Keeley Teton Advisors LLC Trims Stock Holdings in ESAB Co. (NYSE:ESAB)

Keeley Teton Advisors LLC decreased its position in ESAB Co. (NYSE:ESAB - Free Report) by 19.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,360 shares of the company's stock after selling 9,574 shares during the period. Keeley Teton Advisors LLC owned about 0.07% of ESAB worth $4,721,000 at the end of the most recent quarter.

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

ESAB Price Performance

ESAB stock traded down $0.03 during mid-day trading on Friday, reaching $113.47. The company's stock had a trading volume of 228,712 shares, compared to its average volume of 278,147. The company has a current ratio of 1.82, a quick ratio of 1.25 and a debt-to-equity ratio of 0.59. The company's 50 day moving average is $119.39 and its two-hundred day moving average is $120.72. ESAB Co. has a fifty-two week low of $88.54 and a fifty-two week high of $135.97. The stock has a market cap of $6.88 billion, a PE ratio of 26.27, a P/E/G ratio of 2.01 and a beta of 1.37.

ESAB (NYSE:ESAB - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.15 by $0.13. The firm had revenue of $633.20 million during the quarter, compared to analysts' expectations of $636.43 million. ESAB had a return on equity of 17.43% and a net margin of 9.66%. Equities research analysts expect that ESAB Co. will post 5.16 EPS for the current year.

ESAB Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. UBS Group raised shares of ESAB from a "neutral" rating to a "buy" rating and lifted their price target for the company from $123.00 to $147.00 in a research note on Tuesday, April 1st. JPMorgan Chase & Co. lifted their target price 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. Stifel Nicolaus reduced their price target on shares of ESAB from $125.00 to $109.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Finally, Evercore ISI raised shares of ESAB from an "underperform" rating to an "inline" rating and decreased their price target for the company from $122.00 to $120.00 in a research note on Monday, February 24th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, ESAB currently has an average rating of "Moderate Buy" and an average price target of $133.75.

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.