Skandinaviska Enskilda Banken AB publ Sells 2,750 Shares of MSA Safety Incorporporated $MSA

Skandinaviska Enskilda Banken AB publ lessened its holdings in MSA Safety Incorporporated (NYSE:MSA) by 78.7% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 745 shares of the industrial products company’s stock after selling 2,750 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in MSA Safety Incorporporated were worth $128,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Ruane Cunniff & Goldfarb L.P. bought a new stake in shares of MSA Safety Incorporporated during the second quarter worth $158,997,000. Cooke & Bieler LP increased its stake in MSA Safety Incorporporated by 1.3% in the 3rd quarter. Cooke & Bieler LP now owns 824,620 shares of the industrial products company’s stock worth $141,892,000 after buying an additional 10,858 shares during the period. M&G PLC lifted its holdings in MSA Safety Incorporporated by 5,607.2% during the 2nd quarter. M&G PLC now owns 722,251 shares of the industrial products company’s stock valued at $121,338,000 after buying an additional 709,596 shares in the last quarter. First Trust Advisors LP boosted its position in MSA Safety Incorporporated by 12.2% in the 2nd quarter. First Trust Advisors LP now owns 614,887 shares of the industrial products company’s stock valued at $103,012,000 after buying an additional 66,977 shares during the period. Finally, Channing Capital Management LLC boosted its position in MSA Safety Incorporporated by 4.6% in the 2nd quarter. Channing Capital Management LLC now owns 516,459 shares of the industrial products company’s stock valued at $86,522,000 after buying an additional 22,804 shares during the period. Hedge funds and other institutional investors own 92.51% of the company’s stock.

MSA Safety Incorporporated Trading Down 0.5%

Shares of NYSE MSA opened at $197.02 on Monday. MSA Safety Incorporporated has a 1-year low of $127.86 and a 1-year high of $208.92. The business has a fifty day moving average price of $178.00 and a 200 day moving average price of $170.55. The stock has a market capitalization of $7.64 billion, a P/E ratio of 27.83 and a beta of 0.98. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.01 and a quick ratio of 1.82.

MSA Safety Incorporporated (NYSE:MSA) last posted its earnings results on Wednesday, February 11th. The industrial products company reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.12. The company had revenue of $510.91 million for the quarter, compared to analyst estimates of $508.62 million. MSA Safety Incorporporated had a return on equity of 24.48% and a net margin of 14.88%.The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.25 earnings per share. Equities research analysts expect that MSA Safety Incorporporated will post 8.06 EPS for the current fiscal year.

MSA Safety Incorporporated Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Friday, February 13th will be paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, February 13th. MSA Safety Incorporporated’s payout ratio is 29.94%.

Analysts Set New Price Targets

MSA has been the topic of a number of research reports. JPMorgan Chase & Co. assumed coverage on shares of MSA Safety Incorporporated in a research report on Tuesday, February 3rd. They set a “neutral” rating and a $200.00 target price on the stock. Weiss Ratings upgraded MSA Safety Incorporporated from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 26th. National Bank Financial set a $235.00 target price on MSA Safety Incorporporated in a report on Wednesday. B. Riley Financial reissued a “buy” rating on shares of MSA Safety Incorporporated in a research report on Thursday, February 12th. Finally, Wall Street Zen downgraded MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $202.17.

Insider Buying and Selling

In other MSA Safety Incorporporated news, CAO Jonathan D. Buck sold 1,100 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $203.48, for a total value of $223,828.00. Following the completion of the sale, the chief accounting officer directly owned 3,234 shares in the company, valued at $658,054.32. This trade represents a 25.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.70% of the stock is owned by insiders.

MSA Safety Incorporporated 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.