Vontobel Holding Ltd. Has $1.90 Million Holdings in ESAB Co. (NYSE:ESAB)

Vontobel Holding Ltd. raised its position in ESAB Co. (NYSE:ESAB) by 2.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,846 shares of the company’s stock after purchasing an additional 487 shares during the quarter. Vontobel Holding Ltd.’s holdings in ESAB were worth $1,897,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ESAB. Quent Capital LLC boosted its holdings in ESAB by 8.4% during the first quarter. Quent Capital LLC now owns 1,718 shares of the company’s stock worth $190,000 after purchasing an additional 133 shares during the last quarter. Burns Matteson Capital Management LLC boosted its stake in shares of ESAB by 7.1% during the 2nd quarter. Burns Matteson Capital Management LLC now owns 2,149 shares of the company’s stock worth $203,000 after buying an additional 142 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of ESAB by 55.9% in the 3rd quarter. GAMMA Investing LLC now owns 410 shares of the company’s stock valued at $44,000 after acquiring an additional 147 shares in the last quarter. Legacy Capital Group California Inc. increased its position in shares of ESAB by 8.5% in the second quarter. Legacy Capital Group California Inc. now owns 2,139 shares of the company’s stock valued at $202,000 after acquiring an additional 168 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in ESAB by 5.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 3,829 shares of the company’s stock worth $362,000 after acquiring an additional 185 shares in the last quarter. 91.13% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on ESAB. JPMorgan Chase & Co. raised their price target on ESAB from $120.00 to $128.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Evercore ISI dropped their price target on shares of ESAB from $107.00 to $102.00 and set an “in-line” rating on the stock in a research report on Monday, August 19th. Stifel Nicolaus decreased their price objective on shares of ESAB from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, July 18th. Finally, Bank of America raised their target price on shares of ESAB from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, August 5th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, ESAB currently has a consensus rating of “Moderate Buy” and an average price target of $115.00.

ESAB Stock Performance

Shares of ESAB stock opened at $113.92 on Friday. ESAB Co. has a 52 week low of $61.43 and a 52 week high of $114.77. The company has a market capitalization of $6.88 billion, a price-to-earnings ratio of 29.82, a PEG ratio of 1.81 and a beta of 1.42. The company has a 50-day simple moving average of $102.57 and a 200 day simple moving average of $101.72. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.21 and a current ratio of 1.86.

ESAB (NYSE:ESAB) last issued its quarterly earnings data on Friday, August 2nd. The company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.05. The company had revenue of $707.10 million during the quarter, compared to analysts’ expectations of $686.75 million. ESAB had a return on equity of 17.49% and a net margin of 9.06%. The business’s revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.21 earnings per share. On average, sell-side analysts predict that ESAB Co. will post 4.84 earnings per share for the current year.

ESAB Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date was Friday, September 27th. ESAB’s dividend payout ratio is currently 8.38%.

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.