Van Berkom & Associates Inc. Purchases 45,873 Shares of ESAB Corporation $ESAB

Van Berkom & Associates Inc. lifted its position in ESAB Corporation (NYSE:ESAB) by 6.4% during the 4th quarter, Holdings Channel reports. The firm owned 762,278 shares of the company’s stock after acquiring an additional 45,873 shares during the period. ESAB comprises about 2.5% of Van Berkom & Associates Inc.’s holdings, making the stock its 17th biggest holding. Van Berkom & Associates Inc.’s holdings in ESAB were worth $85,162,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in ESAB. Royal Bank of Canada grew its holdings in shares of ESAB by 29.4% in the first quarter. Royal Bank of Canada now owns 51,867 shares of the company’s stock worth $6,042,000 after purchasing an additional 11,772 shares during the last quarter. Millennium Management LLC bought a new position in shares of ESAB in the first quarter worth approximately $10,616,000. Goldman Sachs Group Inc. grew its holdings in shares of ESAB by 25.9% in the first quarter. Goldman Sachs Group Inc. now owns 458,339 shares of the company’s stock worth $53,396,000 after purchasing an additional 94,335 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of ESAB by 109.4% in the second 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 last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of ESAB by 183.4% in the second quarter. EverSource Wealth Advisors LLC now owns 972 shares of the company’s stock worth $117,000 after purchasing an additional 629 shares during the last quarter. Institutional investors own 91.13% of the company’s stock.

Insiders Place Their Bets

In other ESAB news, CEO Shyam Kambeyanda sold 59,404 shares of the business’s stock in a transaction dated 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 owned 99,864 shares of the company’s stock, valued at approximately $12,362,164.56. The trade was a 37.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 7.20% of the company’s stock.

ESAB Stock Performance

Shares of ESAB stock opened at $95.09 on Tuesday. The business has a fifty day simple moving average of $104.65 and a two-hundred day simple moving average of $113.04. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $5.79 billion, a P/E ratio of 25.70, a P/E/G ratio of 1.82 and a beta of 1.24. ESAB Corporation has a 12 month low of $89.41 and a 12 month 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, topping the consensus estimate of $1.34 by $0.01. The firm had revenue of $687.00 million during the quarter, compared to analyst estimates of $687.80 million. ESAB had a return on equity of 15.38% and a net margin of 7.98%.ESAB’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.28 EPS. On average, equities analysts forecast that ESAB Corporation will post 5.82 earnings per share for the current fiscal year.

ESAB Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 17th. Stockholders of record on Thursday, April 2nd were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Thursday, April 2nd. ESAB’s payout ratio is currently 10.81%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Weiss Ratings cut shares of ESAB from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, April 27th. Jefferies Financial Group reiterated a “buy” rating and issued a $130.00 price target (down from $150.00) on shares of ESAB in a report on Tuesday, March 31st. JPMorgan Chase & Co. cut their price target 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. Roth Mkm set a $142.00 price target on shares of ESAB in a report on Thursday, April 16th. Finally, Stifel Nicolaus cut their price target on shares of ESAB from $158.00 to $138.00 and set a “buy” rating on the stock in a report on Wednesday, April 8th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $137.89.

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.