MSA Safety Incorporporated (NYSE:MSA) Price Target Raised to $220.00

MSA Safety Incorporporated (NYSE:MSA) had its target price upped by JPMorgan Chase & Co. from $210.00 to $220.00 in a report issued on Monday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the industrial products company’s stock.

Other equities research analysts have also issued reports about the company. B. Riley Financial lowered MSA Safety Incorporporated from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $210.00 to $195.00 in a research note on Monday. Robert W. Baird raised their price objective on MSA Safety Incorporporated from $197.00 to $215.00 and gave the stock a “neutral” rating in a research note on Monday. Wall Street Zen cut MSA Safety Incorporporated from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 25th. DA Davidson reduced their target price on shares of MSA Safety Incorporporated from $235.00 to $206.00 and set a “buy” rating for the company in a report on Monday, May 11th. Finally, Weiss Ratings upgraded shares of MSA Safety Incorporporated from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 17th. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, MSA Safety Incorporporated has an average rating of “Hold” and a consensus target price of $211.33.

MSA Safety Incorporporated Stock Down 0.1%

MSA stock opened at $193.11 on Monday. The business’s 50-day moving average is $169.69 and its two-hundred day moving average is $175.45. The company has a market cap of $7.45 billion, a price-to-earnings ratio of 24.02 and a beta of 0.94. MSA Safety Incorporporated has a fifty-two week low of $151.10 and a fifty-two week high of $208.92. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.02 and a current ratio of 3.24.

MSA Safety Incorporporated (NYSE:MSA) last issued its quarterly earnings data on Thursday, July 30th. The industrial products company reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.26. The firm had revenue of $503.33 million for the quarter, compared to analysts’ expectations of $496.27 million. MSA Safety Incorporporated had a net margin of 16.13% and a return on equity of 25.13%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.93 EPS. As a group, analysts forecast that MSA Safety Incorporporated will post 9.23 earnings per share for the current year.

MSA Safety Incorporporated Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 14th will be given a dividend of $0.54 per share. The ex-dividend date is Friday, August 14th. This represents a $2.16 annualized dividend and a dividend yield of 1.1%. MSA Safety Incorporporated’s dividend payout ratio (DPR) is currently 26.87%.

Insider Buying and Selling

In other MSA Safety Incorporporated news, CAO Jonathan D. Buck sold 469 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $191.00, for a total transaction of $89,579.00. Following the completion of the sale, the chief accounting officer directly owned 3,776 shares of the company’s stock, valued at $721,216. This trade represents a 11.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Julie A. Beck acquired 448 shares of MSA Safety Incorporporated stock in a transaction dated Thursday, June 11th. The shares were bought at an average price of $158.69 per share, for a total transaction of $71,093.12. Following the transaction, the chief financial officer owned 3,825 shares of the company’s stock, valued at approximately $606,989.25. The trade was a 13.27% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On MSA Safety Incorporporated

Hedge funds and other institutional investors have recently modified their holdings of the stock. Oppenheimer Asset Management Inc. bought a new stake in MSA Safety Incorporporated in the 2nd quarter valued at $1,771,000. Allied Private Wealth LLC bought a new position in shares of MSA Safety Incorporporated during the 2nd quarter valued at about $27,000. GAMMA Investing LLC boosted its holdings in shares of MSA Safety Incorporporated by 52.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,124 shares of the industrial products company’s stock valued at $196,000 after purchasing an additional 385 shares during the last quarter. Central Pacific Bank Trust Division purchased a new position in shares of MSA Safety Incorporporated during the second quarter valued at about $162,000. Finally, Moody National Bank Trust Division purchased a new position in shares of MSA Safety Incorporporated during the second quarter valued at about $200,000. Institutional investors own 92.51% of the company’s stock.

About MSA Safety Incorporporated

MSA Safety Incorporated develops, manufactures and supplies a wide range of safety products designed to protect workers in hazardous environments. The company’s offerings span personal protective equipment such as industrial helmets, face shields, protective clothing and fall protection devices, as well as fixed and portable gas detection and monitoring systems. MSA’s products are used in industries including oil and gas, mining, construction, fire service, and chemical processing to guard against risks such as gas leaks, impacts, flame exposure and falls from height.

Key product lines include self-contained breathing apparatus (SCBA) and air-purifying respirators, gas detectors and sensors, head and face protection, and fall arrest systems.