PNC Financial Services Group Inc. Sells 342 Shares of MSA Safety Incorporated (NYSE:MSA)

PNC Financial Services Group Inc. reduced its stake in shares of MSA Safety Incorporated (NYSE:MSA) by 0.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 91,014 shares of the industrial products company’s stock after selling 342 shares during the period. PNC Financial Services Group Inc. owned about 0.23% of MSA Safety worth $16,140,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in MSA Safety in the 3rd quarter valued at $260,000. Quest Partners LLC raised its holdings in shares of MSA Safety by 270,025.0% in the third quarter. Quest Partners LLC now owns 10,805 shares of the industrial products company’s stock valued at $1,916,000 after purchasing an additional 10,801 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in shares of MSA Safety by 3.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 9,245 shares of the industrial products company’s stock worth $1,640,000 after buying an additional 300 shares in the last quarter. Mutual of America Capital Management LLC grew its holdings in shares of MSA Safety by 0.3% in the third quarter. Mutual of America Capital Management LLC now owns 21,267 shares of the industrial products company’s stock valued at $3,771,000 after acquiring an additional 71 shares in the last quarter. Finally, ING Groep NV purchased a new stake in shares of MSA Safety during the third quarter valued at approximately $1,011,000. 92.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MSA has been the subject of several research analyst reports. Stifel Nicolaus raised their target price on MSA Safety from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, July 26th. B. Riley initiated coverage on shares of MSA Safety in a research report on Tuesday, November 5th. They set a “buy” rating and a $200.00 target price for the company.

MSA Safety Price Performance

MSA opened at $171.78 on Friday. The firm has a 50-day moving average price of $173.07 and a 200-day moving average price of $179.65. MSA Safety Incorporated has a twelve month low of $160.02 and a twelve month high of $200.60. The company has a quick ratio of 1.56, a current ratio of 2.68 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $6.75 billion, a price-to-earnings ratio of 24.82 and a beta of 0.99.

MSA Safety (NYSE:MSA) last issued its earnings results on Wednesday, October 23rd. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.05. The business had revenue of $432.68 million for the quarter, compared to analysts’ expectations of $449.95 million. MSA Safety had a net margin of 15.16% and a return on equity of 29.14%. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.78 EPS. Equities analysts expect that MSA Safety Incorporated will post 7.64 EPS for the current year.

MSA Safety Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Friday, November 15th. MSA Safety’s payout ratio is presently 29.48%.

MSA Safety 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.