ESAB Corporation $ESAB Shares Sold by Strs Ohio

Strs Ohio decreased its position in shares of ESAB Corporation (NYSE:ESAB) by 23.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 51,561 shares of the company’s stock after selling 15,459 shares during the quarter. Strs Ohio’s holdings in ESAB were worth $5,761,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ESAB. Northwestern Mutual Wealth Management Co. raised its stake in ESAB by 109.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 333 shares of the company’s stock worth $40,000 after purchasing an additional 174 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of ESAB during the 2nd quarter worth approximately $59,000. Farther Finance Advisors LLC raised its position in shares of ESAB by 60.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock valued at $75,000 after buying an additional 252 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in ESAB by 183.4% in the second quarter. EverSource Wealth Advisors LLC now owns 972 shares of the company’s stock valued at $117,000 after acquiring an additional 629 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its holdings in ESAB by 22.7% in the third quarter. Asset Management One Co. Ltd. now owns 1,080 shares of the company’s stock valued at $121,000 after acquiring an additional 200 shares during the last quarter. 91.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Wall Street Zen downgraded ESAB from a “buy” rating to a “hold” rating in a research report on Sunday, December 28th. UBS Group upped their target price on shares of ESAB from $147.00 to $149.00 and gave the company a “buy” rating in a research report on Monday, October 20th. Oppenheimer increased their target price on shares of ESAB from $142.00 to $148.00 and gave the stock an “outperform” rating in a research note on Friday. JPMorgan Chase & Co. reduced their price target on shares of ESAB from $140.00 to $138.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 14th. Finally, Stifel Nicolaus increased their price objective on shares of ESAB from $143.00 to $144.00 and gave the stock a “buy” rating in a research report on Friday. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, ESAB presently has a consensus rating of “Moderate Buy” and a consensus target price of $142.13.

ESAB Price Performance

Shares of ESAB opened at $120.51 on Tuesday. The company has a market cap of $7.32 billion, a P/E ratio of 30.35, a PEG ratio of 2.10 and a beta of 1.24. ESAB Corporation has a fifty-two week low of $100.17 and a fifty-two week high of $135.84. The company has a quick ratio of 1.24, a current ratio of 1.99 and a debt-to-equity ratio of 0.62. The firm’s 50 day moving average price is $114.20 and its 200 day moving average price is $116.42.

ESAB (NYSE:ESAB) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.27 by $0.05. ESAB had a net margin of 8.70% and a return on equity of 15.93%. The company had revenue of $727.85 million during the quarter, compared to analysts’ expectations of $663.57 million. During the same quarter last year, the company posted $1.25 EPS. The firm’s revenue was up 8.1% compared to the same quarter last year. ESAB has set its FY 2025 guidance at 5.200-5.30 EPS. On average, research analysts forecast that ESAB Corporation will post 5.16 earnings per share for the current fiscal year.

ESAB Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.10 per share. The ex-dividend date was Wednesday, December 31st. This represents a $0.40 annualized dividend and a yield of 0.3%. ESAB’s dividend payout ratio is 10.08%.

ESAB Profile

ESAB Corporation is a global leader in welding, cutting and gas control technologies, offering a comprehensive portfolio of equipment, consumables and automation solutions. The company’s products include welding power sources, cutting machines, torches, electrodes, filler metals and gas regulating equipment designed to meet the needs of diverse industries. ESAB serves sectors such as construction, shipbuilding, automotive, energy, infrastructure and manufacturing, providing both standard and customized solutions to enhance productivity and quality in metal fabrication and processing.

Founded in 1904 by Swedish inventor Oscar Kjellberg, ESAB pioneered the development of coated welding electrodes, laying the groundwork for modern welding practices.