9,497 Shares in ESAB Corporation $ESAB Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. acquired a new position in shares of ESAB Corporation (NYSE:ESAB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 9,497 shares of the company’s stock, valued at approximately $1,061,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FNY Investment Advisers LLC bought a new position in shares of ESAB during the 3rd quarter worth about $30,000. Los Angeles Capital Management LLC bought a new position in shares of ESAB during the 4th quarter worth about $33,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of ESAB by 109.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 333 shares of the company’s stock worth $40,000 after purchasing an additional 174 shares during the period. Global Retirement Partners LLC increased its holdings in shares of ESAB by 3,023.1% during the 4th quarter. Global Retirement Partners LLC now owns 406 shares of the company’s stock worth $45,000 after purchasing an additional 393 shares during the period. Finally, AlphaQuest LLC bought a new position in shares of ESAB during the 3rd quarter worth about $58,000. Institutional investors own 91.13% of the company’s stock.

Analysts Set New Price Targets

ESAB has been the topic of several research reports. DA Davidson dropped their price objective on shares of ESAB from $146.00 to $142.00 and set a “buy” rating on the stock in a report on Thursday, April 16th. Roth Mkm set a $142.00 price objective on shares of ESAB in a report on Thursday, April 16th. Jefferies Financial Group restated a “buy” rating and set a $130.00 price objective (down from $150.00) on shares of ESAB in a report on Tuesday, March 31st. JPMorgan Chase & Co. dropped their price objective on shares of ESAB from $148.00 to $135.00 and set an “overweight” rating on the stock in a report on Friday, April 10th. Finally, Stifel Nicolaus set a $141.00 price objective on shares of ESAB in a report on Friday, May 8th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, ESAB has an average rating of “Moderate Buy” and an average price target of $139.88.

ESAB Price Performance

Shares of ESAB stock opened at $88.43 on Wednesday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.26 and a current ratio of 2.97. The firm’s 50-day simple moving average is $96.35 and its 200-day simple moving average is $108.67. ESAB Corporation has a twelve month low of $83.17 and a twelve month high of $137.42. The firm has a market cap of $5.38 billion, a P/E ratio of 26.16, a price-to-earnings-growth ratio of 1.61 and a beta of 1.19.

ESAB (NYSE:ESAB) last issued its earnings results on Thursday, May 7th. The company reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.01). ESAB had a net margin of 7.11% and a return on equity of 15.04%. The business had revenue of $745.60 million for the quarter, compared to analyst estimates of $706.74 million. During the same quarter last year, the firm posted $1.25 earnings per share. ESAB’s revenue was up 10.0% on a year-over-year basis. As a group, research analysts expect that ESAB Corporation will post 5.81 EPS for the current fiscal year.

ESAB Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Friday, July 3rd will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.5%. This is a boost from ESAB’s previous quarterly dividend of $0.10. The ex-dividend date is Thursday, July 2nd. ESAB’s dividend payout ratio (DPR) is presently 11.83%.

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.