Asset Management One Co. Ltd. Sells 164 Shares of ESAB Co. (NYSE:ESAB)

Asset Management One Co. Ltd. lessened its holdings in ESAB Co. (NYSE:ESAB) by 14.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 959 shares of the company’s stock after selling 164 shares during the quarter. Asset Management One Co. Ltd.’s holdings in ESAB were worth $116,000 at the end of the most recent reporting period.

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

ESAB Stock Performance

NYSE:ESAB opened at $120.07 on Friday. The company has a fifty day moving average of $122.57 and a 200-day moving average of $115.61. The firm has a market capitalization of $7.26 billion, a P/E ratio of 28.12, a P/E/G ratio of 2.02 and a beta of 1.36. The company has a quick ratio of 1.25, a current ratio of 1.92 and a debt-to-equity ratio of 0.58. ESAB Co. has a twelve month low of $88.54 and a twelve month high of $135.97.

ESAB (NYSE:ESAB) last released its quarterly earnings data on Thursday, February 20th. The company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.13. The company had revenue of $633.20 million during the quarter, compared to analyst estimates of $636.43 million. ESAB had a net margin of 9.47% and a return on equity of 17.27%. As a group, sell-side analysts anticipate that ESAB Co. will post 4.92 EPS for the current year.

ESAB Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend was Tuesday, December 31st. ESAB’s payout ratio is currently 7.41%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Loop Capital raised their price target on shares of ESAB from $105.00 to $120.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Oppenheimer restated an “outperform” rating and set a $144.00 price target (up previously from $138.00) on shares of ESAB in a report on Friday, November 8th. Evercore ISI lowered shares of ESAB from an “in-line” rating to an “underperform” rating and raised their price target for the stock from $102.00 to $122.00 in a report on Wednesday, November 13th. Stifel Nicolaus lowered their price target on shares of ESAB from $131.00 to $125.00 and set a “hold” rating for the company in a report on Friday. Finally, Jefferies Financial Group assumed coverage on shares of ESAB in a report on Thursday, December 12th. They set a “buy” rating and a $160.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $133.43.

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.