Bank of New York Mellon Corp Has $123.52 Million Stake in MSA Safety Incorporporated $MSA

Bank of New York Mellon Corp reduced its stake in shares of MSA Safety Incorporporated (NYSE:MSA) by 4.7% in the third quarter, HoldingsChannel.com reports. The firm owned 717,843 shares of the industrial products company’s stock after selling 35,552 shares during the period. Bank of New York Mellon Corp’s holdings in MSA Safety Incorporporated were worth $123,519,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. First Horizon Corp purchased a new position in shares of MSA Safety Incorporporated during the third quarter valued at approximately $30,000. Penserra Capital Management LLC bought a new position in MSA Safety Incorporporated during the 2nd quarter valued at $33,000. EverSource Wealth Advisors LLC lifted its stake in MSA Safety Incorporporated by 94.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 198 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 96 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in MSA Safety Incorporporated by 397.7% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 219 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 175 shares during the last quarter. Finally, Allworth Financial LP grew its stake in shares of MSA Safety Incorporporated by 34.8% in the 2nd quarter. Allworth Financial LP now owns 298 shares of the industrial products company’s stock worth $50,000 after acquiring an additional 77 shares in the last quarter. Institutional investors own 92.51% of the company’s stock.

Insider Buying and Selling

In related news, CAO Jonathan D. Buck sold 333 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $161.00, for a total value of $53,613.00. Following the transaction, the chief accounting officer owned 4,434 shares in the company, valued at approximately $713,874. This represents a 6.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.70% of the company’s stock.

MSA Safety Incorporporated Stock Performance

NYSE MSA opened at $177.06 on Friday. The company has a market capitalization of $6.93 billion, a PE ratio of 24.97 and a beta of 0.97. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.86 and a current ratio of 3.08. MSA Safety Incorporporated has a 52-week low of $127.86 and a 52-week high of $185.54. The company has a 50-day simple moving average of $167.86 and a 200 day simple moving average of $168.70.

MSA Safety Incorporporated Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Friday, February 13th will be issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, February 13th. MSA Safety Incorporporated’s payout ratio is 29.90%.

Analyst Ratings Changes

Several brokerages have recently commented on MSA. Weiss Ratings upgraded shares of MSA Safety Incorporporated from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 26th. Wall Street Zen raised shares of MSA Safety Incorporporated from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $186.50.

MSA Safety Incorporporated Company 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.