Park National Corp OH Reduces Stake in MSA Safety Incorporated

Park National Corp OH has lowered its investment in MSA Safety Incorporated (NYSE:MSA – Free Report) by 9.2% during the fourth quarter. This information was revealed in their latest Form 13F filing with the Securities and Exchange Commission. After selling 175 shares, Park National Corp OH now owns 1,718 shares of this industrial products company. The total value of their holdings in MSA Safety was approximately $285,000 at the end of the last quarter.

In addition to Park National Corp OH, several other institutional investors have also adjusted their positions in MSA Safety. Notably, Blue Trust Inc. increased its holdings by a staggering 486.0% during the third quarter, acquiring an additional 209 shares to reach a total of 252 shares, valued at $47,000. Quarry LP made an impressive growth of 690.5%, accumulating 751 shares after purchasing 656 extra shares, bringing their total value to $133,000. Similarly, Covestor Ltd raised its holdings by an astonishing 985.1% in the same quarter, now owning 803 shares valued at $143,000 after adding another 729 shares. National Bank of Canada FI also entered the scene, acquiring a new position worth about $198,000, while Kowal Investment Group LLC acquired another new position in MSA Safety valued around $204,000. Overall, institutional investors and hedge funds now control 92.51% of the company’s stock.

Analysts' Predictions for MSA Safety

A variety of analysts have weighed in on MSA Safety's stock. B. Riley initiated coverage on the company on November 5, indicating a “buy” rating with a price target of $200.00. Jefferies Financial Group followed suit on December 12, also giving a “hold” rating and maintaining a price target of $200. On December 19, DA Davidson similarly recommended a “buy” rating, setting a target price of $195. According to MarketBeat.com, one analyst has given a hold rating, three have assigned a buy rating, and two have issued strong buy ratings. The overall consensus rating for the stock remains “Buy” with an average price target of $202.50.

MSA Safety Stock Performance

As of Thursday, shares of MSA Safety (NYSE:MSA) opened at $161.09. The company boasts a market capitalization of $6.33 billion, a P/E ratio of 23.28, and a beta of 1.00. Over the past year, MSA Safety has experienced a low of $158.91 and a high of $200.60. Financial metrics such as a debt-to-equity ratio of 0.48, a current ratio of 2.68, and a quick ratio of 1.56 provide insights into the company’s financial health. The stock has a 50-day simple moving average of $170.82 and a 200-day simple moving average of $176.60.

In its most recent earnings report dated October 23, MSA Safety announced earnings of $1.83 per share for the quarter, surpassing analysts' expectations of $1.78 by $0.05. Additionally, the company reported revenues of $432.68 million, which fell short of the projected $449.95 million. Despite these figures, MSA Safety achieved a return on equity of 29.14% and a net margin of 15.16%, although revenue was down 3.1% year over year when compared to the previous year’s quarter, where the earnings per share were reported at $1.78. Analysts predict a forward looking earnings per share of 7.66 for MSA Safety in the current year.

Dividend Information from MSA Safety

The company has also recently announced its quarterly dividend. Shareholders who were on record by November 15 received a dividend of $0.51 on December 10. This translates to an annualized dividend of $2.04, resulting in a yield of 1.27%. The ex-dividend date was also set for November 15, while MSA Safety’s payout ratio stands at 29.48%.

About MSA Safety Incorporated

MSA Safety Incorporated is engaged in designing, manufacturing, and supplying safety products and technology solutions aimed at protecting people and physical infrastructures across various sectors. These include fire services, energy, utilities, construction, and industrial manufacturing, as well as sectors related to heating, ventilation, air conditioning, and refrigeration on a global scale.

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For more insights into hedge fund actions regarding MSA, visit sites tracking 13F filings and insider trades.

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