Raymond James & Associates lifted its position in shares of MSA Safety Inc (NYSE:MSA) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,714 shares of the industrial products company’s stock after acquiring an additional 805 shares during the quarter. Raymond James & Associates’ holdings in MSA Safety were worth $4,969,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MSA. Quantamental Technologies LLC acquired a new stake in shares of MSA Safety during the 4th quarter valued at $28,000. Ffcm LLC boosted its holdings in shares of MSA Safety by 329.5% during the 4th quarter. Ffcm LLC now owns 378 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 290 shares in the last quarter. Simplex Trading LLC acquired a new stake in shares of MSA Safety during the 4th quarter valued at $84,000. Parametrica Management Ltd acquired a new stake in shares of MSA Safety during the 3rd quarter valued at $202,000. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of MSA Safety by 672.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,939 shares of the industrial products company’s stock valued at $206,000 after acquiring an additional 1,688 shares in the last quarter. 75.88% of the stock is currently owned by institutional investors.
Several equities research analysts recently weighed in on MSA shares. ValuEngine raised MSA Safety from a “hold” rating to a “buy” rating in a report on Friday, December 21st. Stifel Nicolaus reissued a “buy” rating and set a $115.00 price objective on shares of MSA Safety in a report on Wednesday, December 19th. Zacks Investment Research raised MSA Safety from a “sell” rating to a “hold” rating in a report on Thursday. William Blair assumed coverage on MSA Safety in a report on Thursday, January 10th. They set a “market perform” rating and a $98.30 target price on the stock. Finally, Robert W. Baird downgraded MSA Safety from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $107.00 to $98.00 in a report on Friday, December 21st. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. MSA Safety presently has an average rating of “Hold” and an average price target of $100.83.
MSA traded up $0.79 during midday trading on Monday, hitting $101.94. 167,611 shares of the company were exchanged, compared to its average volume of 174,811. The company has a market capitalization of $3.89 billion, a PE ratio of 26.35 and a beta of 1.30. MSA Safety Inc has a 1-year low of $73.14 and a 1-year high of $110.83. The company has a current ratio of 2.19, a quick ratio of 1.59 and a debt-to-equity ratio of 0.56.
The business also recently announced a quarterly dividend, which will be paid on Sunday, March 10th. Shareholders of record on Tuesday, February 19th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Friday, February 15th. MSA Safety’s payout ratio is presently 39.28%.
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MSA Safety Profile
MSA Safety Incorporated develops, manufactures, and supplies safety products that protect people and facility infrastructures in the oil, gas, petrochemical, fire service, construction, utilities, and mining industries worldwide. It operates through Americas and International segments. The company's core product offerings include permanently installed fixed gas and flame detection instruments, such as permanently installed gas detection monitoring systems, and flame detectors and open-path infrared gas detectors, as well as replacement components and related services to detect the presence or absence of various gases in the air.
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