Wells Fargo & Company MN Sells 914 Shares of MSA Safety Incorporated (NYSE:MSA)

Wells Fargo & Company MN decreased its position in shares of MSA Safety Incorporated (NYSE:MSA) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,867 shares of the industrial products company’s stock after selling 914 shares during the period. Wells Fargo & Company MN owned approximately 0.17% of MSA Safety worth $11,250,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MSA. UMB Bank n.a. increased its position in MSA Safety by 78.4% during the fourth quarter. UMB Bank n.a. now owns 182 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 80 shares during the last quarter. SRS Capital Advisors Inc. increased its position in MSA Safety by 120.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 225 shares of the industrial products company’s stock valued at $37,000 after buying an additional 123 shares in the last quarter. JFS Wealth Advisors LLC lifted its stake in shares of MSA Safety by 97.6% during the fourth quarter. JFS Wealth Advisors LLC now owns 251 shares of the industrial products company’s stock worth $42,000 after buying an additional 124 shares during the period. First Horizon Advisors Inc. lifted its holdings in shares of MSA Safety by 81.3% during the fourth quarter. First Horizon Advisors Inc. now owns 330 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 148 shares during the period. Finally, Hilltop National Bank raised its holdings in shares of MSA Safety by 23.5% during the fourth quarter. Hilltop National Bank now owns 520 shares of the industrial products company’s stock worth $86,000 after purchasing an additional 99 shares during the last quarter. 92.51% of the stock is currently owned by institutional investors.

MSA Safety Trading Down 1.3 %

MSA opened at $142.79 on Wednesday. The business has a fifty day simple moving average of $152.55 and a 200-day simple moving average of $163.44. MSA Safety Incorporated has a 52 week low of $127.86 and a 52 week high of $200.61. The firm has a market cap of $5.61 billion, a P/E ratio of 19.80 and a beta of 0.97. The company has a quick ratio of 1.76, a current ratio of 2.79 and a debt-to-equity ratio of 0.42.

MSA Safety (NYSE:MSA) last announced its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.02. MSA Safety had a return on equity of 28.64% and a net margin of 15.76%. On average, equities analysts expect that MSA Safety Incorporated will post 8.06 earnings per share for the current year.

Insider Buying and Selling

In other MSA Safety news, CAO Jonathan D. Buck sold 717 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $159.00, for a total transaction of $114,003.00. Following the sale, the chief accounting officer now owns 3,673 shares of the company’s stock, valued at approximately $584,007. This trade represents a 16.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 6.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on MSA shares. Robert W. Baird dropped their price target on shares of MSA Safety from $175.00 to $161.00 and set a “neutral” rating on the stock in a research report on Tuesday. DA Davidson assumed coverage on MSA Safety in a research report on Thursday, December 19th. They set a “buy” rating and a $195.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, MSA Safety presently has an average rating of “Buy” and an average price target of $194.20.

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.