M&T Bank Corp Has $2.10 Million Stock Holdings in MSA Safety Incorporated (NYSE:MSA)

M&T Bank Corp boosted its stake in shares of MSA Safety Incorporated (NYSE:MSA) by 60.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 12,670 shares of the industrial products company’s stock after buying an additional 4,752 shares during the quarter. M&T Bank Corp’s holdings in MSA Safety were worth $2,100,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. ORG Partners LLC acquired a new position in MSA Safety during the fourth quarter valued at approximately $1,131,000. Redmond Asset Management LLC acquired a new position in MSA Safety during the fourth quarter valued at approximately $362,000. Anchor Capital Advisors LLC lifted its position in shares of MSA Safety by 18.8% in the fourth quarter. Anchor Capital Advisors LLC now owns 10,700 shares of the industrial products company’s stock valued at $1,774,000 after buying an additional 1,694 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of MSA Safety by 27.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 124,041 shares of the industrial products company’s stock valued at $20,468,000 after buying an additional 26,470 shares during the last quarter. Finally, Great Valley Advisor Group Inc. lifted its position in shares of MSA Safety by 67.6% in the third quarter. Great Valley Advisor Group Inc. now owns 23,385 shares of the industrial products company’s stock valued at $4,147,000 after buying an additional 9,433 shares during the last quarter. 92.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other MSA Safety news, CAO Jonathan D. Buck sold 717 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $159.00, for a total transaction of $114,003.00. Following the transaction, the chief accounting officer now owns 3,673 shares in the company, valued at $584,007. This trade represents a 16.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 6.20% of the stock is currently owned by insiders.

MSA Safety Stock Performance

NYSE:MSA opened at $157.75 on Monday. The stock has a market cap of $6.19 billion, a P/E ratio of 21.88 and a beta of 0.99. The stock has a 50 day simple moving average of $162.57 and a 200 day simple moving average of $169.58. The company has a current ratio of 2.79, a quick ratio of 1.76 and a debt-to-equity ratio of 0.42. MSA Safety Incorporated has a 1-year low of $153.79 and a 1-year high of $200.60.

MSA Safety (NYSE:MSA) last released its quarterly earnings results on Wednesday, February 12th. The industrial products company reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.02. MSA Safety had a return on equity of 28.64% and a net margin of 15.76%. Research analysts anticipate that MSA Safety Incorporated will post 8.06 earnings per share for the current year.

MSA Safety Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be issued a dividend of $0.51 per share. The ex-dividend date is Friday, February 14th. This represents a $2.04 annualized dividend and a yield of 1.29%. MSA Safety’s payout ratio is currently 28.29%.

Wall Street Analysts Forecast Growth

MSA has been the subject of a number of recent analyst reports. DA Davidson initiated coverage on MSA Safety in a research report on Thursday, December 19th. They issued a “buy” rating and a $195.00 price objective for the company. Jefferies Financial Group initiated coverage on MSA Safety in a research report on Thursday, December 12th. They issued a “hold” rating and a $200.00 price objective for the company. Finally, Robert W. Baird cut their price objective on MSA Safety from $190.00 to $175.00 and set a “neutral” rating for the company in a research report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, MSA Safety has a consensus rating of “Buy” and a consensus price target of $197.00.

About MSA Safety

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.