SG Americas Securities LLC Has $1.55 Million Stock Position in ESAB Corporation $ESAB

SG Americas Securities LLC decreased its holdings in ESAB Corporation (NYSE:ESAB) by 47.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 13,893 shares of the company’s stock after selling 12,750 shares during the period. SG Americas Securities LLC’s holdings in ESAB were worth $1,552,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Durable Capital Partners LP increased its holdings in shares of ESAB by 40.5% during the third quarter. Durable Capital Partners LP now owns 1,945,854 shares of the company’s stock worth $217,430,000 after buying an additional 560,678 shares in the last quarter. Dimensional Fund Advisors LP grew its position in ESAB by 0.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,145,744 shares of the company’s stock worth $128,014,000 after acquiring an additional 10,765 shares during the last quarter. DAVENPORT & Co LLC grew its position in ESAB by 10.4% during the 3rd quarter. DAVENPORT & Co LLC now owns 1,011,536 shares of the company’s stock worth $113,029,000 after acquiring an additional 95,294 shares during the last quarter. Cooke & Bieler LP increased its holdings in ESAB by 64.3% in the 3rd quarter. Cooke & Bieler LP now owns 996,533 shares of the company’s stock worth $111,353,000 after purchasing an additional 390,104 shares in the last quarter. Finally, Royce & Associates LP raised its position in ESAB by 27.6% in the third quarter. Royce & Associates LP now owns 785,506 shares of the company’s stock valued at $87,772,000 after purchasing an additional 169,958 shares during the last quarter. Institutional investors and hedge funds own 91.13% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ESAB shares. Wall Street Zen downgraded shares of ESAB from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Weiss Ratings cut shares of ESAB from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 20th. Oppenheimer increased their price objective on ESAB from $142.00 to $148.00 and gave the company an “outperform” rating in a report on Friday, January 23rd. JPMorgan Chase & Co. lifted their target price on ESAB from $130.00 to $153.00 and gave the stock an “overweight” rating in a report on Monday, February 23rd. Finally, Roth Mkm reiterated a “buy” rating and issued a $146.00 price target (down from $150.00) on shares of ESAB in a research report on Tuesday, February 3rd. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $143.56.

ESAB Price Performance

Shares of NYSE ESAB opened at $96.10 on Tuesday. The firm has a market capitalization of $5.85 billion, a P/E ratio of 25.97, a P/E/G ratio of 1.82 and a beta of 1.36. The firm’s 50-day moving average price is $113.96 and its 200-day moving average price is $114.53. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.56. ESAB Corporation has a 1-year low of $89.41 and a 1-year high of $137.42.

ESAB (NYSE:ESAB) last posted its quarterly earnings results on Friday, February 20th. The company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.01. The business had revenue of $687.00 million during the quarter, compared to the consensus estimate of $687.80 million. ESAB had a net margin of 7.98% and a return on equity of 15.38%. ESAB’s revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.28 EPS. Equities research analysts anticipate that ESAB Corporation will post 5.16 earnings per share for the current fiscal year.

ESAB Dividend Announcement

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

Insider Buying and Selling

In other news, CEO Shyam Kambeyanda sold 59,404 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $123.79, for a total value of $7,353,621.16. Following the completion of the transaction, the chief executive officer directly owned 99,864 shares of the company’s stock, valued at $12,362,164.56. This represents a 37.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 7.30% of the company’s stock.

ESAB Profile

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.