Csenge Advisory Group acquired a new position in shares of MSA Safety Inc (NYSE:MSA) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,082 shares of the industrial products company’s stock, valued at approximately $263,000.
Other large investors also recently bought and sold shares of the company. Huntington National Bank acquired a new position in MSA Safety during the fourth quarter worth $71,000. Birch Hill Investment Advisors LLC acquired a new position in MSA Safety during the fourth quarter worth $227,000. Great Lakes Advisors LLC raised its position in MSA Safety by 6.1% during the third quarter. Great Lakes Advisors LLC now owns 2,056 shares of the industrial products company’s stock worth $224,000 after acquiring an additional 119 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in MSA Safety by 8.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,260 shares of the industrial products company’s stock worth $247,000 after acquiring an additional 182 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in MSA Safety by 5.5% during the third quarter. Janney Montgomery Scott LLC now owns 2,389 shares of the industrial products company’s stock worth $261,000 after acquiring an additional 125 shares during the period. Institutional investors own 75.76% of the company’s stock.
In other news, VP Douglas K. Mcclaine sold 8,500 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $126.43, for a total transaction of $1,074,655.00. Following the completion of the sale, the vice president now owns 16,553 shares of the company’s stock, valued at $2,092,795.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 9.12% of the stock is owned by corporate insiders.
MSA has been the subject of a number of research analyst reports. Sidoti upped their price objective on shares of MSA Safety from $109.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Zacks Investment Research cut shares of MSA Safety from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th.
MSA Safety stock opened at $140.51 on Thursday. MSA Safety Inc has a 52-week low of $96.01 and a 52-week high of $141.64. The firm has a market capitalization of $5.43 billion, a price-to-earnings ratio of 42.32 and a beta of 1.10. The company has a fifty day simple moving average of $134.01 and a 200-day simple moving average of $118.68. The company has a quick ratio of 1.88, a current ratio of 2.62 and a debt-to-equity ratio of 0.56.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Wednesday, February 12th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Tuesday, February 11th. MSA Safety’s payout ratio is 37.33%.
MSA Safety Company Profile
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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