Bank of New York Mellon Corp Has $114.30 Million Holdings in MSA Safety Incorporporated $MSA

Bank of New York Mellon Corp decreased its holdings in MSA Safety Incorporporated (NYSE:MSA) by 1.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 697,186 shares of the industrial products company’s stock after selling 9,053 shares during the period. Bank of New York Mellon Corp owned about 1.80% of MSA Safety Incorporporated worth $114,304,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in MSA. Royal Bank of Canada raised its stake in MSA Safety Incorporporated by 39.8% in the 1st quarter. Royal Bank of Canada now owns 47,391 shares of the industrial products company’s stock valued at $6,953,000 after acquiring an additional 13,501 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in MSA Safety Incorporporated during the 1st quarter valued at $501,000. Jane Street Group LLC boosted its position in MSA Safety Incorporporated by 44.7% during the first quarter. Jane Street Group LLC now owns 4,401 shares of the industrial products company’s stock worth $646,000 after purchasing an additional 1,359 shares during the period. EverSource Wealth Advisors LLC boosted its position in MSA Safety Incorporporated by 94.1% during the second quarter. EverSource Wealth Advisors LLC now owns 198 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 96 shares during the period. Finally, Baird Financial Group Inc. increased its holdings in shares of MSA Safety Incorporporated by 31.5% in the second quarter. Baird Financial Group Inc. now owns 2,757 shares of the industrial products company’s stock valued at $462,000 after purchasing an additional 661 shares during the last quarter. 92.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on MSA. Jefferies Financial Group reissued a “hold” rating and issued a $180.00 price objective (down from $200.00) on shares of MSA Safety Incorporporated in a research report on Tuesday, March 31st. Robert W. Baird set a $197.00 target price on shares of MSA Safety Incorporporated in a report on Wednesday, May 6th. Wall Street Zen upgraded shares of MSA Safety Incorporporated from a “hold” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Weiss Ratings raised shares of MSA Safety Incorporporated from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday. Finally, DA Davidson lowered their price target on shares of MSA Safety Incorporporated from $235.00 to $206.00 and set a “buy” rating on the stock in a report on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $203.60.

MSA Safety Incorporporated Trading Up 0.1%

Shares of NYSE:MSA opened at $171.12 on Tuesday. The business’s 50 day simple moving average is $167.32 and its 200 day simple moving average is $174.62. MSA Safety Incorporporated has a 1 year low of $151.10 and a 1 year high of $208.92. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.17 and a quick ratio of 1.92. The company has a market capitalization of $6.61 billion, a P/E ratio of 23.12 and a beta of 0.95.

MSA Safety Incorporporated (NYSE:MSA) last announced its quarterly earnings data on Monday, May 4th. The industrial products company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.14. The firm had revenue of $463.63 million during the quarter, compared to analysts’ expectations of $451.28 million. MSA Safety Incorporporated had a return on equity of 24.54% and a net margin of 15.16%.The company’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.68 EPS. On average, research analysts anticipate that MSA Safety Incorporporated will post 8.86 EPS for the current fiscal year.

MSA Safety Incorporporated Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 1.3%. This is a boost from MSA Safety Incorporporated’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, May 15th. MSA Safety Incorporporated’s payout ratio is presently 29.19%.

Insiders Place Their Bets

In other news, CFO Julie A. Beck acquired 448 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was acquired at an average price of $158.69 per share, with a total value of $71,093.12. Following the completion of the transaction, the chief financial officer directly owned 3,825 shares of the company’s stock, valued at $606,989.25. This trade represents a 13.27% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is owned by corporate insiders.

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.