M&T Bank Corp Has $2.10 Million Stock Holdings in MSA Safety Incorporated (NYSE:MSA)

M&T Bank Corp increased its position in shares of MSA Safety Incorporated (NYSE:MSA) by 60.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,670 shares of the industrial products company’s stock after acquiring an additional 4,752 shares during the quarter. M&T Bank Corp’s holdings in MSA Safety were worth $2,100,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in MSA. Farther Finance Advisors LLC lifted its stake in shares of MSA Safety by 397.0% during the third quarter. Farther Finance Advisors LLC now owns 1,342 shares of the industrial products company’s stock valued at $238,000 after acquiring an additional 1,072 shares during the period. Covestor Ltd increased its holdings in MSA Safety by 985.1% in the third quarter. Covestor Ltd now owns 803 shares of the industrial products company’s stock valued at $143,000 after purchasing an additional 729 shares during the last quarter. Crossmark Global Holdings Inc. increased its holdings in MSA Safety by 32.2% in the third quarter. Crossmark Global Holdings Inc. now owns 3,172 shares of the industrial products company’s stock valued at $562,000 after purchasing an additional 772 shares during the last quarter. Entropy Technologies LP bought a new stake in MSA Safety in the third quarter valued at about $248,000. Finally, GSA Capital Partners LLP bought a new stake in MSA Safety in the third quarter valued at about $737,000. Institutional investors and hedge funds own 92.51% of the company’s stock.

MSA Safety Stock Down 0.4 %

Shares of MSA Safety stock opened at $157.75 on Monday. MSA Safety Incorporated has a 1 year low of $153.79 and a 1 year high of $200.60. The business has a 50-day moving average of $162.57 and a two-hundred day moving average of $169.58. The company has a market capitalization of $6.19 billion, a P/E ratio of 21.88 and a beta of 0.99. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.79 and a quick ratio of 1.76.

MSA Safety (NYSE:MSA) last posted its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.23 by $0.02. MSA Safety had a return on equity of 28.64% and a net margin of 15.76%. As a group, equities analysts predict that MSA Safety Incorporated will post 8.06 EPS for the current year.

MSA Safety Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be issued a dividend of $0.51 per share. The ex-dividend date is Friday, February 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.29%. MSA Safety’s payout ratio is presently 28.29%.

Wall Street Analyst Weigh In

A number of research firms recently commented on MSA. Robert W. Baird dropped their price objective on MSA Safety from $190.00 to $175.00 and set a “neutral” rating for the company in a report on Tuesday, February 18th. Jefferies Financial Group started coverage on MSA Safety in a report on Thursday, December 12th. They issued a “hold” rating and a $200.00 price objective for the company. Finally, DA Davidson started coverage on MSA Safety in a report on Thursday, December 19th. They issued a “buy” rating and a $195.00 price target for the company. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $197.00.

Insider Buying and Selling

In related news, CAO Jonathan D. Buck sold 717 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $159.00, for a total transaction of $114,003.00. Following the completion of the transaction, the chief accounting officer now directly owns 3,673 shares in the company, valued at approximately $584,007. This trade represents a 16.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.20% of the stock is owned by corporate insiders.

About MSA Safety

MSA Safety Incorporated develops, manufactures, and supplies safety products and technology solutions that protect people and facility infrastructures in the fire service, energy, utility, construction, and industrial manufacturing applications, as well as heating, ventilation, air conditioning, and refrigeration industries worldwide.