Insider Selling: MSA Safety Incorporporated (NYSE:MSA) CAO Sells $89,579.00 in Stock

MSA Safety Incorporporated (NYSE:MSA) CAO Jonathan Buck sold 469 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $191.00, for a total value of $89,579.00. Following the transaction, the chief accounting officer directly owned 3,776 shares in the company, valued at approximately $721,216. The trade was a 11.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

MSA Safety Incorporporated Price Performance

NYSE MSA opened at $194.29 on Friday. MSA Safety Incorporporated has a one year low of $151.10 and a one year high of $208.92. The stock has a 50-day moving average of $170.74 and a 200 day moving average of $175.65. The company has a market capitalization of $7.50 billion, a price-to-earnings ratio of 24.17 and a beta of 0.94. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.02 and a current ratio of 3.24.

MSA Safety Incorporporated (NYSE:MSA) last issued its earnings results on Thursday, July 30th. The industrial products company reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $2.14 by $0.26. The business had revenue of $503.33 million during the quarter, compared to analyst estimates of $496.27 million. MSA Safety Incorporporated had a return on equity of 25.13% and a net margin of 16.13%.MSA Safety Incorporporated’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.93 EPS. On average, sell-side analysts forecast that MSA Safety Incorporporated will post 9.23 EPS for the current year.

MSA Safety Incorporporated Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 14th will be given a dividend of $0.54 per share. The ex-dividend date is Friday, August 14th. This represents a $2.16 dividend on an annualized basis and a yield of 1.1%. MSA Safety Incorporporated’s dividend payout ratio is 26.87%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC increased its position in MSA Safety Incorporporated by 1.6% in the fourth quarter. Sanctuary Advisors LLC now owns 3,958 shares of the industrial products company’s stock worth $634,000 after purchasing an additional 64 shares during the last quarter. Crossmark Global Holdings Inc. lifted its position in MSA Safety Incorporporated by 4.4% during the third quarter. Crossmark Global Holdings Inc. now owns 1,728 shares of the industrial products company’s stock valued at $297,000 after purchasing an additional 73 shares during the last quarter. Clearstead Advisors LLC lifted its position in MSA Safety Incorporporated by 2.8% during the fourth quarter. Clearstead Advisors LLC now owns 3,033 shares of the industrial products company’s stock valued at $486,000 after purchasing an additional 82 shares during the last quarter. Root Financial Partners LLC grew its stake in shares of MSA Safety Incorporporated by 109.3% in the 1st quarter. Root Financial Partners LLC now owns 157 shares of the industrial products company’s stock worth $26,000 after buying an additional 82 shares in the last quarter. Finally, Snowden Capital Advisors LLC grew its stake in shares of MSA Safety Incorporporated by 3.8% in the 2nd quarter. Snowden Capital Advisors LLC now owns 2,327 shares of the industrial products company’s stock worth $390,000 after buying an additional 85 shares in the last quarter. 92.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MSA has been the subject of a number of research analyst reports. Robert W. Baird lifted their target price on shares of MSA Safety Incorporporated from $197.00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. DA Davidson set a $223.00 price target on MSA Safety Incorporporated in a research note on Tuesday. Wall Street Zen lowered MSA Safety Incorporporated from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 25th. JPMorgan Chase & Co. upped their price objective on MSA Safety Incorporporated from $210.00 to $220.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Finally, Weiss Ratings raised MSA Safety Incorporporated from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $211.33.

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.