106,892 ESAB Corporation $ESAB Shares Acquired by Fenimore Asset Management Inc

Fenimore Asset Management Inc raised its stake in ESAB Corporation (NYSE:ESAB) by 75.7% in the third quarter, Holdings Channel reports. The fund owned 248,030 shares of the company’s stock after purchasing an additional 106,892 shares during the quarter. Fenimore Asset Management Inc’s holdings in ESAB were worth $16,340,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ESAB. T. Rowe Price Investment Management Inc. boosted its position in ESAB by 0.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 8,006,238 shares of the company’s stock valued at $894,457,000 after buying an additional 45,841 shares in the last quarter. BlackRock Inc. acquired a new position in shares of ESAB during the second quarter worth $524,533,000. Bessemer Group Inc. lifted its stake in shares of ESAB by 16.3% in the 1st quarter. Bessemer Group Inc. now owns 1,225,702 shares of the company’s stock valued at $118,475,000 after acquiring an additional 171,926 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of ESAB by 2.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,215,909 shares of the company’s stock valued at $117,500,000 after acquiring an additional 34,383 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of ESAB by 21.7% during the 1st quarter. Bank of New York Mellon Corp now owns 984,297 shares of the company’s stock valued at $95,142,000 after acquiring an additional 175,398 shares in the last quarter. Institutional investors own 91.13% of the company’s stock.

ESAB Trading Down 3.4%

Shares of ESAB stock traded down $2.26 on Thursday, hitting $64.86. The company had a trading volume of 2,511,645 shares, compared to its average volume of 699,692. The firm has a market cap of $4.03 billion, a P/E ratio of 23.25, a P/E/G ratio of 1.13 and a beta of 1.19. The stock’s 50-day moving average is $76.51 and its two-hundred day moving average is $88.31. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.22 and a current ratio of 1.96. ESAB Corporation has a twelve month low of $62.74 and a twelve month high of $137.42.

ESAB (NYSE:ESAB) last posted its quarterly earnings data on Thursday, August 6th. The company reported $1.33 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.04). The company had revenue of $807.63 million during the quarter, compared to analyst estimates of $755.64 million. ESAB had a return on equity of 14.48% and a net margin of 5.75%.ESAB’s revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.36 earnings per share. ESAB has set its FY 2026 guidance at 5.400-5.500 EPS. On average, equities research analysts anticipate that ESAB Corporation will post 5.46 earnings per share for the current fiscal year.

ESAB Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Friday, October 2nd will be given a dividend of $0.12 per share. The ex-dividend date is Friday, October 2nd. This represents a $0.48 annualized dividend and a dividend yield of 0.7%. ESAB’s dividend payout ratio is 17.20%.

Insiders Place Their Bets

In other ESAB news, Director Rhonda L. Jordan sold 1,000 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $95.00, for a total transaction of $95,000.00. Following the completion of the sale, the director directly owned 1,000 shares in the company, valued at approximately $95,000. This trade represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 7.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on ESAB. Stifel Nicolaus lowered their target price on ESAB from $141.00 to $137.00 and set a “buy” rating for the company in a report on Monday, July 20th. Roth Capital reissued a “buy” rating and set a $133.00 price target (down from $151.00) on shares of ESAB in a research note on Tuesday, September 15th. JPMorgan Chase & Co. reduced their price target on ESAB from $125.00 to $95.00 and set an “overweight” rating on the stock in a report on Thursday. DA Davidson started coverage on ESAB in a research note on Monday, June 15th. They issued a “buy” rating and a $130.00 price objective for the company. Finally, Weiss Ratings lowered shares of ESAB from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.86.

ESAB Profile

ESAB Corporation (NYSE: ESAB) is a global provider of welding and cutting technologies. The company develops and manufactures equipment, consumable products and related solutions used to join, cut and protect metals in industrial, construction, infrastructure, transportation and other applications.

Its product portfolio includes welding systems, cutting machines, welding electrodes and wires, gas-control equipment, automation technologies, protective equipment and accessories. ESAB markets its products under brands that include ESAB, Victor, Tweco, Stoody and Thermal Dynamics, serving customers through direct sales, distributors and other channels.

The company traces its origins to 1904, when Swedish inventor Oscar Kjellberg developed a coated welding electrode.