Farther Finance Advisors LLC Trims Stake in MSA Safety Incorporporated $MSA

Farther Finance Advisors LLC cut its stake in MSA Safety Incorporporated (NYSE:MSA) by 8.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,411 shares of the industrial products company’s stock after selling 129 shares during the period. Farther Finance Advisors LLC’s holdings in MSA Safety Incorporporated were worth $236,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bayforest Capital Ltd grew its position in MSA Safety Incorporporated by 3,400.0% in the first quarter. Bayforest Capital Ltd now owns 175 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 170 shares in the last quarter. GAMMA Investing LLC grew its position in MSA Safety Incorporporated by 39.4% in the first quarter. GAMMA Investing LLC now owns 269 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 76 shares in the last quarter. UMB Bank n.a. grew its position in MSA Safety Incorporporated by 54.4% in the first quarter. UMB Bank n.a. now owns 281 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 99 shares in the last quarter. Parallel Advisors LLC grew its position in MSA Safety Incorporporated by 115.4% in the second quarter. Parallel Advisors LLC now owns 293 shares of the industrial products company’s stock worth $49,000 after acquiring an additional 157 shares in the last quarter. Finally, Fifth Third Bancorp grew its position in MSA Safety Incorporporated by 24.7% in the first quarter. Fifth Third Bancorp now owns 682 shares of the industrial products company’s stock worth $100,000 after acquiring an additional 135 shares in the last quarter. 92.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other MSA Safety Incorporporated news, President Stephanie L. Sciullo sold 2,361 shares of the firm’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $169.51, for a total value of $400,213.11. Following the completion of the sale, the president directly owned 9,083 shares in the company, valued at $1,539,659.33. This trade represents a 20.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on MSA shares. Wall Street Zen upgraded shares of MSA Safety Incorporporated from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. DA Davidson upped their price target on shares of MSA Safety Incorporporated from $183.00 to $203.00 and gave the company a “buy” rating in a research report on Tuesday, July 22nd. Finally, Stifel Nicolaus assumed coverage on shares of MSA Safety Incorporporated in a research report on Wednesday, July 16th. They set a “hold” rating and a $182.00 price target for the company. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, MSA Safety Incorporporated currently has an average rating of “Hold” and a consensus price target of $189.20.

MSA Safety Incorporporated Trading Up 0.7%

MSA opened at $172.24 on Wednesday. The business has a 50 day simple moving average of $172.60 and a two-hundred day simple moving average of $163.29. The firm has a market capitalization of $6.74 billion, a price-to-earnings ratio of 24.57 and a beta of 0.95. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.11 and a quick ratio of 1.90. MSA Safety Incorporporated has a one year low of $127.86 and a one year high of $182.85.

MSA Safety Incorporporated (NYSE:MSA) last released its quarterly earnings results on Monday, August 4th. The industrial products company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.17. The business had revenue of $474.12 million during the quarter, compared to analyst estimates of $446.46 million. MSA Safety Incorporporated had a return on equity of 26.03% and a net margin of 15.15%.MSA Safety Incorporporated’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.01 EPS. Analysts predict that MSA Safety Incorporporated will post 8.06 EPS for the current year.

MSA Safety Incorporporated Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were given a dividend of $0.53 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.12 dividend on an annualized basis and a yield of 1.2%. MSA Safety Incorporporated’s dividend payout ratio is presently 30.24%.

MSA Safety Incorporporated Company 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.