The MSA Safety Incorporporated (MSA) PT Raised to $89.00 at Robert W. Baird

The MSA Safety Incorporporated (MSA) PT Raised to $89.00 at Robert W. Baird

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

A number of other research analysts have also recently weighed in on MSA. BidaskClub cut MSA Safety Incorporporated from a hold rating to a sell rating in a report on Wednesday, July 19th. Stifel Nicolaus reiterated a buy rating and issued a $91.00 target price on shares of MSA Safety Incorporporated in a report on Friday, August 4th. Finally, Zacks Investment Research cut MSA Safety Incorporporated from a buy rating to a hold rating in a report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. MSA Safety Incorporporated has an average rating of Hold and an average price target of $89.75.

Shares of MSA Safety Incorporporated (NYSE:MSA) opened at 79.71 on Friday. The company has a 50 day moving average price of $77.08 and a 200 day moving average price of $76.84. MSA Safety Incorporporated has a 12-month low of $55.00 and a 12-month high of $85.80. The stock has a market cap of $3.04 billion, a P/E ratio of 40.16 and a beta of 1.64.

MSA Safety Incorporporated (NYSE:MSA) last issued its earnings results on Thursday, October 19th. The industrial products company reported $0.92 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.13. MSA Safety Incorporporated had a return on equity of 20.56% and a net margin of 7.32%. The firm had revenue of $296.13 million for the quarter, compared to analysts’ expectations of $298.47 million. During the same quarter last year, the firm earned $0.72 earnings per share. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. Analysts anticipate that MSA Safety Incorporporated will post $3.28 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, December 10th. Investors of record on Tuesday, November 14th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.76%. MSA Safety Incorporporated’s payout ratio is currently 64.52%.

In related news, VP Markus H. Weber sold 2,300 shares of MSA Safety Incorporporated stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $71.08, for a total value of $163,484.00. Following the transaction, the vice president now owns 13,801 shares in the company, valued at $980,975.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Markus H. Weber sold 5,811 shares of MSA Safety Incorporporated stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $72.80, for a total value of $423,040.80. Following the completion of the transaction, the vice president now owns 15,950 shares in the company, valued at approximately $1,161,160. The disclosure for this sale can be found here. Insiders sold 49,724 shares of company stock worth $3,642,145 in the last quarter. 11.47% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in MSA. UBS Asset Management Americas Inc. raised its position in MSA Safety Incorporporated by 47.9% in the first quarter. UBS Asset Management Americas Inc. now owns 15,222 shares of the industrial products company’s stock valued at $1,076,000 after purchasing an additional 4,931 shares during the period. Ameriprise Financial Inc. raised its position in MSA Safety Incorporporated by 14.3% in the first quarter. Ameriprise Financial Inc. now owns 94,315 shares of the industrial products company’s stock valued at $6,667,000 after purchasing an additional 11,807 shares during the period. Prudential Financial Inc. raised its position in MSA Safety Incorporporated by 36.6% in the first quarter. Prudential Financial Inc. now owns 27,652 shares of the industrial products company’s stock valued at $1,955,000 after purchasing an additional 7,410 shares during the period. SG Americas Securities LLC raised its position in MSA Safety Incorporporated by 242.4% in the first quarter. SG Americas Securities LLC now owns 6,705 shares of the industrial products company’s stock valued at $474,000 after purchasing an additional 4,747 shares during the period. Finally, OppenheimerFunds Inc. raised its position in MSA Safety Incorporporated by 35.0% in the first quarter. OppenheimerFunds Inc. now owns 4,790 shares of the industrial products company’s stock valued at $339,000 after purchasing an additional 1,243 shares during the period. 66.49% of the stock is currently owned by institutional investors.

About MSA Safety Incorporporated

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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