Park National Corp OH Lowers Stock Position in MSA Safety Incorporated (NYSE:MSA)

Park National Corp OH reduced its holdings in MSA Safety Incorporated (NYSE:MSA) by 9.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,718 shares of the industrial products company’s stock after selling 175 shares during the period. Park National Corp OH’s holdings in MSA Safety were worth $285,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of MSA. Blue Trust Inc. increased its position in shares of MSA Safety by 486.0% during the third quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock worth $47,000 after purchasing an additional 209 shares in the last quarter. Quarry LP grew its holdings in shares of MSA Safety by 690.5% during the third quarter. Quarry LP now owns 751 shares of the industrial products company’s stock worth $133,000 after buying an additional 656 shares in the last quarter. Covestor Ltd raised its position in shares of MSA Safety by 985.1% in the third quarter. Covestor Ltd now owns 803 shares of the industrial products company’s stock valued at $143,000 after buying an additional 729 shares during the last quarter. National Bank of Canada FI purchased a new position in shares of MSA Safety in the third quarter worth about $198,000. Finally, Kowal Investment Group LLC acquired a new position in MSA Safety during the second quarter worth about $204,000. Institutional investors and hedge funds own 92.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. B. Riley assumed coverage on shares of MSA Safety in a report on Tuesday, November 5th. They issued a “buy” rating and a $200.00 price objective for the company. Jefferies Financial Group assumed coverage on MSA Safety in a research report on Thursday, December 12th. They set a “hold” rating and a $200.00 price objective on the stock. Finally, DA Davidson assumed coverage on MSA Safety in a research note on Thursday, December 19th. They set a “buy” rating and a $195.00 price objective on the stock. One analyst has rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $202.50.

MSA Safety Stock Up 0.6 %

Shares of NYSE MSA opened at $161.09 on Thursday. The company has a market capitalization of $6.33 billion, a P/E ratio of 23.28 and a beta of 1.00. MSA Safety Incorporated has a 1 year low of $158.91 and a 1 year high of $200.60. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.68 and a quick ratio of 1.56. The company has a 50 day simple moving average of $170.82 and a 200-day simple moving average of $176.60.

MSA Safety (NYSE:MSA) last posted its earnings results on Wednesday, October 23rd. The industrial products company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.05. The company had revenue of $432.68 million for the quarter, compared to the consensus estimate of $449.95 million. MSA Safety had a return on equity of 29.14% and a net margin of 15.16%. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.78 earnings per share. On average, equities research analysts predict that MSA Safety Incorporated will post 7.66 earnings per share for the current year.

MSA Safety Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date was Friday, November 15th. MSA Safety’s payout ratio is 29.48%.

MSA Safety Company 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.