Waldron Private Wealth LLC Cuts Stock Position in MSA Safety Incorporated (NYSE:MSA)

Waldron Private Wealth LLC lessened its position in shares of MSA Safety Incorporated (NYSE:MSA - Free Report) by 10.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,013 shares of the industrial products company's stock after selling 5,236 shares during the period. Waldron Private Wealth LLC owned about 0.11% of MSA Safety worth $7,628,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. GAMMA Investing LLC increased its stake in MSA Safety by 198.8% in the second quarter. GAMMA Investing LLC now owns 245 shares of the industrial products company's stock valued at $46,000 after purchasing an additional 163 shares during the last quarter. Blue Trust Inc. grew its position in shares of MSA Safety by 486.0% in the 3rd quarter. Blue Trust Inc. now owns 252 shares of the industrial products company's stock valued at $47,000 after buying an additional 209 shares during the last quarter. CWM LLC raised its stake in MSA Safety by 50.7% during the 1st quarter. CWM LLC now owns 306 shares of the industrial products company's stock worth $59,000 after acquiring an additional 103 shares in the last quarter. Allegheny Financial Group LTD acquired a new position in MSA Safety in the first quarter valued at $203,000. Finally, Kowal Investment Group LLC purchased a new position in shares of MSA Safety during the second quarter worth about $204,000. 92.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MSA has been the subject of several research analyst reports. William Blair raised MSA Safety to a "strong-buy" rating in a report on Tuesday, July 16th. Stifel Nicolaus increased their price target on shares of MSA Safety from $200.00 to $215.00 and gave the stock a "buy" rating in a research note on Friday, July 26th.

MSA Safety Price Performance

Shares of NYSE:MSA traded down $1.39 on Tuesday, reaching $169.47. 115,457 shares of the company were exchanged, compared to its average volume of 150,912. The company has a current ratio of 2.45, a quick ratio of 1.54 and a debt-to-equity ratio of 0.55. MSA Safety Incorporated has a 1-year low of $147.35 and a 1-year high of $200.60. The company has a 50-day moving average of $175.85 and a 200-day moving average of $182.30. The firm has a market cap of $6.67 billion, a price-to-earnings ratio of 25.11 and a beta of 0.99.

MSA Safety (NYSE:MSA - Get Free Report) last released its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.97 by $0.04. The firm had revenue of $462.46 million during the quarter, compared to the consensus estimate of $461.30 million. MSA Safety had a return on equity of 30.64% and a net margin of 14.97%. Equities analysts forecast that MSA Safety Incorporated will post 7.75 earnings per share for the current fiscal year.

MSA Safety Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were issued a $0.51 dividend. The ex-dividend date was Thursday, August 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.20%. MSA Safety's dividend payout ratio (DPR) is 30.22%.

Insider Activity

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

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.