ValuEngine cut shares of MSA Safety (NYSE:MSA) from a buy rating to a hold rating in a research report sent to investors on Friday.

Shares of NYSE:MSA opened at $99.36 on Friday. The company has a market cap of $3.82 billion, a P/E ratio of 25.67 and a beta of 1.29. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.59 and a current ratio of 2.19. MSA Safety has a 12-month low of $71.47 and a 12-month high of $110.83.

MSA Safety (NYSE:MSA) last announced its earnings results on Wednesday, October 24th. The industrial products company reported $1.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.11. The company had revenue of $331.10 million for the quarter, compared to analysts’ expectations of $325.53 million. MSA Safety had a return on equity of 28.12% and a net margin of 4.94%. As a group, research analysts predict that MSA Safety will post 4.52 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Wednesday, November 14th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Tuesday, November 13th. This represents a $1.52 annualized dividend and a dividend yield of 1.53%. MSA Safety’s payout ratio is 39.28%.

In other MSA Safety news, insider William M. Lambert sold 10,137 shares of the business’s stock in a transaction on Wednesday, November 28th. The stock was sold at an average price of $105.97, for a total value of $1,074,217.89. Following the transaction, the insider now owns 42,147 shares of the company’s stock, valued at $4,466,317.59. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Douglas K. Mcclaine sold 10,568 shares of the business’s stock in a transaction on Tuesday, October 30th. The stock was sold at an average price of $106.61, for a total value of $1,126,654.48. Following the completion of the transaction, the insider now directly owns 32,499 shares in the company, valued at approximately $3,464,718.39. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 35,226 shares of company stock worth $3,755,082. 9.90% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of the business. Janney Montgomery Scott LLC acquired a new position in MSA Safety in the second quarter valued at $226,000. Comerica Bank increased its stake in MSA Safety by 160.7% in the second quarter. Comerica Bank now owns 69,165 shares of the industrial products company’s stock valued at $6,771,000 after purchasing an additional 42,638 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in MSA Safety in the second quarter valued at $887,000. Cypress Wealth Services LLC acquired a new position in MSA Safety in the second quarter valued at $253,000. Finally, Rhumbline Advisers increased its stake in MSA Safety by 2.9% in the second quarter. Rhumbline Advisers now owns 72,282 shares of the industrial products company’s stock valued at $6,964,000 after purchasing an additional 2,049 shares during the period. 72.13% of the stock is currently owned by institutional investors and hedge funds.

About MSA Safety

MSA Safety Incorporated develops, manufactures, and supplies safety products that protect people and facility infrastructures in the oil, gas, petrochemical, fire service, construction, utilities, and mining industries worldwide. It operates through Americas and International segments. The company's core product offerings include permanently installed fixed gas and flame detection instruments, such as permanently installed gas detection monitoring systems, and flame detectors and open-path infrared gas detectors, as well as replacement components and related services to detect the presence or absence of various gases in the air.

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