Bank of New York Mellon Corp Has $112.14 Million Stake in MSA Safety Incorporporated (NYSE:MSA)

Bank of New York Mellon Corp decreased its position in MSA Safety Incorporporated (NYSE:MSA - Free Report) by 0.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 764,491 shares of the industrial products company's stock after selling 3,143 shares during the period. Bank of New York Mellon Corp owned approximately 1.95% of MSA Safety Incorporporated worth $112,143,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC grew its position in MSA Safety Incorporporated by 39.4% in the 1st quarter. GAMMA Investing LLC now owns 269 shares of the industrial products company's stock worth $39,000 after purchasing an additional 76 shares during the last quarter. UMB Bank n.a. grew its position in MSA Safety Incorporporated by 54.4% in the 1st quarter. UMB Bank n.a. now owns 281 shares of the industrial products company's stock worth $41,000 after purchasing an additional 99 shares during the last quarter. Fifth Third Bancorp grew its position in MSA Safety Incorporporated by 24.7% in the 1st quarter. Fifth Third Bancorp now owns 682 shares of the industrial products company's stock worth $100,000 after purchasing an additional 135 shares during the last quarter. Covestor Ltd grew its position in MSA Safety Incorporporated by 8.2% in the 4th quarter. Covestor Ltd now owns 869 shares of the industrial products company's stock worth $144,000 after purchasing an additional 66 shares during the last quarter. Finally, Versant Capital Management Inc bought a new position in MSA Safety Incorporporated in the 1st quarter worth about $165,000. Institutional investors own 92.51% of the company's stock.

Insider Buying and Selling

In related news, Chairman Nishan J. Vartanian sold 30,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $161.32, for a total value of $4,839,600.00. Following the completion of the transaction, the chairman owned 35,401 shares of the company's stock, valued at approximately $5,710,889.32. This trade represents a 45.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.70% of the stock is currently owned by corporate insiders.

MSA Safety Incorporporated Price Performance

MSA stock traded down $2.12 on Friday, hitting $172.87. 87,227 shares of the company's stock traded hands, compared to its average volume of 188,316. MSA Safety Incorporporated has a 1-year low of $127.86 and a 1-year high of $200.61. The stock has a market cap of $6.80 billion, a price-to-earnings ratio of 23.84 and a beta of 0.95. The stock has a fifty day moving average of $164.56 and a 200-day moving average of $158.89. The company has a current ratio of 2.94, a quick ratio of 1.84 and a debt-to-equity ratio of 0.40.

MSA Safety Incorporporated (NYSE:MSA - Get Free Report) last released its earnings results on Tuesday, April 29th. The industrial products company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.59 by $0.09. MSA Safety Incorporporated had a net margin of 15.77% and a return on equity of 27.65%. The business had revenue of $421.34 million during the quarter, compared to analyst estimates of $402.60 million. During the same period in the prior year, the business earned $1.61 earnings per share. The business's quarterly revenue was up 1.9% on a year-over-year basis. On average, analysts forecast that MSA Safety Incorporporated will post 8.06 EPS for the current fiscal year.

MSA Safety Incorporporated Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were paid a dividend of $0.53 per share. The ex-dividend date was Thursday, May 15th. This is a positive change from MSA Safety Incorporporated's previous quarterly dividend of $0.51. This represents a $2.12 annualized dividend and a yield of 1.23%. MSA Safety Incorporporated's dividend payout ratio is currently 29.24%.

Analysts Set New Price Targets

Several research analysts have commented on MSA shares. B. Riley restated a "buy" rating and issued a $195.00 target price (down previously from $200.00) on shares of MSA Safety Incorporporated in a research report on Thursday, May 1st. Wall Street Zen upgraded shares of MSA Safety Incorporporated from a "hold" rating to a "buy" rating in a report on Friday, June 27th. DA Davidson decreased their price objective on shares of MSA Safety Incorporporated from $188.00 to $183.00 and set a "buy" rating for the company in a report on Monday, May 5th. Finally, Robert W. Baird set a $166.00 price objective on shares of MSA Safety Incorporporated in a report on Monday, May 5th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $191.80.

MSA Safety Incorporporated Profile

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.