Dimensional Fund Advisors LP Increases Stock Position in ESAB Corporation $ESAB

Dimensional Fund Advisors LP raised its holdings in shares of ESAB Corporation (NYSE:ESAB) by 0.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,145,744 shares of the company’s stock after purchasing an additional 10,765 shares during the period. Dimensional Fund Advisors LP owned approximately 1.89% of ESAB worth $128,014,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Royal Bank of Canada lifted its holdings in shares of ESAB by 29.4% during the first quarter. Royal Bank of Canada now owns 51,867 shares of the company’s stock valued at $6,042,000 after purchasing an additional 11,772 shares in the last quarter. Millennium Management LLC bought a new stake in ESAB in the 1st quarter worth about $10,616,000. Goldman Sachs Group Inc. raised its position in ESAB by 25.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 458,339 shares of the company’s stock worth $53,396,000 after buying an additional 94,335 shares during the last quarter. Savant Capital LLC raised its position in ESAB by 41.3% in the 2nd quarter. Savant Capital LLC now owns 6,854 shares of the company’s stock worth $826,000 after buying an additional 2,005 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new position in ESAB during the 2nd quarter valued at about $774,000. Institutional investors own 91.13% of the company’s stock.

Insider Buying and Selling at ESAB

In related news, CEO Shyam Kambeyanda sold 59,404 shares of the stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $123.79, for a total transaction of $7,353,621.16. Following the completion of the sale, the chief executive officer owned 99,864 shares in the company, valued at approximately $12,362,164.56. This trade represents a 37.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 7.30% of the stock is currently owned by company insiders.

ESAB Stock Performance

Shares of NYSE ESAB opened at $108.17 on Thursday. The stock has a market cap of $6.57 billion, a PE ratio of 29.24, a price-to-earnings-growth ratio of 1.99 and a beta of 1.23. ESAB Corporation has a 1 year low of $100.17 and a 1 year high of $137.42. The firm has a fifty day moving average price of $121.77 and a 200-day moving average price of $116.68. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.90 and a quick ratio of 1.17.

ESAB (NYSE:ESAB) last released its earnings results on Friday, February 20th. The company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.01. The company had revenue of $720.99 million for the quarter, compared to analysts’ expectations of $687.80 million. ESAB had a net margin of 7.98% and a return on equity of 15.38%. ESAB’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.28 EPS. Equities analysts anticipate that ESAB Corporation will post 5.16 earnings per share for the current fiscal year.

ESAB Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 17th. Stockholders of record on Thursday, April 2nd will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Thursday, April 2nd. ESAB’s payout ratio is presently 10.81%.

Wall Street Analysts Forecast Growth

ESAB has been the topic of a number of recent analyst reports. Weiss Ratings downgraded shares of ESAB from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 20th. Oppenheimer increased their price objective on shares of ESAB from $142.00 to $148.00 and gave the company an “outperform” rating in a research report on Friday, January 23rd. Wall Street Zen upgraded shares of ESAB from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Roth Mkm reaffirmed a “buy” rating and issued a $146.00 target price (down from $150.00) on shares of ESAB in a research report on Tuesday, February 3rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of ESAB from $130.00 to $153.00 and gave the company an “overweight” rating in a research note on Monday, February 23rd. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, ESAB has a consensus rating of “Moderate Buy” and a consensus target price of $145.25.

About ESAB

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.