Bank of New York Mellon Corp Has $114.30 Million Stock Position in MSA Safety Incorporporated $MSA

Bank of New York Mellon Corp cut its holdings in shares of MSA Safety Incorporporated (NYSE:MSA) by 1.3% in the 1st quarter, Holdings Channel reports. The firm owned 697,186 shares of the industrial products company’s stock after selling 9,053 shares during the period. Bank of New York Mellon Corp’s holdings in MSA Safety Incorporporated were worth $114,304,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of MSA. Illinois Municipal Retirement Fund increased its stake in shares of MSA Safety Incorporporated by 29.6% in the 1st quarter. Illinois Municipal Retirement Fund now owns 14,361 shares of the industrial products company’s stock valued at $2,354,000 after purchasing an additional 3,282 shares during the last quarter. State of Michigan Retirement System raised its holdings in shares of MSA Safety Incorporporated by 1.2% during the 1st quarter. State of Michigan Retirement System now owns 8,755 shares of the industrial products company’s stock worth $1,435,000 after buying an additional 100 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of MSA Safety Incorporporated by 15,958.9% during the 1st quarter. Fifth Third Bancorp now owns 102,456 shares of the industrial products company’s stock worth $16,798,000 after buying an additional 101,818 shares during the last quarter. Simplicity Wealth LLC bought a new stake in shares of MSA Safety Incorporporated during the 1st quarter worth $252,000. Finally, Sequoia Financial Advisors LLC boosted its stake in MSA Safety Incorporporated by 38.0% in the first quarter. Sequoia Financial Advisors LLC now owns 2,450 shares of the industrial products company’s stock valued at $402,000 after buying an additional 675 shares in the last quarter. Institutional investors and hedge funds own 92.51% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on MSA. DA Davidson decreased their target price on MSA Safety Incorporporated from $235.00 to $206.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. Weiss Ratings raised shares of MSA Safety Incorporporated from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday. Robert W. Baird set a $197.00 price target on shares of MSA Safety Incorporporated in a research note on Wednesday, May 6th. Wall Street Zen upgraded shares of MSA Safety Incorporporated from a “hold” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $180.00 price target (down from $200.00) on shares of MSA Safety Incorporporated in a report on Tuesday, March 31st. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $203.60.

MSA Safety Incorporporated Price Performance

Shares of MSA opened at $171.12 on Tuesday. The company has a quick ratio of 1.92, a current ratio of 3.17 and a debt-to-equity ratio of 0.45. The stock has a market cap of $6.61 billion, a PE ratio of 23.12 and a beta of 0.95. MSA Safety Incorporporated has a 12-month low of $151.10 and a 12-month high of $208.92. The business has a 50-day simple moving average of $167.32 and a two-hundred day simple moving average of $174.62.

MSA Safety Incorporporated (NYSE:MSA) last announced its quarterly earnings results on Monday, May 4th. The industrial products company reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.14. The firm had revenue of $463.63 million for the quarter, compared to analyst estimates of $451.28 million. MSA Safety Incorporporated had a return on equity of 24.54% and a net margin of 15.16%.The business’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period last year, the firm posted $1.68 earnings per share. Analysts anticipate that MSA Safety Incorporporated will post 8.86 earnings per share for the current fiscal year.

MSA Safety Incorporporated Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were given a dividend of $0.54 per share. The ex-dividend date was Friday, May 15th. This represents a $2.16 annualized dividend and a yield of 1.3%. This is a boost from MSA Safety Incorporporated’s previous quarterly dividend of $0.53. MSA Safety Incorporporated’s dividend payout ratio is 29.19%.

Insider Buying and Selling

In other MSA Safety Incorporporated news, CFO Julie A. Beck bought 448 shares of MSA Safety Incorporporated stock in a transaction on Thursday, June 11th. The shares were purchased at an average cost of $158.69 per share, with a total value of $71,093.12. Following the acquisition, the chief financial officer directly owned 3,825 shares of the company’s stock, valued at $606,989.25. The trade was a 13.27% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.70% of the stock is currently owned by corporate insiders.

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.