American International Group Inc. Sells 2,137 Shares of MSA Safety Incorporated (NYSE:MSA)

American International Group Inc. cut its holdings in shares of MSA Safety Incorporated (NYSE:MSAFree Report) by 4.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,967 shares of the industrial products company’s stock after selling 2,137 shares during the period. American International Group Inc. owned about 0.13% of MSA Safety worth $8,436,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in MSA Safety by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 3,802,609 shares of the industrial products company’s stock worth $599,481,000 after buying an additional 14,236 shares in the last quarter. JPMorgan Chase & Co. raised its stake in MSA Safety by 4.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,132,779 shares of the industrial products company’s stock worth $336,233,000 after buying an additional 87,707 shares during the period. Dimensional Fund Advisors LP raised its stake in MSA Safety by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 720,523 shares of the industrial products company’s stock worth $121,646,000 after buying an additional 17,007 shares during the period. Principal Financial Group Inc. raised its stake in MSA Safety by 2.2% during the 4th quarter. Principal Financial Group Inc. now owns 465,022 shares of the industrial products company’s stock worth $78,510,000 after buying an additional 10,190 shares during the period. Finally, APG Asset Management US Inc. acquired a new stake in MSA Safety during the 4th quarter worth $69,067,000. 92.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded MSA Safety from a “hold” rating to a “buy” rating in a report on Friday, February 23rd. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $189.50.

Check Out Our Latest Stock Analysis on MSA

Insiders Place Their Bets

In other news, CEO Nishan J. Vartanian sold 4,099 shares of MSA Safety stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $185.75, for a total value of $761,389.25. Following the completion of the sale, the chief executive officer now directly owns 67,800 shares in the company, valued at $12,593,850. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Nishan J. Vartanian sold 11,000 shares of MSA Safety stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $185.29, for a total value of $2,038,190.00. Following the transaction, the chief executive officer now directly owns 56,800 shares of the company’s stock, valued at $10,524,472. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Nishan J. Vartanian sold 4,099 shares of MSA Safety stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $185.75, for a total transaction of $761,389.25. Following the completion of the transaction, the chief executive officer now directly owns 67,800 shares in the company, valued at $12,593,850. The disclosure for this sale can be found here. Company insiders own 6.07% of the company’s stock.

MSA Safety Price Performance

Shares of NYSE MSA opened at $171.23 on Monday. The stock has a market capitalization of $6.74 billion, a price-to-earnings ratio of 25.37 and a beta of 0.99. The business has a 50-day moving average of $186.79 and a 200-day moving average of $178.45. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.51 and a quick ratio of 1.54. MSA Safety Incorporated has a fifty-two week low of $146.65 and a fifty-two week high of $196.02.

MSA Safety (NYSE:MSAGet Free Report) last issued its earnings results on Monday, April 29th. The industrial products company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.14. MSA Safety had a net margin of 14.81% and a return on equity of 31.51%. The business had revenue of $413.00 million during the quarter, compared to the consensus estimate of $428.38 million. During the same period last year, the business posted $1.36 EPS. MSA Safety’s revenue was up 3.7% on a year-over-year basis. As a group, sell-side analysts predict that MSA Safety Incorporated will post 7.75 earnings per share for the current fiscal year.

MSA Safety Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.51 per share. The ex-dividend date is Tuesday, May 14th. This is an increase from MSA Safety’s previous quarterly dividend of $0.47. This represents a $2.04 annualized dividend and a yield of 1.19%. MSA Safety’s dividend payout ratio (DPR) is 30.22%.

MSA Safety Profile

(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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Institutional Ownership by Quarter for MSA Safety (NYSE:MSA)

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