ESAB Corporation (NYSE:ESAB) Declares Quarterly Dividend of $0.10

ESAB Corporation (NYSE:ESAB) declared a quarterly dividend on Thursday, December 4th. Stockholders of record on Wednesday, December 31st will be paid a dividend of 0.10 per share on Friday, January 16th. This represents a c) annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, December 31st.

ESAB has a dividend payout ratio of 6.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect ESAB to earn $5.83 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 6.9%.

ESAB Stock Performance

NYSE:ESAB opened at $113.13 on Friday. ESAB has a fifty-two week low of $100.17 and a fifty-two week high of $135.84. 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 company has a 50 day moving average price of $114.59 and a 200 day moving average price of $118.51. The stock has a market capitalization of $6.87 billion, a P/E ratio of 28.50, a PEG ratio of 2.19 and a beta of 1.24.

ESAB (NYSE:ESAB) last announced its earnings results on Wednesday, October 29th. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.05. ESAB had a return on equity of 15.93% and a net margin of 8.70%.The company had revenue of $727.85 million for the quarter, compared to analyst estimates of $663.57 million. During the same quarter in the previous year, the company earned $1.25 earnings per share. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. ESAB has set its FY 2025 guidance at 5.200-5.30 EPS. Equities research analysts forecast that ESAB will post 5.16 EPS for the current year.

Institutional Investors Weigh In On ESAB

A number of hedge funds and other institutional investors have recently modified their holdings of ESAB. First Citizens Bank & Trust Co. lifted its holdings in ESAB by 266.0% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 7,861 shares of the company’s stock worth $948,000 after buying an additional 5,713 shares during the last quarter. LPL Financial LLC increased its holdings in shares of ESAB by 38.3% in the 1st quarter. LPL Financial LLC now owns 61,466 shares of the company’s stock valued at $7,161,000 after acquiring an additional 17,027 shares during the last quarter. Cetera Investment Advisers raised its position in shares of ESAB by 57.2% during the 1st quarter. Cetera Investment Advisers now owns 23,666 shares of the company’s stock worth $2,757,000 after acquiring an additional 8,610 shares in the last quarter. Fifth Third Bancorp lifted its stake in ESAB by 159.9% during the second quarter. Fifth Third Bancorp now owns 3,667 shares of the company’s stock worth $442,000 after purchasing an additional 2,256 shares during the last quarter. Finally, Advantage Alpha Capital Partners LP boosted its holdings in ESAB by 56.4% in the second quarter. Advantage Alpha Capital Partners LP now owns 26,644 shares of the company’s stock valued at $3,212,000 after purchasing an additional 9,608 shares in the last quarter. 91.13% of the stock is currently owned by institutional investors and hedge funds.

ESAB Company Profile

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.