ESAB Co. (NYSE:ESAB) Shares Sold by Seizert Capital Partners LLC

Seizert Capital Partners LLC cut its stake in shares of ESAB Co. (NYSE:ESAB) by 2.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 16,730 shares of the company’s stock after selling 359 shares during the period. Seizert Capital Partners LLC’s holdings in ESAB were worth $2,007,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. ORG Wealth Partners LLC purchased a new position in shares of ESAB in the fourth quarter valued at $34,000. Trust Co. of Vermont raised its holdings in shares of ESAB by 871.0% during the 4th quarter. Trust Co. of Vermont now owns 301 shares of the company’s stock valued at $36,000 after buying an additional 270 shares during the period. SBI Securities Co. Ltd. purchased a new stake in ESAB during the 4th quarter worth approximately $36,000. Quest Partners LLC increased its holdings in ESAB by 12,140.0% during the 3rd quarter. Quest Partners LLC now owns 612 shares of the company’s stock worth $65,000 after purchasing an additional 607 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of ESAB by 33.9% in the 4th quarter. GAMMA Investing LLC now owns 549 shares of the company’s stock valued at $66,000 after acquiring an additional 139 shares during the last quarter. Hedge funds and other institutional investors own 91.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ESAB shares. JPMorgan Chase & Co. reduced their price objective on ESAB from $135.00 to $133.00 and set an “overweight” rating for the company in a research report on Friday, February 21st. Stifel Nicolaus cut their price objective on ESAB from $131.00 to $125.00 and set a “hold” rating for the company in a report on Friday, February 21st. Oppenheimer reaffirmed an “outperform” rating and set a $144.00 target price (up from $138.00) on shares of ESAB in a research report on Friday, November 8th. Evercore ISI raised ESAB from an “underperform” rating to an “inline” rating and dropped their price target for the company from $122.00 to $120.00 in a research report on Monday, February 24th. Finally, Jefferies Financial Group began coverage on ESAB in a research report on Thursday, December 12th. They set a “buy” rating and a $160.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $133.14.

ESAB Trading Down 2.4 %

Shares of ESAB opened at $117.53 on Wednesday. The stock has a fifty day moving average price of $122.42 and a two-hundred day moving average price of $117.07. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.25 and a current ratio of 1.82. ESAB Co. has a 52-week low of $88.54 and a 52-week high of $135.97. The company has a market cap of $7.11 billion, a price-to-earnings ratio of 27.21, a PEG ratio of 2.01 and a beta of 1.36.

ESAB (NYSE:ESAB) last announced its quarterly earnings data on Thursday, February 20th. The company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.13. ESAB had a return on equity of 17.43% and a net margin of 9.66%. The business had revenue of $633.20 million during the quarter, compared to analysts’ expectations of $636.43 million. Analysts predict that ESAB Co. will post 5.16 EPS for the current fiscal year.

ESAB Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Friday, April 4th will be issued a $0.08 dividend. The ex-dividend date is Friday, April 4th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.27%. ESAB’s dividend payout ratio (DPR) is 7.41%.

About ESAB

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.