Fairview Capital Investment Management LLC lessened its position in MSA Safety Incorporated (NYSE:MSA) by 2.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 119,637 shares of the industrial products company’s stock after selling 3,225 shares during the quarter. Fairview Capital Investment Management LLC’s holdings in MSA Safety were worth $9,274,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sit Investment Associates Inc. lifted its position in shares of MSA Safety by 24.1% in the fourth quarter. Sit Investment Associates Inc. now owns 23,725 shares of the industrial products company’s stock valued at $1,839,000 after acquiring an additional 4,600 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of MSA Safety by 184.5% in the third quarter. Wells Fargo & Company MN now owns 119,442 shares of the industrial products company’s stock valued at $9,496,000 after acquiring an additional 77,462 shares in the last quarter. First Trust Advisors LP lifted its position in shares of MSA Safety by 18.2% in the third quarter. First Trust Advisors LP now owns 34,261 shares of the industrial products company’s stock valued at $2,724,000 after acquiring an additional 5,265 shares in the last quarter. Martin & Co. Inc. TN lifted its position in MSA Safety by 57.1% during the third quarter. Martin & Co. Inc. TN now owns 31,760 shares of the industrial products company’s stock worth $2,525,000 after buying an additional 11,550 shares in the last quarter. Finally, Bristol County Savings Bank purchased a new position in MSA Safety during the fourth quarter worth approximately $327,000. Institutional investors and hedge funds own 68.57% of the company’s stock.
In related news, insider Kerry M. Bove sold 1,500 shares of MSA Safety stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $82.50, for a total transaction of $123,750.00. Following the transaction, the insider now owns 56,739 shares in the company, valued at $4,680,967.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 11.47% of the company’s stock.
MSA Safety (NYSE:MSA) last announced its quarterly earnings data on Tuesday, February 20th. The industrial products company reported $1.31 EPS for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.31. MSA Safety had a return on equity of 23.91% and a net margin of 2.17%. The firm had revenue of $346.00 million for the quarter, compared to the consensus estimate of $326.62 million. During the same quarter last year, the business posted $0.78 earnings per share. The firm’s revenue was up 16.9% compared to the same quarter last year. analysts forecast that MSA Safety Incorporated will post 4.09 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 10th. Investors of record on Wednesday, February 14th will be given a dividend of $0.35 per share. The ex-dividend date is Tuesday, February 13th. This represents a $1.40 dividend on an annualized basis and a yield of 1.71%. MSA Safety’s payout ratio is 215.39%.
A number of equities analysts recently commented on MSA shares. Zacks Investment Research upgraded MSA Safety from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a research report on Saturday. TheStreet downgraded MSA Safety from an “a-” rating to a “c+” rating in a research report on Tuesday, February 20th. Finally, Robert W. Baird upgraded MSA Safety from a “neutral” rating to an “outperform” rating and set a $89.00 price objective on the stock in a research report on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $90.00.
About MSA Safety
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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