Rodgers Brothers Inc. decreased its stake in shares of MSA Safety Incorporated (NYSE:MSA) by 7.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,656 shares of the industrial products company’s stock after selling 2,704 shares during the period. Rodgers Brothers Inc. owned approximately 0.09% of MSA Safety worth $2,531,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the company. Sit Investment Associates Inc. boosted its holdings in MSA Safety by 24.1% during the fourth quarter. Sit Investment Associates Inc. now owns 23,725 shares of the industrial products company’s stock worth $1,839,000 after purchasing an additional 4,600 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in MSA Safety by 184.5% during the third quarter. Wells Fargo & Company MN now owns 119,442 shares of the industrial products company’s stock worth $9,496,000 after purchasing an additional 77,462 shares during the last quarter. First Trust Advisors LP boosted its holdings in MSA Safety by 18.2% during the third quarter. First Trust Advisors LP now owns 34,261 shares of the industrial products company’s stock worth $2,724,000 after purchasing an additional 5,265 shares during the last quarter. Martin & Co. Inc. TN boosted its holdings in MSA Safety by 57.1% during the third quarter. Martin & Co. Inc. TN now owns 31,760 shares of the industrial products company’s stock worth $2,525,000 after purchasing an additional 11,550 shares during the last quarter. Finally, Bristol County Savings Bank acquired a new position in MSA Safety during the fourth quarter worth $327,000. 69.56% of the stock is owned by institutional investors.
Several brokerages recently commented on MSA. Zacks Investment Research upgraded shares of MSA Safety from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a report on Saturday, February 24th. Robert W. Baird upgraded shares of MSA Safety from a “neutral” rating to an “outperform” rating and set a $89.00 target price for the company in a report on Thursday, February 22nd. Finally, TheStreet cut shares of MSA Safety from an “a-” rating to a “c+” rating in a report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $90.00.
MSA Safety (NYSE:MSA) last announced its quarterly earnings results on Tuesday, February 20th. The industrial products company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.31. The firm had revenue of $346.00 million during the quarter, compared to analysts’ expectations of $326.62 million. MSA Safety had a net margin of 2.17% and a return on equity of 23.91%. The company’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.78 earnings per share. equities research analysts expect that MSA Safety Incorporated will post 4.22 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Saturday, March 10th. Shareholders of record on Wednesday, February 14th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend was Tuesday, February 13th. MSA Safety’s dividend payout ratio is currently 215.39%.
In other MSA Safety news, insider Kerry M. Bove sold 4,276 shares of the stock in a transaction on Friday, March 9th. The shares were sold at an average price of $85.24, for a total value of $364,486.24. Following the completion of the sale, the insider now owns 58,881 shares in the company, valued at $5,019,016.44. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Kenneth D. Krause sold 1,250 shares of the stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $84.50, for a total transaction of $105,625.00. Following the completion of the sale, the chief financial officer now owns 22,235 shares of the company’s stock, valued at approximately $1,878,857.50. The disclosure for this sale can be found here. Company insiders own 11.47% of the company’s stock.
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MSA Safety 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.
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