Vontobel Holding Ltd. Reduces Stock Position in ESAB Co. (NYSE:ESAB)

Vontobel Holding Ltd. lowered its position in shares of ESAB Co. (NYSE:ESAB) by 28.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,851 shares of the company’s stock after selling 4,995 shares during the period. Vontobel Holding Ltd.’s holdings in ESAB were worth $1,541,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ESAB. ORG Wealth Partners LLC purchased a new position in ESAB during the 4th quarter valued at about $34,000. Trust Co. of Vermont increased its stake in ESAB by 871.0% during the 4th quarter. Trust Co. of Vermont now owns 301 shares of the company’s stock valued at $36,000 after purchasing an additional 270 shares in the last quarter. Blue Trust Inc. increased its stake in ESAB by 629.8% during the 3rd quarter. Blue Trust Inc. now owns 613 shares of the company’s stock valued at $65,000 after purchasing an additional 529 shares in the last quarter. Quest Partners LLC increased its stake in ESAB by 12,140.0% during the 3rd quarter. Quest Partners LLC now owns 612 shares of the company’s stock valued at $65,000 after purchasing an additional 607 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in ESAB by 33.9% during the 4th quarter. GAMMA Investing LLC now owns 549 shares of the company’s stock valued at $66,000 after purchasing an additional 139 shares in the last quarter. Hedge funds and other institutional investors own 91.13% of the company’s stock.

ESAB Price Performance

Shares of NYSE:ESAB opened at $129.25 on Tuesday. ESAB Co. has a 1-year low of $88.54 and a 1-year high of $135.97. The firm’s 50 day simple moving average is $122.92 and its two-hundred day simple moving average is $115.06. 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 company has a market capitalization of $7.81 billion, a P/E ratio of 30.27, a P/E/G ratio of 2.01 and a beta of 1.36.

ESAB Announces Dividend

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

Wall Street Analyst Weigh In

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

ESAB Company 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.