ESAB Corporation $ESAB Shares Bought by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. grew its holdings in shares of ESAB Corporation (NYSE:ESAB) by 33.9% in the third quarter, Holdings Channel reports. The institutional investor owned 26,162 shares of the company’s stock after purchasing an additional 6,624 shares during the period. Johnson Investment Counsel Inc.’s holdings in ESAB were worth $2,923,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ESAB. Northwestern Mutual Wealth Management Co. raised its position 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 acquiring an additional 174 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in ESAB in the second quarter valued at approximately $59,000. AlphaQuest LLC purchased a new position in ESAB in the third quarter valued at approximately $58,000. Farther Finance Advisors LLC raised its holdings in ESAB by 60.4% during the third quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock worth $75,000 after purchasing an additional 252 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its position in shares of ESAB by 59.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 681 shares of the company’s stock worth $76,000 after buying an additional 254 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 commented on ESAB shares. 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. Oppenheimer upped their price objective on shares of ESAB from $142.00 to $148.00 and gave the company an “outperform” rating in a research note on Friday, January 23rd. JPMorgan Chase & Co. dropped their price objective on ESAB from $138.00 to $130.00 and set an “overweight” rating on the stock in a report on Tuesday, February 3rd. UBS Group lifted their target price on ESAB from $147.00 to $149.00 and gave the stock a “buy” rating in a research report on Monday, October 20th. Finally, Stifel Nicolaus upped their target price on ESAB from $143.00 to $144.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.63.

ESAB Trading Up 0.3%

NYSE ESAB opened at $134.79 on Thursday. The firm’s fifty day moving average is $118.03 and its two-hundred day moving average is $116.18. ESAB Corporation has a one year low of $100.17 and a one year high of $136.40. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.24 and a current ratio of 1.99. The firm has a market cap of $8.18 billion, a PE ratio of 33.95, a P/E/G ratio of 2.49 and a beta of 1.24.

ESAB Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Wednesday, December 31st were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.3%. The ex-dividend date was Wednesday, December 31st. ESAB’s payout ratio is 10.08%.

ESAB Company 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.