930,955 ESAB Corporation $ESAB Shares Acquired by Cooke & Bieler LP

Cooke & Bieler LP increased its position in shares of ESAB Corporation (NYSE:ESAB) by 73.3% during the third quarter, Holdings Channel reports. The fund owned 2,200,682 shares of the company’s stock after acquiring an additional 930,955 shares during the quarter. ESAB makes up approximately 2.2% of Cooke & Bieler LP’s investment portfolio, making the stock its 10th biggest position. Cooke & Bieler LP’s holdings in ESAB were worth $144,981,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in ESAB in the 2nd quarter worth approximately $524,533,000. Bessemer Group Inc. lifted its stake in shares of ESAB by 16.3% during the 1st quarter. Bessemer Group Inc. now owns 1,225,702 shares of the company’s stock worth $118,475,000 after purchasing an additional 171,926 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of ESAB by 2.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,215,909 shares of the company’s stock worth $117,500,000 after purchasing an additional 34,383 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of ESAB by 21.7% during the first quarter. Bank of New York Mellon Corp now owns 984,297 shares of the company’s stock worth $95,142,000 after purchasing an additional 175,398 shares during the last quarter. Finally, TimesSquare Capital Management LLC acquired a new stake in shares of ESAB during the second quarter worth $56,678,000. Institutional investors and hedge funds own 91.13% of the company’s stock.

Insider Transactions at ESAB

In related news, Director Rhonda L. Jordan sold 1,000 shares of ESAB stock in a transaction on Friday, August 7th. The shares were sold at an average price of $95.00, for a total transaction of $95,000.00. Following the sale, the director owned 1,000 shares of the company’s stock, valued at $95,000. The trade was a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 7.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Weiss Ratings downgraded ESAB from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. Roth Capital reiterated a “buy” rating and set a $133.00 target price (down from $151.00) on shares of ESAB in a research report on Tuesday, September 15th. JPMorgan Chase & Co. reduced their target price on ESAB from $125.00 to $95.00 and set an “overweight” rating on the stock in a research report on Thursday, October 8th. Stifel Nicolaus set a $114.00 price target on ESAB in a research note on Monday. Finally, Oppenheimer lowered their price target on ESAB from $135.00 to $110.00 and set an “outperform” rating for the company in a report on Wednesday. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $118.67.

ESAB Price Performance

Shares of ESAB stock opened at $66.39 on Thursday. The business’s fifty day moving average price is $71.69 and its 200 day moving average price is $86.22. ESAB Corporation has a twelve month low of $62.74 and a twelve month high of $137.42. The company has a current ratio of 1.96, a quick ratio of 1.22 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $4.13 billion, a P/E ratio of 12.28, a PEG ratio of 1.03 and a beta of 1.19.

ESAB (NYSE:ESAB) last released its quarterly earnings data on Thursday, August 6th. The company reported $1.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.04). ESAB had a return on equity of 14.48% and a net margin of 5.75%. The business had revenue of $807.63 million for the quarter, compared to analysts’ expectations of $755.64 million. During the same quarter in the prior year, the firm earned $1.36 earnings per share. ESAB’s quarterly revenue was up 12.9% compared to the same quarter last year. ESAB has set its FY 2026 guidance at 5.400-5.500 EPS. As a group, research analysts anticipate that ESAB Corporation will post 5.42 earnings per share for the current year.

ESAB Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Friday, October 2nd were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Friday, October 2nd. ESAB’s dividend payout ratio (DPR) is presently 17.20%.

ESAB Company Profile

ESAB Corporation (NYSE: ESAB) is a global provider of welding and cutting technologies. The company develops and supplies equipment, consumables, automation solutions and related products used to join, cut and process metals across industrial and commercial applications.

Its product portfolio includes welding machines, cutting systems, welding electrodes and wires, filler metals, gas-control equipment, plasma and oxyfuel technologies, and digital or automated solutions. ESAB also offers products and services designed to support fabrication, manufacturing, construction, transportation, energy and maintenance operations.

ESAB serves customers in the Americas, Europe, the Middle East, Africa and the Asia-Pacific region through a portfolio of established brands and distribution channels.