Hunter Perkins Capital Management LLC Has $1.40 Million Holdings in ESAB Co. (NYSE:ESAB)

Hunter Perkins Capital Management LLC boosted its position in ESAB Co. (NYSE:ESAB) by 4.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,665 shares of the company’s stock after purchasing an additional 445 shares during the quarter. Hunter Perkins Capital Management LLC’s holdings in ESAB were worth $1,399,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake 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. Legacy Capital Group California Inc. grew its holdings in ESAB by 8.5% in the third quarter. Legacy Capital Group California Inc. now owns 2,320 shares of the company’s stock worth $247,000 after purchasing an additional 181 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in ESAB by 5.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 3,829 shares of the company’s stock valued at $362,000 after buying an additional 185 shares in the last quarter. Asset Management One Co. Ltd. raised its position in shares of ESAB by 20.4% during the third quarter. Asset Management One Co. Ltd. now owns 1,123 shares of the company’s stock worth $119,000 after purchasing an additional 190 shares during the period. Finally, Crossmark Global Holdings Inc. lifted its stake in shares of ESAB by 5.9% in the third quarter. Crossmark Global Holdings Inc. now owns 3,912 shares of the company’s stock valued at $416,000 after buying an additional 218 shares in the last quarter. 91.13% of the stock is owned by institutional investors.

Insider Buying and Selling at ESAB

In other ESAB news, CEO Shyam Kambeyanda sold 59,120 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $122.96, for a total value of $7,269,395.20. Following the completion of the transaction, the chief executive officer now directly owns 53,902 shares of the company’s stock, valued at approximately $6,627,789.92. The trade was a 52.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Rhonda L. Jordan sold 4,254 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $125.03, for a total value of $531,877.62. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 68,418 shares of company stock worth $8,431,773. 7.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on ESAB shares. Stifel Nicolaus boosted their price target on shares of ESAB from $130.00 to $131.00 and gave the stock a “hold” rating in a report on Friday. Loop Capital boosted their price objective on ESAB from $105.00 to $120.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. raised their price target on ESAB from $120.00 to $128.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Oppenheimer reaffirmed an “outperform” rating and set a $144.00 price objective (up previously from $138.00) on shares of ESAB in a research note on Friday, November 8th. Finally, Jefferies Financial Group began coverage on shares of ESAB in a research note on Thursday, December 12th. They issued a “buy” rating and a $160.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $133.57.

ESAB Trading Up 0.0 %

Shares of NYSE ESAB opened at $123.82 on Monday. The stock has a market capitalization of $7.48 billion, a P/E ratio of 29.00, a PEG ratio of 2.01 and a beta of 1.37. The business’s 50 day moving average is $124.10 and its two-hundred day moving average is $112.30. ESAB Co. has a 1-year low of $85.79 and a 1-year high of $135.97. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.92 and a quick ratio of 1.25.

ESAB (NYSE:ESAB) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.12 by $0.13. The company had revenue of $673.00 million for the quarter, compared to the consensus estimate of $620.50 million. ESAB had a net margin of 9.47% and a return on equity of 17.27%. The firm’s revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.08 EPS. As a group, research analysts expect that ESAB Co. will post 4.93 EPS for the current year.

ESAB Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st were paid a $0.08 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.32 annualized dividend and a yield of 0.26%. ESAB’s dividend payout ratio (DPR) is 7.49%.

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.