Robert W. Baird Raises MSA Safety Incorporporated (MSA) Price Target to $89.00

MSA Safety Incorporporated (NYSE:MSA) had its target price increased by Robert W. Baird from $80.00 to $89.00 in a report issued on Sunday morning. They currently have a neutral rating on the industrial products company’s stock.

MSA has been the topic of a number of other reports. Zacks Investment Research lowered MSA Safety Incorporporated from a hold rating to a sell rating in a research report on Thursday, October 5th. Stifel Nicolaus reiterated a buy rating and issued a $91.00 price objective on shares of MSA Safety Incorporporated in a research report on Friday, August 4th. Finally, BidaskClub lowered MSA Safety Incorporporated from a sell rating to a strong sell rating in a research report on Tuesday, August 1st. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. MSA Safety Incorporporated has an average rating of Hold and a consensus target price of $89.33.

MSA Safety Incorporporated (NYSE MSA) opened at 81.33 on Friday. MSA Safety Incorporporated has a 52 week low of $55.00 and a 52 week high of $85.80. The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of 40.97 and a beta of 1.64. The firm has a 50-day moving average price of $76.84 and a 200 day moving average price of $76.82.

MSA Safety Incorporporated (NYSE:MSA) last issued its quarterly earnings data on Thursday, October 19th. The industrial products company reported $0.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.13. The firm had revenue of $296.13 million for the quarter, compared to analyst estimates of $298.47 million. MSA Safety Incorporporated had a return on equity of 20.56% and a net margin of 7.32%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the company earned $0.72 EPS. On average, equities research analysts forecast that MSA Safety Incorporporated will post $3.20 earnings per share for the current fiscal year.

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In related news, Director John T. Ryan III sold 32,100 shares of MSA Safety Incorporporated stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $71.43, for a total transaction of $2,292,903.00. Following the sale, the director now directly owns 1,025,013 shares in the company, valued at $73,216,678.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Markus H. Weber sold 2,300 shares of MSA Safety Incorporporated stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $71.08, for a total value of $163,484.00. Following the sale, the vice president now owns 13,801 shares in the company, valued at $980,975.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 49,724 shares of company stock worth $3,642,145. Corporate insiders own 11.47% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Riverhead Capital Management LLC boosted its position in shares of MSA Safety Incorporporated by 58.1% during the second quarter. Riverhead Capital Management LLC now owns 1,265 shares of the industrial products company’s stock valued at $103,000 after purchasing an additional 465 shares in the last quarter. Citigroup Inc. boosted its position in shares of MSA Safety Incorporporated by 18.3% during the second quarter. Citigroup Inc. now owns 1,401 shares of the industrial products company’s stock valued at $114,000 after purchasing an additional 217 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of MSA Safety Incorporporated by 8.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,560 shares of the industrial products company’s stock valued at $127,000 after purchasing an additional 124 shares in the last quarter. Royal Bank of Canada boosted its position in shares of MSA Safety Incorporporated by 3.3% during the second quarter. Royal Bank of Canada now owns 1,643 shares of the industrial products company’s stock valued at $133,000 after purchasing an additional 53 shares in the last quarter. Finally, Pacad Investment Ltd. boosted its position in shares of MSA Safety Incorporporated by 27.8% during the second quarter. Pacad Investment Ltd. now owns 2,300 shares of the industrial products company’s stock valued at $187,000 after purchasing an additional 500 shares in the last quarter. Institutional investors own 66.49% of the company’s stock.

MSA Safety Incorporporated Company 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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