Allspring Global Investments Holdings LLC Sells 3,816 Shares of MSA Safety Incorporporated $MSA

Allspring Global Investments Holdings LLC decreased its stake in MSA Safety Incorporporated (NYSE:MSA) by 5.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 67,562 shares of the industrial products company’s stock after selling 3,816 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in MSA Safety Incorporporated were worth $11,239,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Royal Bank of Canada raised its holdings in MSA Safety Incorporporated by 39.8% during the 1st quarter. Royal Bank of Canada now owns 47,391 shares of the industrial products company’s stock valued at $6,953,000 after buying an additional 13,501 shares during the period. Integrated Wealth Concepts LLC bought a new position in MSA Safety Incorporporated during the first quarter valued at $501,000. Jane Street Group LLC increased its position in MSA Safety Incorporporated by 44.7% during the first quarter. Jane Street Group LLC now owns 4,401 shares of the industrial products company’s stock valued at $646,000 after acquiring an additional 1,359 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of MSA Safety Incorporporated by 94.1% in the second 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 during the period. Finally, Baird Financial Group Inc. raised its stake in shares of MSA Safety Incorporporated by 31.5% in the second quarter. Baird Financial Group Inc. now owns 2,757 shares of the industrial products company’s stock valued at $462,000 after acquiring an additional 661 shares during the period. Institutional investors own 92.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. 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 research note on Tuesday, March 31st. Robert W. Baird set a $197.00 price objective on shares of MSA Safety Incorporporated in a research report on Wednesday, May 6th. Weiss Ratings raised shares of MSA Safety Incorporporated from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 17th. DA Davidson dropped their target price on MSA Safety Incorporporated from $235.00 to $206.00 and set a “buy” rating for the company in a research report on Monday, May 11th. Finally, Wall Street Zen upgraded MSA Safety Incorporporated from a “hold” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $203.60.

MSA Safety Incorporporated Price Performance

MSA Safety Incorporporated stock opened at $171.59 on Thursday. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.17 and a quick ratio of 1.92. The stock has a market cap of $6.62 billion, a price-to-earnings ratio of 23.19 and a beta of 0.95. The firm has a 50-day moving average of $167.30 and a two-hundred day moving average of $174.76. MSA Safety Incorporporated has a 1 year low of $151.10 and a 1 year high of $208.92.

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

MSA Safety Incorporporated Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, May 15th. This is an increase from MSA Safety Incorporporated’s previous quarterly dividend of $0.53. MSA Safety Incorporporated’s dividend payout ratio (DPR) is 29.19%.

Insider Buying and Selling

In other news, CFO Julie A. Beck bought 448 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was acquired at an average cost of $158.69 per share, with a total value of $71,093.12. Following the transaction, the chief financial officer directly owned 3,825 shares in the company, valued at approximately $606,989.25. This trade represents a 13.27% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.70% of the stock is owned by insiders.

About MSA Safety Incorporporated

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.