Hsbc Holdings PLC decreased its stake in shares of MSA Safety Inc (NYSE:MSA) by 22.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,858 shares of the industrial products company’s stock after selling 7,083 shares during the period. Hsbc Holdings PLC owned approximately 0.06% of MSA Safety worth $2,344,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. lifted its position in MSA Safety by 1.7% during the 4th quarter. BlackRock Inc. now owns 4,017,620 shares of the industrial products company’s stock valued at $378,741,000 after acquiring an additional 65,504 shares during the period. Vanguard Group Inc. lifted its position in MSA Safety by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 3,459,763 shares of the industrial products company’s stock valued at $368,257,000 after acquiring an additional 64,529 shares during the period. Vanguard Group Inc lifted its position in MSA Safety by 1.9% during the 3rd quarter. Vanguard Group Inc now owns 3,459,763 shares of the industrial products company’s stock valued at $368,257,000 after acquiring an additional 64,529 shares during the period. Neuberger Berman Group LLC lifted its position in MSA Safety by 22.7% during the 3rd quarter. Neuberger Berman Group LLC now owns 1,119,255 shares of the industrial products company’s stock valued at $119,134,000 after acquiring an additional 206,920 shares during the period. Finally, Pictet Asset Management Ltd. lifted its position in MSA Safety by 11.0% during the 3rd quarter. Pictet Asset Management Ltd. now owns 992,270 shares of the industrial products company’s stock valued at $105,617,000 after acquiring an additional 98,431 shares during the period. 72.49% of the stock is currently owned by hedge funds and other institutional investors.
Shares of MSA Safety stock opened at $102.88 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.33 and a quick ratio of 1.77. The stock has a market capitalization of $3.96 billion, a price-to-earnings ratio of 22.86 and a beta of 1.31. MSA Safety Inc has a 52-week low of $80.08 and a 52-week high of $110.83.
The company also recently announced a quarterly dividend, which was paid on Sunday, March 10th. Shareholders of record on Tuesday, February 19th were issued a $0.38 dividend. The ex-dividend date of this dividend was Friday, February 15th. This represents a $1.52 annualized dividend and a yield of 1.48%. MSA Safety’s dividend payout ratio (DPR) is presently 33.78%.
In other news, insider William M. Lambert sold 24,592 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $103.50, for a total transaction of $2,545,272.00. Following the completion of the transaction, the insider now directly owns 56,734 shares of the company’s stock, valued at $5,871,969. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director L Edward Shaw, Jr. sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 27th. The shares were sold at an average price of $104.02, for a total transaction of $5,201,000.00. Following the transaction, the director now directly owns 467,238 shares of the company’s stock, valued at $48,602,096.76. The disclosure for this sale can be found here. 9.90% of the stock is currently owned by insiders.
MSA has been the subject of a number of recent research reports. ValuEngine raised shares of MSA Safety from a “hold” rating to a “buy” rating in a research report on Friday, December 21st. Stifel Nicolaus reissued a “buy” rating and set a $115.00 price target on shares of MSA Safety in a research report on Wednesday, December 19th. Zacks Investment Research raised shares of MSA Safety from a “sell” rating to a “hold” rating in a research report on Saturday, February 16th. Robert W. Baird reaffirmed a “hold” rating and issued a $105.00 target price on shares of MSA Safety in a report on Friday, February 22nd. Finally, William Blair began coverage on shares of MSA Safety in a report on Thursday, January 10th. They issued a “market perform” rating and a $98.30 target price for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $106.10.
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MSA Safety Profile
MSA Safety Incorporated develops, manufactures, and supplies safety products that protect people and facility infrastructures in the oil, gas, petrochemical, fire service, construction, utilities, and mining industries worldwide. It operates through Americas and International segments. The company's core product offerings include permanently installed fixed gas and flame detection instruments, such as permanently installed gas detection monitoring systems, and flame detectors and open-path infrared gas detectors, as well as replacement components and related services to detect the presence or absence of various gases in the air.
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