MSA Safety Incorporated (NYSE:MSA) Shares Sold by abrdn plc

abrdn plc lessened its stake in MSA Safety Incorporated (NYSE:MSA - Free Report) by 4.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 237,443 shares of the industrial products company's stock after selling 9,866 shares during the period. abrdn plc owned 0.60% of MSA Safety worth $42,108,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Ameritas Investment Partners Inc. boosted its stake in shares of MSA Safety by 0.4% during the first quarter. Ameritas Investment Partners Inc. now owns 17,756 shares of the industrial products company's stock worth $3,437,000 after buying an additional 65 shares during the period. Legacy Wealth Asset Management LLC raised its holdings in MSA Safety by 1.3% during the third quarter. Legacy Wealth Asset Management LLC now owns 5,418 shares of the industrial products company's stock worth $961,000 after purchasing an additional 72 shares in the last quarter. Moody National Bank Trust Division raised its holdings in MSA Safety by 7.3% during the second quarter. Moody National Bank Trust Division now owns 1,330 shares of the industrial products company's stock worth $250,000 after purchasing an additional 90 shares in the last quarter. Bank of Montreal Can raised its holdings in MSA Safety by 1.6% during the second quarter. Bank of Montreal Can now owns 6,845 shares of the industrial products company's stock worth $1,307,000 after purchasing an additional 109 shares in the last quarter. Finally, Creative Planning raised its holdings in MSA Safety by 5.3% during the third quarter. Creative Planning now owns 2,246 shares of the industrial products company's stock worth $398,000 after purchasing an additional 114 shares in the last quarter. Institutional investors and hedge funds own 92.51% of the company's stock.

Wall Street Analysts Forecast Growth

MSA has been the subject of several analyst reports. 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 report on Friday, July 26th. William Blair raised shares of MSA Safety to a "strong-buy" rating in a report on Tuesday, July 16th.

MSA Safety Price Performance

MSA Safety stock traded down $1.12 during mid-day trading on Thursday, reaching $166.17. The company had a trading volume of 277,288 shares, compared to its average volume of 152,575. MSA Safety Incorporated has a 1 year low of $155.60 and a 1 year high of $200.60. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.45 and a quick ratio of 1.54. The company has a market capitalization of $6.53 billion, a P/E ratio of 24.01 and a beta of 0.99. The stock's 50-day simple moving average is $174.57 and its 200-day simple moving average is $181.30.

MSA Safety (NYSE:MSA - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.78 by $0.05. MSA Safety had a net margin of 14.97% and a return on equity of 30.64%. The company had revenue of $432.68 million during the quarter, compared to analysts' expectations of $449.95 million. During the same period last year, the company posted $1.78 earnings per share. The firm's quarterly revenue was down 3.1% compared to the same quarter last year. On average, equities analysts predict that MSA Safety Incorporated will post 7.75 EPS for the current year.

MSA Safety Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.23%. MSA Safety's dividend payout ratio is presently 29.48%.

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.