California State Teachers Retirement System Sells 1,820 Shares of MSA Safety Incorporated (NYSE:MSA)

California State Teachers Retirement System lessened its stake in MSA Safety Incorporated (NYSE:MSAFree Report) by 4.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 39,371 shares of the industrial products company’s stock after selling 1,820 shares during the period. California State Teachers Retirement System owned about 0.10% of MSA Safety worth $6,647,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Victory Capital Management Inc. raised its position in MSA Safety by 4.0% in the third quarter. Victory Capital Management Inc. now owns 6,639 shares of the industrial products company’s stock worth $1,047,000 after purchasing an additional 254 shares in the last quarter. Swiss National Bank raised its position in MSA Safety by 1.1% in the third quarter. Swiss National Bank now owns 82,100 shares of the industrial products company’s stock worth $12,943,000 after purchasing an additional 900 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in MSA Safety by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 377,651 shares of the industrial products company’s stock worth $59,537,000 after purchasing an additional 5,432 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in MSA Safety by 2.0% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 6,136 shares of the industrial products company’s stock worth $967,000 after purchasing an additional 118 shares in the last quarter. Finally, Pathstone Family Office LLC increased its holdings in shares of MSA Safety by 30.3% during the third quarter. Pathstone Family Office LLC now owns 6,193 shares of the industrial products company’s stock worth $976,000 after buying an additional 1,441 shares in the last quarter. Institutional investors own 92.51% of the company’s stock.

Insider Activity

In other news, CEO Nishan J. Vartanian sold 11,000 shares of the stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $185.29, for a total transaction of $2,038,190.00. Following the sale, the chief executive officer now directly owns 56,800 shares of the company’s stock, valued at $10,524,472. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.07% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

Read Our Latest Stock Analysis on MSA

MSA Safety Stock Performance

NYSE MSA opened at $172.31 on Tuesday. The firm has a market cap of $6.79 billion, a price-to-earnings ratio of 25.53 and a beta of 0.99. The company has a 50 day moving average of $186.42 and a 200-day moving average of $178.49. The company has a current ratio of 2.51, a quick ratio of 1.54 and a debt-to-equity ratio of 0.57. MSA Safety Incorporated has a 1-year low of $147.35 and a 1-year high of $196.02.

MSA Safety (NYSE:MSAGet Free Report) last released its quarterly earnings results on Monday, April 29th. The industrial products company reported $1.61 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 for the quarter, compared to analysts’ expectations of $428.38 million. During the same period in the prior year, the firm earned $1.36 earnings per share. MSA Safety’s revenue was up 3.7% compared to the same quarter last year. On average, equities analysts forecast that MSA Safety Incorporated will post 7.75 earnings per share for the current fiscal year.

MSA Safety Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were paid a dividend of $0.51 per share. This is a boost from MSA Safety’s previous quarterly dividend of $0.47. This represents a $2.04 annualized dividend and a dividend yield of 1.18%. The ex-dividend date was Tuesday, May 14th. MSA Safety’s dividend payout ratio is 30.22%.

MSA Safety Company 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.

See Also

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

Receive News & Ratings for MSA Safety Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MSA Safety and related companies with MarketBeat.com's FREE daily email newsletter.