Raymond James Financial Services Advisors Inc. Sells 14,743 Shares of MSA Safety Incorporated (NYSE:MSA)

Raymond James Financial Services Advisors Inc. reduced its holdings in MSA Safety Incorporated (NYSE:MSA) by 72.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,519 shares of the industrial products company’s stock after selling 14,743 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in MSA Safety were worth $804,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Private Capital Group LLC grew its position in shares of MSA Safety by 35.4% in the 3rd quarter. Private Capital Group LLC now owns 352 shares of the industrial products company’s stock worth $51,000 after buying an additional 92 shares during the last quarter. Pantheon Investment Group LLC boosted its position in shares of MSA Safety by 0.6% during the third quarter. Pantheon Investment Group LLC now owns 17,353 shares of the industrial products company’s stock valued at $2,531,000 after purchasing an additional 100 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of MSA Safety by 1.3% during the second quarter. Commonwealth Equity Services LLC now owns 10,457 shares of the industrial products company’s stock valued at $1,731,000 after purchasing an additional 132 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in shares of MSA Safety by 1.3% during the second quarter. Great West Life Assurance Co. Can now owns 14,450 shares of the industrial products company’s stock valued at $2,392,000 after purchasing an additional 185 shares in the last quarter. Finally, First Pacific Financial boosted its position in shares of MSA Safety by 4.5% during the third quarter. First Pacific Financial now owns 4,509 shares of the industrial products company’s stock valued at $657,000 after purchasing an additional 195 shares in the last quarter. Hedge funds and other institutional investors own 77.21% of the company’s stock.

In other news, Director William M. Lambert sold 5,080 shares of the business’s stock in a transaction on Monday, November 22nd. The stock was sold at an average price of $154.63, for a total value of $785,520.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director John T. Ryan III sold 27,500 shares of the business’s stock in a transaction on Tuesday, December 14th. The stock was sold at an average price of $146.24, for a total value of $4,021,600.00. The disclosure for this sale can be found here. Insiders sold 87,270 shares of company stock worth $13,326,182 over the last three months. Corporate insiders own 6.29% of the company’s stock.

MSA Safety stock opened at $146.60 on Friday. The company has a current ratio of 2.15, a quick ratio of 1.41 and a debt-to-equity ratio of 0.72. The business’s fifty day simple moving average is $148.91 and its two-hundred day simple moving average is $154.49. MSA Safety Incorporated has a 12 month low of $136.91 and a 12 month high of $172.84. The company has a market capitalization of $5.75 billion, a price-to-earnings ratio of 62.38 and a beta of 0.94.

MSA Safety (NYSE:MSA) last released its earnings results on Wednesday, October 27th. The industrial products company reported $0.94 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.03 by ($0.09). MSA Safety had a return on equity of 20.19% and a net margin of 6.73%. The company had revenue of $340.20 million during the quarter, compared to the consensus estimate of $341.34 million. During the same period last year, the firm posted $0.94 earnings per share. The company’s revenue was up 11.8% compared to the same quarter last year. On average, equities research analysts predict that MSA Safety Incorporated will post 4.24 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 10th. Shareholders of record on Monday, November 15th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend was Friday, November 12th. MSA Safety’s dividend payout ratio (DPR) is 74.89%.

Several research firms recently weighed in on MSA. Zacks Investment Research upgraded MSA Safety from a “sell” rating to a “hold” rating in a research report on Wednesday, December 29th. Sidoti upgraded MSA Safety from a “neutral” rating to a “buy” rating and set a $183.00 price target on the stock in a research report on Tuesday, December 7th.

MSA Safety Profile

MSA Safety, Inc engages in developing, manufacturing, and sale of innovative products, which enhances the safety and health of workers and protect facility infrastructures. It operates through the following geographical segments: Americas, International, and Corporate. The Americas segment consists of manufacturing and research and development facilities in U.S., Mexico, and Brazil.

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Institutional Ownership by Quarter for MSA Safety (NYSE:MSA)

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