Bank of New York Mellon Corp Buys 22,366 Shares of MSA Safety Incorporated (NYSE:MSA)

Bank of New York Mellon Corp boosted its position in shares of MSA Safety Incorporated (NYSE:MSA) by 3.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 770,641 shares of the industrial products company’s stock after acquiring an additional 22,366 shares during the period. Bank of New York Mellon Corp owned approximately 1.96% of MSA Safety worth $144,642,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. BNP Paribas Financial Markets lifted its position in shares of MSA Safety by 30.3% during the 1st quarter. BNP Paribas Financial Markets now owns 26,606 shares of the industrial products company’s stock worth $5,151,000 after buying an additional 6,191 shares during the period. Mountain Pacific Investment Advisers Inc. ID lifted its holdings in shares of MSA Safety by 35.3% during the first quarter. Mountain Pacific Investment Advisers Inc. ID now owns 122,898 shares of the industrial products company’s stock valued at $23,792,000 after acquiring an additional 32,054 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in shares of MSA Safety by 231.0% during the first quarter. DekaBank Deutsche Girozentrale now owns 63,941 shares of the industrial products company’s stock valued at $12,294,000 after acquiring an additional 44,625 shares during the period. Quadrature Capital Ltd boosted its stake in shares of MSA Safety by 80.9% in the 1st quarter. Quadrature Capital Ltd now owns 17,173 shares of the industrial products company’s stock valued at $3,323,000 after purchasing an additional 7,681 shares in the last quarter. Finally, M&G Plc bought a new stake in shares of MSA Safety in the 1st quarter worth about $3,625,000. 92.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at MSA Safety

In related news, CEO Nishan J. Vartanian sold 3,945 shares of the company’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $189.00, for a total value of $745,605.00. Following the completion of the sale, the chief executive officer now owns 31,953 shares in the company, valued at $6,039,117. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 6.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on MSA shares. William Blair raised shares of MSA Safety to a “strong-buy” rating in a report on Tuesday, July 16th. Stifel Nicolaus boosted their target price on MSA Safety from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, July 26th.

MSA Safety Trading Up 0.6 %

MSA stock opened at $177.95 on Tuesday. The business has a fifty day moving average of $185.03 and a 200-day moving average of $184.95. The company has a quick ratio of 1.54, a current ratio of 2.45 and a debt-to-equity ratio of 0.55. The company has a market cap of $7.01 billion, a P/E ratio of 26.36 and a beta of 0.99. MSA Safety Incorporated has a twelve month low of $147.35 and a twelve month high of $200.60.

MSA Safety (NYSE:MSA) last released its earnings results on Wednesday, July 24th. The industrial products company reported $2.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.97 by $0.04. MSA Safety had a net margin of 14.97% and a return on equity of 30.64%. The company had revenue of $462.46 million for the quarter, compared to the consensus estimate of $461.30 million. As a group, equities research analysts expect that MSA Safety Incorporated will post 7.71 EPS for the current year.

MSA Safety Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.15%. The ex-dividend date is Thursday, August 15th. MSA Safety’s payout ratio is 30.22%.

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.