MSA Safety Incorporated (MSA) Position Increased by SG Americas Securities LLC
SG Americas Securities LLC lifted its position in MSA Safety Incorporated (NYSE:MSA) by 294.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 14,546 shares of the industrial products company’s stock after buying an additional 10,858 shares during the period. SG Americas Securities LLC’s holdings in MSA Safety were worth $1,128,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MSA. State Street Corp increased its position in shares of MSA Safety by 39.7% in the 2nd quarter. State Street Corp now owns 2,931,757 shares of the industrial products company’s stock valued at $237,966,000 after buying an additional 833,603 shares in the last quarter. Neuberger Berman Group LLC increased its position in shares of MSA Safety by 248.2% in the 3rd quarter. Neuberger Berman Group LLC now owns 576,890 shares of the industrial products company’s stock valued at $45,869,000 after buying an additional 411,190 shares in the last quarter. Pictet Asset Management Ltd. increased its position in shares of MSA Safety by 54.3% in the 3rd quarter. Pictet Asset Management Ltd. now owns 500,054 shares of the industrial products company’s stock valued at $39,759,000 after buying an additional 176,054 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of MSA Safety by 8.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,402,315 shares of the industrial products company’s stock valued at $111,498,000 after buying an additional 114,540 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of MSA Safety by 184.5% in the 3rd quarter. Wells Fargo & Company MN now owns 119,442 shares of the industrial products company’s stock valued at $9,496,000 after buying an additional 77,462 shares in the last quarter. Institutional investors and hedge funds own 68.10% of the company’s stock.
In other MSA Safety news, insider Kerry M. Bove sold 1,500 shares of the stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $82.50, for a total transaction of $123,750.00. Following the completion of the transaction, the insider now owns 56,739 shares in the company, valued at approximately $4,680,967.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert A. Bruggeworth sold 2,623 shares of the stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $81.13, for a total transaction of $212,803.99. Following the transaction, the director now owns 24,096 shares of the company’s stock, valued at $1,954,908.48. The disclosure for this sale can be found here. In the last quarter, insiders have sold 88,790 shares of company stock valued at $7,106,723. Corporate insiders own 11.47% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Saturday, March 10th. Shareholders of record on Wednesday, February 14th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date is Tuesday, February 13th. MSA Safety’s dividend payout ratio (DPR) is presently 64.52%.
MSA has been the subject of a number of recent analyst reports. Robert W. Baird upped their price objective on shares of MSA Safety from $80.00 to $89.00 and gave the company a “neutral” rating in a research report on Sunday, October 22nd. Zacks Investment Research cut MSA Safety from a “hold” rating to a “sell” rating in a report on Friday, October 20th. Finally, Barrington Research reiterated a “market perform” rating on shares of MSA Safety in a report on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $89.00.
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MSA Safety Company Profile
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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