Bank of New York Mellon Corp Has $123.52 Million Stock Holdings in MSA Safety Incorporporated $MSA

Bank of New York Mellon Corp reduced its stake in MSA Safety Incorporporated (NYSE:MSA) by 4.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 717,843 shares of the industrial products company’s stock after selling 35,552 shares during the quarter. Bank of New York Mellon Corp owned about 1.83% of MSA Safety Incorporporated worth $123,519,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. First Horizon Corp bought a new position in MSA Safety Incorporporated during the 3rd quarter worth approximately $30,000. Penserra Capital Management LLC acquired a new stake in shares of MSA Safety Incorporporated during the second quarter worth $33,000. EverSource Wealth Advisors LLC lifted its holdings in MSA Safety Incorporporated by 94.1% in the second quarter. EverSource Wealth Advisors LLC now owns 198 shares of the industrial products company’s stock valued at $33,000 after buying an additional 96 shares during the period. Steward Partners Investment Advisory LLC boosted its position in MSA Safety Incorporporated by 397.7% during the second quarter. Steward Partners Investment Advisory LLC now owns 219 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 175 shares during the last quarter. Finally, Allworth Financial LP grew its holdings in MSA Safety Incorporporated by 34.8% during the 2nd quarter. Allworth Financial LP now owns 298 shares of the industrial products company’s stock worth $50,000 after acquiring an additional 77 shares during the period. 92.51% of the stock is currently owned by institutional investors.

MSA Safety Incorporporated Stock Down 0.7%

MSA stock opened at $177.06 on Friday. The stock’s 50 day simple moving average is $167.86 and its 200 day simple moving average is $168.70. The company has a market cap of $6.93 billion, a P/E ratio of 24.97 and a beta of 0.97. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.86 and a current ratio of 3.08. MSA Safety Incorporporated has a fifty-two week low of $127.86 and a fifty-two week high of $185.54.

MSA Safety Incorporporated Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Friday, February 13th will be given a $0.53 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $2.12 annualized dividend and a yield of 1.2%. MSA Safety Incorporporated’s dividend payout ratio (DPR) is presently 29.90%.

Insider Buying and Selling

In other MSA Safety Incorporporated news, CAO Jonathan D. Buck sold 333 shares of the business’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $161.00, for a total transaction of $53,613.00. Following the completion of the sale, the chief accounting officer owned 4,434 shares in the company, valued at approximately $713,874. The trade was a 6.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

MSA has been the subject of several research analyst reports. Weiss Ratings raised MSA Safety Incorporporated from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 26th. Wall Street Zen upgraded MSA Safety Incorporporated from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $186.50.

MSA Safety Incorporporated Company Profile

MSA Safety Incorporated develops, manufactures and supplies a wide range of safety products designed to protect workers in hazardous environments. The company’s offerings span personal protective equipment such as industrial helmets, face shields, protective clothing and fall protection devices, as well as fixed and portable gas detection and monitoring systems. MSA’s products are used in industries including oil and gas, mining, construction, fire service, and chemical processing to guard against risks such as gas leaks, impacts, flame exposure and falls from height.

Key product lines include self-contained breathing apparatus (SCBA) and air-purifying respirators, gas detectors and sensors, head and face protection, and fall arrest systems.