ESAB Co. (NYSE:ESAB) Stock Position Raised by Champlain Investment Partners LLC

Champlain Investment Partners LLC lifted its holdings in shares of ESAB Co. (NYSE:ESAB - Free Report) by 25.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,358,204 shares of the company's stock after acquiring an additional 276,565 shares during the quarter. ESAB accounts for about 1.0% of Champlain Investment Partners LLC's investment portfolio, making the stock its 29th biggest position. Champlain Investment Partners LLC owned approximately 2.25% of ESAB worth $162,903,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. EverSource Wealth Advisors LLC raised its stake in shares of ESAB by 70.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 218 shares of the company's stock valued at $26,000 after purchasing an additional 90 shares in the last quarter. ORG Wealth Partners LLC acquired a new stake in ESAB during the fourth quarter valued at approximately $34,000. SBI Securities Co. Ltd. bought a new position in ESAB during the 4th quarter worth approximately $36,000. Trust Co. of Vermont grew its position in shares of ESAB by 871.0% in the 4th quarter. Trust Co. of Vermont now owns 301 shares of the company's stock worth $36,000 after acquiring an additional 270 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of ESAB by 33.9% in the 4th quarter. GAMMA Investing LLC now owns 549 shares of the company's stock valued at $66,000 after acquiring an additional 139 shares during the last quarter. Hedge funds and other institutional investors own 91.13% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. UBS Group raised shares of ESAB from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $123.00 to $147.00 in a report on Tuesday, April 1st. Evercore ISI upgraded ESAB from an "underperform" rating to an "inline" rating and cut their target price for the company from $122.00 to $120.00 in a research note on Monday, February 24th. JPMorgan Chase & Co. lifted their price objective on shares of ESAB from $133.00 to $140.00 and gave the company an "overweight" rating in a research report on Tuesday, March 18th. Finally, Stifel Nicolaus cut their price target on ESAB from $125.00 to $109.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $133.75.

ESAB Price Performance

ESAB traded up $3.23 during trading on Tuesday, reaching $113.05. The stock had a trading volume of 63,739 shares, compared to its average volume of 276,890. The stock has a 50 day moving average of $119.11 and a two-hundred day moving average of $120.90. The company has a quick ratio of 1.25, a current ratio of 1.82 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $6.85 billion, a price-to-earnings ratio of 26.17, a price-to-earnings-growth ratio of 2.01 and a beta of 1.37. ESAB Co. has a 1-year low of $88.54 and a 1-year high of $135.97.

ESAB (NYSE:ESAB - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.13. The business had revenue of $633.20 million during the quarter, compared to analyst estimates of $636.43 million. ESAB had a return on equity of 17.43% and a net margin of 9.66%. As a group, equities analysts anticipate that ESAB Co. will post 5.16 EPS for the current fiscal year.

ESAB Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Friday, April 4th were paid a $0.08 dividend. The ex-dividend date of this dividend was Friday, April 4th. This represents a $0.32 annualized dividend and a dividend yield of 0.28%. ESAB's dividend payout ratio is currently 7.41%.

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.