1.76 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $6.19 billion, a price-to-earnings ratio of 21.88 and a beta of 0.99.
MSA Safety (NYSE:MSA - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The industrial products company reported $2.25 EPS for the quarter, beating analysts' consensus estimates of $2.23 by $0.02. MSA Safety had a return on equity of 28.64% and a net margin of 15.76%. Equities research analysts predict that MSA Safety Incorporated will post 8.06 earnings per share for the current fiscal year.
MSA Safety Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Friday, February 14th. MSA Safety's dividend payout ratio is presently 28.29%.
About MSA Safety
(
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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