298 Shares in ESAB Co. (NYSE:ESAB) Acquired by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. bought a new position in shares of ESAB Co. (NYSE:ESAB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 298 shares of the company’s stock, valued at approximately $36,000.

A number of other large investors also recently bought and sold shares of ESAB. ORG Wealth Partners LLC purchased a new position in ESAB during the fourth quarter worth approximately $34,000. Trust Co. of Vermont raised its stake in ESAB by 871.0% during the fourth quarter. Trust Co. of Vermont now owns 301 shares of the company’s stock worth $36,000 after purchasing an additional 270 shares during the period. Quest Partners LLC raised its stake in ESAB by 12,140.0% during the third quarter. Quest Partners LLC now owns 612 shares of the company’s stock worth $65,000 after purchasing an additional 607 shares during the period. GAMMA Investing LLC raised its stake in ESAB by 33.9% during the fourth quarter. GAMMA Investing LLC now owns 549 shares of the company’s stock worth $66,000 after purchasing an additional 139 shares during the period. Finally, Millburn Ridgefield Corp purchased a new position in ESAB during the third quarter worth approximately $77,000. Hedge funds and other institutional investors own 91.13% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on ESAB. Jefferies Financial Group began coverage on shares of ESAB in a research note on Thursday, December 12th. They set a “buy” rating and a $160.00 price target on the stock. Evercore ISI raised shares of ESAB from an “underperform” rating to an “inline” rating and cut their target price for the company from $122.00 to $120.00 in a research note on Monday, February 24th. Stifel Nicolaus cut their target price on shares of ESAB from $131.00 to $125.00 and set a “hold” rating on the stock in a research note on Friday, February 21st. Finally, JPMorgan Chase & Co. cut their target price on shares of ESAB from $135.00 to $133.00 and set an “overweight” rating on the stock in a research note on Friday, February 21st. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, ESAB presently has a consensus rating of “Moderate Buy” and a consensus target price of $133.14.

ESAB Stock Performance

Shares of ESAB stock opened at $125.63 on Wednesday. The firm has a market capitalization of $7.60 billion, a P/E ratio of 29.08, a P/E/G ratio of 2.01 and a beta of 1.36. The company’s fifty day moving average price is $122.32 and its two-hundred day moving average price is $117.80. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.82 and a quick ratio of 1.25. ESAB Co. has a 12 month low of $88.54 and a 12 month high of $135.97.

ESAB (NYSE:ESAB) last issued its earnings results on Thursday, February 20th. The company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.13. The business had revenue of $633.20 million for the quarter, compared to analyst estimates of $636.43 million. ESAB had a net margin of 9.66% and a return on equity of 17.43%. On average, research analysts anticipate that ESAB Co. will post 5.16 earnings per share for the current fiscal year.

ESAB Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Friday, April 4th will be paid a $0.08 dividend. The ex-dividend date is Friday, April 4th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.25%. ESAB’s dividend payout ratio (DPR) is presently 7.41%.

About ESAB

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.