MSA Safety Incorporated (NYSE:MSA) Shares Sold by Nixon Peabody Trust Co.

Nixon Peabody Trust Co. decreased its position in MSA Safety Incorporated (NYSE:MSA - Free Report) by 8.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 347,550 shares of the industrial products company's stock after selling 30,175 shares during the quarter. MSA Safety comprises approximately 4.7% of Nixon Peabody Trust Co.'s holdings, making the stock its 5th largest position. Nixon Peabody Trust Co. owned approximately 0.88% of MSA Safety worth $57,613,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Mutual of America Capital Management LLC boosted its stake in shares of MSA Safety by 0.3% during the 3rd quarter. Mutual of America Capital Management LLC now owns 21,267 shares of the industrial products company's stock worth $3,771,000 after acquiring an additional 71 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of MSA Safety by 78.4% during the 4th 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. US Bancorp DE boosted its stake 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 worth $363,000 after acquiring an additional 83 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its stake in shares of MSA Safety by 4.3% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 2,052 shares of the industrial products company's stock worth $364,000 after acquiring an additional 84 shares in the last quarter. Finally, Tidal Investments LLC boosted its stake in shares of 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 acquiring an additional 90 shares in the last quarter. Institutional investors and hedge funds own 92.51% of the company's stock.

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Insider Transactions at MSA Safety

In other news, CAO Jonathan D. Buck sold 717 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $159.00, for a total value of $114,003.00. Following the completion of the transaction, the chief accounting officer now directly owns 3,673 shares of the company's stock, valued at approximately $584,007. This represents a 16.33 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 6.20% of the stock is currently owned by insiders.

MSA Safety Stock Performance

MSA Safety stock traded up $1.59 during trading hours on Wednesday, hitting $159.43. The stock had a trading volume of 157,497 shares, compared to its average volume of 148,050. The company has a 50-day moving average of $163.14 and a two-hundred day moving average of $169.97. The company has a quick ratio of 1.76, a current ratio of 2.79 and a debt-to-equity ratio of 0.42. The company has a market cap of $6.26 billion, a PE ratio of 22.11 and a beta of 1.00. MSA Safety Incorporated has a fifty-two week low of $153.79 and a fifty-two week high of $200.60.

MSA Safety (NYSE:MSA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The industrial products company reported $2.25 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%. On average, equities research analysts anticipate that MSA Safety Incorporated will post 8.06 EPS for the current fiscal year.

MSA Safety Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.28%. MSA Safety's payout ratio is presently 28.29%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Jefferies Financial Group assumed coverage on MSA Safety in a research note on Thursday, December 12th. They set a "hold" rating and a $200.00 target price for the company. Robert W. Baird decreased their target price on MSA Safety from $190.00 to $175.00 and set a "neutral" rating for the company in a research note on Tuesday, February 18th. DA Davidson assumed coverage on MSA Safety in a research note on Thursday, December 19th. They set a "buy" rating and a $195.00 target price for the company. Finally, B. Riley assumed coverage on MSA Safety in a research note on Tuesday, November 5th. They set a "buy" rating and a $200.00 target price for the company. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $197.00.

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.