10,709 Shares in ESAB Corporation $ESAB Purchased by Zions Bancorporation National Association UT

Zions Bancorporation National Association UT bought a new stake in ESAB Corporation (NYSE:ESAB) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 10,709 shares of the company’s stock, valued at approximately $1,197,000.

Several other institutional investors also recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. boosted its position in shares of ESAB by 109.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 333 shares of the company’s stock valued at $40,000 after acquiring an additional 174 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in ESAB during the second quarter worth $59,000. AlphaQuest LLC acquired a new position in ESAB during the 3rd quarter valued at $58,000. Farther Finance Advisors LLC boosted its holdings in ESAB by 60.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock valued at $75,000 after purchasing an additional 252 shares during the period. Finally, Hantz Financial Services Inc. grew its position in ESAB by 59.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 681 shares of the company’s stock worth $76,000 after purchasing an additional 254 shares during the last quarter. 91.13% of the stock is owned by institutional investors.

ESAB Price Performance

ESAB stock opened at $134.92 on Tuesday. The business has a 50 day simple moving average of $119.47 and a 200 day simple moving average of $116.12. ESAB Corporation has a one year low of $100.17 and a one year high of $137.42. The company has a market capitalization of $8.19 billion, a PE ratio of 33.98, a price-to-earnings-growth ratio of 2.50 and a beta of 1.24. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.99 and a quick ratio of 1.24.

ESAB Dividend Announcement

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

Wall Street Analysts Forecast Growth

ESAB has been the subject of a number of research analyst reports. UBS Group upped their price objective 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 boosted their price target on ESAB from $142.00 to $148.00 and gave the company an “outperform” rating in a research note on Friday, January 23rd. Wall Street Zen downgraded ESAB from a “buy” rating to a “hold” rating in a research report on Sunday, December 28th. Weiss Ratings raised ESAB from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 2nd. Finally, Roth Mkm restated a “buy” rating and issued a $146.00 target price (down from $150.00) on shares of ESAB in a research note on Tuesday, February 3rd. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $140.63.

ESAB Company 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.