Texas Permanent School Fund cut its holdings in shares of MSA Safety Incorporated (NYSE:MSA) by 7.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 22,881 shares of the industrial products company’s stock after selling 1,931 shares during the quarter. Texas Permanent School Fund’s holdings in MSA Safety were worth $1,774,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sit Investment Associates Inc. lifted its stake in MSA Safety by 24.1% during the 4th quarter. Sit Investment Associates Inc. now owns 23,725 shares of the industrial products company’s stock worth $1,839,000 after acquiring an additional 4,600 shares in the last quarter. Wells Fargo & Company MN lifted its stake in MSA Safety by 184.5% during the 3rd quarter. Wells Fargo & Company MN now owns 119,442 shares of the industrial products company’s stock worth $9,496,000 after acquiring an additional 77,462 shares in the last quarter. First Trust Advisors LP lifted its stake in MSA Safety by 18.2% during the 3rd quarter. First Trust Advisors LP now owns 34,261 shares of the industrial products company’s stock worth $2,724,000 after acquiring an additional 5,265 shares in the last quarter. Martin & Co. Inc. TN lifted its stake in MSA Safety by 57.1% during the 3rd quarter. Martin & Co. Inc. TN now owns 31,760 shares of the industrial products company’s stock worth $2,525,000 after acquiring an additional 11,550 shares in the last quarter. Finally, FDx Advisors Inc. acquired a new position in MSA Safety during the 3rd quarter worth about $315,000. Institutional investors and hedge funds own 67.91% of the company’s stock.

Shares of MSA Safety Incorporated (NYSE:MSA) opened at $72.77 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.11 and a quick ratio of 1.52. The stock has a market capitalization of $2,839.85, a PE ratio of 23.86 and a beta of 1.62. MSA Safety Incorporated has a 12-month low of $65.95 and a 12-month high of $86.36.

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 10th. Shareholders of record on Wednesday, February 14th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date is Tuesday, February 13th. MSA Safety’s dividend payout ratio is currently 64.52%.

MSA has been the topic of several research reports. Robert W. Baird increased their target price on MSA Safety from $80.00 to $89.00 and gave the stock a “neutral” rating in a research note on Sunday, October 22nd. Zacks Investment Research lowered MSA Safety from a “hold” rating to a “sell” rating in a research report on Friday, October 20th. Finally, Barrington Research reaffirmed a “market perform” rating on shares of MSA Safety in a research report on Monday, October 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. MSA Safety currently has an average rating of “Hold” and a consensus price target of $89.00.

In other MSA Safety news, Chairman William M. Lambert sold 17,944 shares of the stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $79.57, for a total value of $1,427,804.08. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Kerry M. Bove sold 1,500 shares of the stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $82.50, for a total value of $123,750.00. Following the completion of the sale, the insider now directly owns 56,739 shares in the company, valued at approximately $4,680,967.50. The disclosure for this sale can be found here. Insiders sold a total of 88,790 shares of company stock worth $7,106,723 in the last ninety days. 15.53% of the stock is owned by corporate insiders.

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About MSA Safety

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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Institutional Ownership by Quarter for MSA Safety (NYSE:MSA)

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