LPL Financial LLC raised its stake in ESAB Co. (NYSE:ESAB - Free Report) by 20.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,439 shares of the company's stock after acquiring an additional 7,676 shares during the period. LPL Financial LLC owned approximately 0.07% of ESAB worth $5,330,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of ESAB. EverSource Wealth Advisors LLC raised its holdings in ESAB by 70.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 218 shares of the company's stock worth $26,000 after acquiring an additional 90 shares during the last quarter. ORG Wealth Partners LLC purchased a new stake in ESAB during the 4th quarter valued at $34,000. SBI Securities Co. Ltd. bought a new stake in shares of ESAB in the 4th quarter worth $36,000. Trust Co. of Vermont raised its stake in shares of ESAB by 871.0% in the fourth quarter. Trust Co. of Vermont now owns 301 shares of the company's stock worth $36,000 after purchasing an additional 270 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of ESAB by 33.9% during the fourth quarter. GAMMA Investing LLC now owns 549 shares of the company's stock valued at $66,000 after purchasing an additional 139 shares in the last quarter. 91.13% of the stock is currently owned by institutional investors.
ESAB Stock Performance
NYSE ESAB traded up $2.19 during trading hours on Friday, hitting $115.28. 341,444 shares of the company's stock traded hands, compared to its average volume of 276,489. ESAB Co. has a 52 week low of $88.54 and a 52 week high of $135.97. The firm has a market capitalization of $6.99 billion, a P/E ratio of 26.69, a P/E/G ratio of 2.01 and a beta of 1.37. 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 business's fifty day moving average price is $120.25 and its two-hundred day moving average price is $120.52.
ESAB (NYSE:ESAB - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $1.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.15 by $0.13. ESAB had a net margin of 9.66% and a return on equity of 17.43%. The firm had revenue of $633.20 million during the quarter, compared to the consensus estimate of $636.43 million. Equities research analysts predict that ESAB Co. will post 5.16 EPS for the current year.
ESAB Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Friday, April 4th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.28%. The ex-dividend date is Friday, April 4th. ESAB's dividend payout ratio (DPR) is currently 7.41%.
Wall Street Analysts Forecast Growth
Several research firms recently commented on ESAB. JPMorgan Chase & Co. lifted their price objective on ESAB from $133.00 to $140.00 and gave the stock an "overweight" rating in a report on Tuesday, March 18th. Stifel Nicolaus reduced their price target on shares of ESAB from $131.00 to $125.00 and set a "hold" rating for the company in a research note on Friday, February 21st. Evercore ISI upgraded shares of ESAB from an "underperform" rating to an "inline" rating and lowered their price objective for the company from $122.00 to $120.00 in a research report on Monday, February 24th. Finally, UBS Group upgraded shares of ESAB from a "neutral" rating to a "buy" rating and raised their target price for the stock from $123.00 to $147.00 in a report on Tuesday, April 1st. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $135.75.
Read Our Latest Analysis on ESAB
ESAB Company Profile
(
Free Report)
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.
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