Teachers Retirement System of The State of Kentucky Lowers Stake in MSA Safety Incorporated (NYSE:MSA)

Teachers Retirement System of The State of Kentucky lessened its position in MSA Safety Incorporated (NYSE:MSA) by 13.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,805 shares of the industrial products company’s stock after selling 5,800 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in MSA Safety were worth $6,907,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in MSA. Ameritas Investment Partners Inc. increased its position in shares of MSA Safety by 0.4% during the 1st quarter. Ameritas Investment Partners Inc. now owns 17,756 shares of the industrial products company’s stock valued at $3,437,000 after purchasing an additional 65 shares during the last quarter. Moody National Bank Trust Division lifted its holdings in shares of MSA Safety by 7.3% in the 2nd quarter. Moody National Bank Trust Division now owns 1,330 shares of the industrial products company’s stock worth $250,000 after acquiring an additional 90 shares during the last quarter. CWM LLC boosted its stake in shares of MSA Safety by 50.7% in the 1st quarter. CWM LLC now owns 306 shares of the industrial products company’s stock valued at $59,000 after purchasing an additional 103 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of MSA Safety by 1.6% during the 2nd quarter. Bank of Montreal Can now owns 6,845 shares of the industrial products company’s stock valued at $1,307,000 after purchasing an additional 109 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in MSA Safety by 1.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,814 shares of the industrial products company’s stock worth $1,467,000 after purchasing an additional 147 shares during the period. Institutional investors own 92.51% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Nishan J. Vartanian sold 3,945 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $189.00, for a total transaction of $745,605.00. Following the sale, the chief executive officer now owns 31,953 shares in the company, valued at approximately $6,039,117. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 6.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

MSA has been the topic of several analyst reports. Stifel Nicolaus lifted their price objective on MSA Safety from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, July 26th. William Blair raised MSA Safety to a “strong-buy” rating in a research note on Tuesday, July 16th.

MSA Safety Stock Up 1.1 %

NYSE MSA opened at $173.58 on Thursday. MSA Safety Incorporated has a 1 year low of $147.35 and a 1 year high of $200.60. The stock has a market capitalization of $6.84 billion, a PE ratio of 25.72 and a beta of 0.99. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.45 and a quick ratio of 1.54. The business’s 50-day moving average is $178.57 and its 200 day moving average is $184.08.

MSA Safety (NYSE:MSA) last announced its earnings results on Wednesday, July 24th. The industrial products company reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $1.97 by $0.04. The company had revenue of $462.46 million during the quarter, compared to the consensus estimate of $461.30 million. MSA Safety had a return on equity of 30.64% and a net margin of 14.97%. Sell-side analysts forecast that MSA Safety Incorporated will post 7.75 earnings per share for the current year.

MSA Safety Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend was Thursday, August 15th. MSA Safety’s payout ratio is presently 30.22%.

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.