Stephens Inc. AR Has $5.03 Million Position in ESAB Corporation $ESAB

by · The Markets Daily

Stephens Inc. AR boosted its position in ESAB Corporation (NYSE:ESAB – Free Report) by 11.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,006 shares of the company’s stock after purchasing an additional 5,413 shares during the quarter. Stephens Inc. AR owned about 0.09% of ESAB worth $5,027,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. lifted its holdings in shares of ESAB by 0.6% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 8,006,238 shares of the company’s stock worth $894,457,000 after buying an additional 45,841 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of ESAB by 11.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,852,692 shares of the company’s stock valued at $653,864,000 after acquiring an additional 613,327 shares in the last quarter. Durable Capital Partners LP increased its position in 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 acquiring an additional 560,678 shares during the period. Geode Capital Management LLC raised its stake in ESAB by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 1,318,269 shares of the company’s stock worth $147,300,000 after purchasing an additional 16,466 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in ESAB by 3.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,181,526 shares of the company’s stock worth $132,008,000 after purchasing an additional 35,782 shares in the last quarter. Institutional investors own 91.13% of the company’s stock.

ESAB Trading Down 2.8%

Shares of ESAB stock opened at $94.30 on Wednesday. The firm’s 50 day moving average is $94.72 and its 200 day moving average is $106.65. The firm has a market capitalization of $5.74 billion, a PE ratio of 27.90, a price-to-earnings-growth ratio of 1.78 and a beta of 1.17. ESAB Corporation has a 1 year low of $82.18 and a 1 year high of $137.42. The company has a current ratio of 2.97, a quick ratio of 2.26 and a debt-to-equity ratio of 0.91.

ESAB (NYSE:ESAB – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported $1.31 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.01). The company had revenue of $745.60 million during the quarter, compared to the consensus estimate of $706.74 million. ESAB had a net margin of 7.11% and a return on equity of 15.04%. ESAB’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.25 EPS. Equities research analysts forecast that ESAB Corporation will post 5.82 earnings per share for the current fiscal year.

ESAB Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Friday, July 3rd will be issued a dividend of $0.12 per share. This is a positive change from ESAB’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $0.48 annualized dividend and a dividend yield of 0.5%. ESAB’s dividend payout ratio (DPR) is 14.20%.

Analysts Set New Price Targets

ESAB has been the topic of a number of analyst reports. Wall Street Zen lowered shares of ESAB from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Jefferies Financial Group reiterated a “buy” rating and issued a $130.00 price target (down from $150.00) on shares of ESAB in a research note on Tuesday, March 31st. Stifel Nicolaus set a $141.00 price target on ESAB in a research report on Friday, May 8th. Roth Capital raised their price objective on ESAB from $142.00 to $151.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $140.00 price objective on shares of ESAB in a report on Tuesday, April 14th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, ESAB presently has an average rating of “Moderate Buy” and a consensus price target of $139.50.

View Our Latest Stock Analysis on ESAB

ESAB Profile

(Free Report)

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.

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