MSA Safety Incorporporated (NYSE:MSA) Price Target Raised to $215.00

MSA Safety Incorporporated (NYSE:MSA) had its price target lifted by Robert W. Baird from $197.00 to $215.00 in a research note published on Monday,Benzinga reports. Robert W. Baird currently has a neutral rating on the industrial products company’s stock.

Other equities research analysts have also issued reports about the stock. Weiss Ratings upgraded shares of MSA Safety Incorporporated from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 17th. DA Davidson lowered their price objective on shares of MSA Safety Incorporporated from $235.00 to $206.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. Finally, Wall Street Zen downgraded shares of MSA Safety Incorporporated from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 25th. One equities research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, MSA Safety Incorporporated has a consensus rating of “Hold” and a consensus target price of $211.33.

MSA Safety Incorporporated Price Performance

MSA Safety Incorporporated stock opened at $193.11 on Monday. The stock has a market cap of $7.45 billion, a price-to-earnings ratio of 24.02 and a beta of 0.94. The company has a quick ratio of 2.02, a current ratio of 3.24 and a debt-to-equity ratio of 0.42. The business has a 50-day simple moving average of $169.69 and a 200 day simple moving average of $175.45. MSA Safety Incorporporated has a 52 week low of $151.10 and a 52 week high of $208.92.

MSA Safety Incorporporated (NYSE:MSA) last released its quarterly earnings results on Thursday, July 30th. The industrial products company reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.26. MSA Safety Incorporporated had a return on equity of 25.13% and a net margin of 16.13%.The firm had revenue of $503.33 million for the quarter, compared to analysts’ expectations of $496.27 million. During the same quarter last year, the firm posted $1.93 EPS. The company’s revenue was up 6.2% compared to the same quarter last year. On average, research analysts forecast that MSA Safety Incorporporated will post 9.23 earnings per share for the current fiscal year.

MSA Safety Incorporporated Dividend Announcement

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

Insiders Place Their Bets

In other MSA Safety Incorporporated news, CAO Jonathan D. Buck sold 469 shares of the business’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 completion of the sale, the chief accounting officer directly owned 3,776 shares of the company’s stock, valued at $721,216. The trade was a 11.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Julie A. Beck acquired 448 shares of MSA Safety Incorporporated stock in a transaction dated Thursday, June 11th. The shares were bought at an average cost of $158.69 per share, for a total transaction of $71,093.12. Following the completion of the purchase, the chief financial officer directly owned 3,825 shares of the company’s stock, valued at approximately $606,989.25. The trade was a 13.27% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.70% of the stock is owned by company insiders.

Institutional Trading of MSA Safety Incorporporated

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada increased its stake in shares of MSA Safety Incorporporated by 39.8% in the first quarter. Royal Bank of Canada now owns 47,391 shares of the industrial products company’s stock worth $6,953,000 after buying an additional 13,501 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in MSA Safety Incorporporated during the 1st quarter valued at $501,000. Jane Street Group LLC grew its holdings in MSA Safety Incorporporated by 44.7% in the 1st quarter. Jane Street Group LLC now owns 4,401 shares of the industrial products company’s stock worth $646,000 after acquiring an additional 1,359 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of MSA Safety Incorporporated by 94.1% in the second quarter. EverSource Wealth Advisors LLC now owns 198 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 96 shares during the period. Finally, Baird Financial Group Inc. increased its position in shares of MSA Safety Incorporporated by 31.5% in the second quarter. Baird Financial Group Inc. now owns 2,757 shares of the industrial products company’s stock valued at $462,000 after acquiring an additional 661 shares during the period. Institutional investors own 92.51% of the company’s stock.

MSA Safety Incorporporated Company Profile

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.