Mine Safety Appliances (NYSE:MSA) COO Nishan J. Vartanian sold 7,000 shares of the business’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $83.49, for a total value of $584,430.00. Following the sale, the chief operating officer now owns 25,260 shares in the company, valued at approximately $2,108,957.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
MSA stock opened at $82.87 on Friday. Mine Safety Appliances has a 12-month low of $65.95 and a 12-month high of $87.31. The company has a market capitalization of $3,233.96, a PE ratio of 22.86 and a beta of 1.46. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.15 and a quick ratio of 1.62.
Mine Safety Appliances (NYSE:MSA) last announced its quarterly earnings data on Tuesday, February 20th. The industrial products company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.31. Mine Safety Appliances had a return on equity of 23.91% and a net margin of 2.17%. The business had revenue of $346.00 million during the quarter, compared to analyst estimates of $326.62 million. During the same period in the prior year, the company earned $0.78 earnings per share. Mine Safety Appliances’s revenue was up 16.9% compared to the same quarter last year. analysts anticipate that Mine Safety Appliances will post 4.25 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 10th. Shareholders of record on Wednesday, February 14th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend was Tuesday, February 13th. Mine Safety Appliances’s dividend payout ratio (DPR) is 36.18%.
MSA has been the topic of a number of research reports. Robert W. Baird raised Mine Safety Appliances from a “neutral” rating to an “outperform” rating and set a $89.00 price target on the stock in a research note on Thursday, February 22nd. TheStreet lowered Mine Safety Appliances from an “a-” rating to a “c+” rating in a report on Tuesday, February 20th. Finally, Zacks Investment Research raised Mine Safety Appliances from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a report on Saturday, February 24th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $90.00.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Sit Investment Associates Inc. lifted its position in shares of Mine Safety Appliances by 24.1% during the fourth quarter. Sit Investment Associates Inc. now owns 23,725 shares of the industrial products company’s stock worth $1,839,000 after acquiring an additional 4,600 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Mine Safety Appliances by 184.5% during the third quarter. Wells Fargo & Company MN now owns 119,442 shares of the industrial products company’s stock worth $9,496,000 after acquiring an additional 77,462 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Mine Safety Appliances by 18.2% during the third quarter. First Trust Advisors LP now owns 34,261 shares of the industrial products company’s stock worth $2,724,000 after acquiring an additional 5,265 shares in the last quarter. Martin & Co. Inc. TN lifted its position in shares of Mine Safety Appliances by 57.1% during the third quarter. Martin & Co. Inc. TN now owns 31,760 shares of the industrial products company’s stock worth $2,525,000 after acquiring an additional 11,550 shares in the last quarter. Finally, Bristol County Savings Bank purchased a new stake in shares of Mine Safety Appliances during the fourth quarter worth $327,000. 69.53% of the stock is owned by institutional investors and hedge funds.
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About Mine Safety Appliances
MSA Safety Incorporated develops, manufactures, and supplies safety products that protect people and facility infrastructures in the oil, gas, petrochemical, fire service, construction, utilities, and mining industries worldwide. It operates through Americas and International segments. The company's core product offerings include permanently installed fixed gas and flame detection instruments, such as permanently installed gas detection monitoring systems, and flame detectors and open-path infrared gas detectors, as well as replacement components and related services to detect the presence or absence of various gases in the air.
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