Edgestream Partners L.P. Sells 37,336 Shares of MSA Safety Incorporporated (NYSE:MSA)

Edgestream Partners L.P. reduced its stake in shares of MSA Safety Incorporporated (NYSE:MSA - Free Report) by 87.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,443 shares of the industrial products company's stock after selling 37,336 shares during the quarter. Edgestream Partners L.P.'s holdings in MSA Safety Incorporporated were worth $798,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Avantax Advisory Services Inc. acquired a new position in MSA Safety Incorporporated in the fourth quarter valued at approximately $282,000. Commonwealth Equity Services LLC grew its stake in MSA Safety Incorporporated by 12.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 10,091 shares of the industrial products company's stock worth $1,673,000 after buying an additional 1,099 shares during the last quarter. Natixis Advisors LLC bought a new stake in MSA Safety Incorporporated in the fourth quarter valued at $1,844,000. Xponance Inc. grew its position in shares of MSA Safety Incorporporated by 5.4% during the fourth quarter. Xponance Inc. now owns 4,387 shares of the industrial products company's stock worth $727,000 after acquiring an additional 226 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of MSA Safety Incorporporated by 38.8% in the 4th quarter. American Century Companies Inc. now owns 56,365 shares of the industrial products company's stock worth $9,344,000 after acquiring an additional 15,761 shares during the period. 92.51% of the stock is owned by institutional investors and hedge funds.

Insider Activity at MSA Safety Incorporporated

In other MSA Safety Incorporporated news, Chairman Nishan J. Vartanian sold 30,000 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $161.32, for a total value of $4,839,600.00. Following the sale, the chairman owned 35,401 shares in the company, valued at $5,710,889.32. This represents a 45.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MSA. B. Riley reaffirmed a "buy" rating and issued a $195.00 price target (down from $200.00) on shares of MSA Safety Incorporporated in a research note on Thursday, May 1st. Stifel Nicolaus assumed coverage on MSA Safety Incorporporated in a research note on Wednesday, July 16th. They issued a "hold" rating and a $182.00 price target on the stock. Robert W. Baird set a $166.00 target price on MSA Safety Incorporporated in a report on Monday, May 5th. DA Davidson raised their price target on shares of MSA Safety Incorporporated from $183.00 to $203.00 and gave the stock a "buy" rating in a report on Tuesday. Finally, Wall Street Zen downgraded shares of MSA Safety Incorporporated from a "buy" rating to a "hold" rating in a research report on Friday. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $189.20.

MSA Safety Incorporporated Stock Performance

Shares of MSA stock traded up $2.88 during mid-day trading on Tuesday, reaching $176.94. The stock had a trading volume of 94,890 shares, compared to its average volume of 187,899. The firm has a market cap of $6.96 billion, a PE ratio of 24.41 and a beta of 0.95. The company has a quick ratio of 1.84, a current ratio of 2.94 and a debt-to-equity ratio of 0.40. MSA Safety Incorporporated has a one year low of $127.86 and a one year high of $197.02. The firm's 50 day simple moving average is $166.47 and its 200 day simple moving average is $159.21.

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

MSA Safety Incorporporated Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were paid a $0.53 dividend. The ex-dividend date was Thursday, May 15th. This is a boost from MSA Safety Incorporporated's previous quarterly dividend of $0.51. This represents a $2.12 annualized dividend and a dividend yield of 1.20%. MSA Safety Incorporporated's dividend payout ratio (DPR) is currently 29.24%.

About MSA Safety Incorporporated

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.