MSA Safety Incorporated (NYSE:MSA) Shares Sold by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board trimmed its holdings in shares of MSA Safety Incorporated (NYSE:MSA - Free Report) by 57.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,723 shares of the industrial products company's stock after selling 10,580 shares during the period. Ontario Teachers Pension Plan Board's holdings in MSA Safety were worth $1,370,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in MSA Safety in the third quarter valued at approximately $260,000. Quest Partners LLC grew its holdings in MSA Safety by 270,025.0% during the 3rd quarter. Quest Partners LLC now owns 10,805 shares of the industrial products company's stock valued at $1,916,000 after purchasing an additional 10,801 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in MSA Safety by 3.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 9,245 shares of the industrial products company's stock worth $1,640,000 after buying an additional 300 shares during the period. Mutual of America Capital Management LLC lifted its holdings in MSA Safety by 0.3% in 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 buying an additional 71 shares in the last quarter. Finally, ING Groep NV acquired a new position in MSA Safety in the 3rd quarter worth $1,011,000. 92.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MSA has been the subject of a number of recent analyst reports. Stifel Nicolaus raised their price objective on MSA Safety from $200.00 to $215.00 and gave the company a "buy" rating in a research note on Friday, July 26th. B. Riley started coverage on shares of MSA Safety in a report on Tuesday, November 5th. They issued a "buy" rating and a $200.00 price target on the stock.

MSA Safety Stock Performance

MSA Safety stock traded up $1.03 during mid-day trading on Thursday, reaching $172.85. The company's stock had a trading volume of 79,598 shares, compared to its average volume of 153,382. The company has a current ratio of 2.68, a quick ratio of 1.56 and a debt-to-equity ratio of 0.48. MSA Safety Incorporated has a twelve month low of $160.02 and a twelve month high of $200.60. The business has a 50 day moving average price of $173.07 and a 200-day moving average price of $179.65. The firm has a market cap of $6.79 billion, a price-to-earnings ratio of 24.85 and a beta of 0.99.

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

MSA Safety Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.04 dividend on an annualized basis and a yield of 1.18%. MSA Safety's payout ratio is currently 29.48%.

MSA Safety 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.