Savant Capital LLC Buys 436 Shares of ESAB Co. (NYSE:ESAB)

Savant Capital LLC raised its stake in shares of ESAB Co. (NYSE:ESAB) by 10.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,667 shares of the company’s stock after purchasing an additional 436 shares during the period. Savant Capital LLC’s holdings in ESAB were worth $560,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Empowered Funds LLC bought a new position in ESAB during the 4th quarter worth $206,000. Defender Capital LLC. raised its position in shares of ESAB by 3.2% in the 4th quarter. Defender Capital LLC. now owns 24,608 shares of the company’s stock worth $2,951,000 after acquiring an additional 759 shares in the last quarter. Stonegate Investment Group LLC bought a new position in shares of ESAB in the 4th quarter worth about $216,000. Hunter Perkins Capital Management LLC raised its position in shares of ESAB by 4.0% in the 4th quarter. Hunter Perkins Capital Management LLC now owns 11,665 shares of the company’s stock worth $1,399,000 after acquiring an additional 445 shares in the last quarter. Finally, KBC Group NV raised its position in shares of ESAB by 70.1% in the 4th quarter. KBC Group NV now owns 2,604 shares of the company’s stock worth $312,000 after acquiring an additional 1,073 shares in the last quarter. 91.13% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on ESAB shares. Stifel Nicolaus lifted their price objective on ESAB from $130.00 to $131.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. Evercore ISI lowered ESAB from an “in-line” rating to an “underperform” rating and lifted their price objective for the stock from $102.00 to $122.00 in a research report on Wednesday, November 13th. Jefferies Financial Group started coverage on ESAB in a research report on Thursday, December 12th. They issued a “buy” rating and a $160.00 price objective for the company. Loop Capital lifted their price objective on ESAB from $105.00 to $120.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Finally, Oppenheimer restated an “outperform” rating and issued a $144.00 target price (up from $138.00) on shares of ESAB in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $133.57.

ESAB Stock Performance

Shares of ESAB opened at $129.25 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.92 and a quick ratio of 1.25. The stock has a 50-day moving average of $122.90 and a 200-day moving average of $114.85. The company has a market cap of $7.81 billion, a PE ratio of 30.27, a P/E/G ratio of 2.01 and a beta of 1.36. ESAB Co. has a one year low of $88.54 and a one year high of $135.97.

ESAB Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were paid a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.32 annualized dividend and a dividend yield of 0.25%. ESAB’s dividend payout ratio is presently 7.49%.

ESAB Profile

ESAB Corporation engages in the formulation, development, manufacture, and supply of consumable products and equipment for use in cutting, joining, automated welding, and gas control equipment. Its comprehensive range of welding consumables includes electrodes, cored and solid wires, and fluxes using a range of specialty and other materials; and cutting consumables comprising electrodes, nozzles, shields, and tips.