MSA Safety Incorporporated (MSA) VP Markus H. Weber Sells 5,811 Shares of Stock

MSA Safety Incorporporated (NYSE:MSA) VP Markus H. Weber sold 5,811 shares of the stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $72.80, for a total transaction of $423,040.80. Following the transaction, the vice president now directly owns 15,950 shares in the company, valued at approximately $1,161,160. The transaction was disclosed in a filing with the SEC, which is available through this link.

MSA Safety Incorporporated (MSA) traded up 1.25% on Friday, hitting $74.38. 747,526 shares of the stock were exchanged. MSA Safety Incorporporated has a 12 month low of $54.51 and a 12 month high of $84.86. The stock has a market cap of $2.84 billion, a price-to-earnings ratio of 37.47 and a beta of 1.64. The company has a 50-day moving average of $71.73 and a 200-day moving average of $75.09.

MSA Safety Incorporporated (NYSE:MSA) last released its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.02). MSA Safety Incorporporated had a net margin of 6.74% and a return on equity of 19.64%. The company had revenue of $288.78 million for the quarter, compared to analysts’ expectations of $302.94 million. During the same period in the previous year, the firm earned $0.79 earnings per share. The firm’s revenue for the quarter was down 2.4% on a year-over-year basis. On average, equities analysts predict that MSA Safety Incorporporated will post $3.19 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Sunday, September 10th. Stockholders of record on Wednesday, August 16th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, August 14th. This represents a $1.40 annualized dividend and a dividend yield of 1.88%. MSA Safety Incorporporated’s payout ratio is 71.07%.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in MSA. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of MSA Safety Incorporporated by 71.2% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,436 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 597 shares during the last quarter. Riverhead Capital Management LLC raised its holdings in shares of MSA Safety Incorporporated by 58.1% during the second quarter. Riverhead Capital Management LLC now owns 1,265 shares of the industrial products company’s stock valued at $103,000 after purchasing an additional 465 shares during the last quarter. Citigroup Inc. raised its holdings in shares of MSA Safety Incorporporated by 18.3% during the second quarter. Citigroup Inc. now owns 1,401 shares of the industrial products company’s stock valued at $114,000 after purchasing an additional 217 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of MSA Safety Incorporporated by 3.3% during the second quarter. Royal Bank of Canada now owns 1,643 shares of the industrial products company’s stock valued at $133,000 after purchasing an additional 53 shares during the last quarter. Finally, Pacad Investment Ltd. raised its holdings in shares of MSA Safety Incorporporated by 27.8% during the second quarter. Pacad Investment Ltd. now owns 2,300 shares of the industrial products company’s stock valued at $187,000 after purchasing an additional 500 shares during the last quarter. 68.24% of the stock is owned by hedge funds and other institutional investors.

MSA has been the subject of several analyst reports. BidaskClub lowered shares of MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd. Stifel Nicolaus reissued a “buy” rating and set a $91.00 target price on shares of MSA Safety Incorporporated in a research report on Friday, August 4th. Zacks Investment Research downgraded shares of MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, Robert W. Baird increased their target price on shares of MSA Safety Incorporporated from $82.00 to $84.00 and gave the company an “outperform” rating in a research report on Friday, June 30th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $87.50.

MSA Safety Incorporporated Company Profile

Mine Safety Appliances Company is engaged in the development, manufacture and supply of products that protect people’s health and safety. The Company’s line of safety products is used by workers worldwide in the fire service, homeland security, oil and gas, construction and other industries, as well as the military.

Insider Buying and Selling by Quarter for MSA Safety Incorporporated (NYSE:MSA)

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