Caxton Associates LLP Purchases 9,703 Shares of ESAB Corporation $ESAB

Caxton Associates LLP grew its position in shares of ESAB Corporation (NYSE:ESAB) by 192.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,738 shares of the company’s stock after buying an additional 9,703 shares during the quarter. Caxton Associates LLP’s holdings in ESAB were worth $1,425,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Los Angeles Capital Management LLC purchased a new position in ESAB in the 4th quarter worth approximately $33,000. Northwestern Mutual Wealth Management Co. lifted its position in ESAB by 109.4% in the 2nd 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 in the last quarter. Smartleaf Asset Management LLC boosted its stake in ESAB by 259.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 381 shares of the company’s stock valued at $43,000 after purchasing an additional 275 shares during the last quarter. Global Retirement Partners LLC increased its holdings in shares of ESAB by 3,023.1% in the 4th quarter. Global Retirement Partners LLC now owns 406 shares of the company’s stock worth $45,000 after purchasing an additional 393 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in shares of ESAB by 185.3% in the 4th quarter. UMB Bank n.a. now owns 642 shares of the company’s stock worth $72,000 after purchasing an additional 417 shares in the last quarter. Institutional investors own 91.13% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. DA Davidson started coverage on ESAB in a research note on Monday, June 15th. They issued a “buy” rating and a $130.00 price target for the company. JPMorgan Chase & Co. decreased their target price on ESAB from $148.00 to $135.00 and set an “overweight” rating for the company in a research report on Friday, April 10th. Weiss Ratings cut shares of ESAB from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, April 27th. Stifel Nicolaus lowered their target price on shares of ESAB from $141.00 to $137.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $130.00 price target (down from $150.00) on shares of ESAB in a report on Tuesday, March 31st. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $138.38.

ESAB Price Performance

NYSE ESAB opened at $84.60 on Friday. The business’s fifty day moving average price is $92.04 and its 200-day moving average price is $104.27. The stock has a market capitalization of $5.15 billion, a price-to-earnings ratio of 25.03, a PEG ratio of 1.57 and a beta of 1.17. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.97 and a quick ratio of 2.26. ESAB Corporation has a 1-year low of $82.18 and a 1-year high of $137.42.

ESAB (NYSE:ESAB) last released its quarterly earnings results on Thursday, May 7th. The company reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.01). ESAB had a return on equity of 15.04% and a net margin of 7.11%.The firm had revenue of $745.60 million during the quarter, compared to analysts’ expectations of $706.74 million. During the same quarter last year, the business earned $1.25 earnings per share. The business’s quarterly revenue was up 10.0% on a year-over-year basis. On average, equities analysts predict that ESAB Corporation will post 5.72 earnings per share for the current year.

ESAB Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Friday, July 3rd were issued a $0.12 dividend. This is a positive change from ESAB’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, July 2nd. ESAB’s dividend payout ratio is currently 14.20%.

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.