Inceptionr LLC Acquires Shares of 2,887 ESAB Corporation $ESAB

Inceptionr LLC bought a new position in shares of ESAB Corporation (NYSE:ESAB) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,887 shares of the company’s stock, valued at approximately $348,000.

Other hedge funds have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new position in shares of ESAB in the 1st quarter worth about $33,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in ESAB by 706.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 363 shares of the company’s stock worth $42,000 after purchasing an additional 318 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of ESAB during the second quarter valued at approximately $59,000. Quarry LP lifted its holdings in shares of ESAB by 637.2% during the first quarter. Quarry LP now owns 1,268 shares of the company’s stock valued at $148,000 after purchasing an additional 1,096 shares during the last quarter. Finally, Cross Staff Investments Inc bought a new stake in shares of ESAB in the 2nd quarter worth approximately $201,000. Institutional investors own 91.13% of the company’s stock.

ESAB Stock Up 0.3%

Shares of ESAB stock opened at $112.31 on Friday. The company has a current ratio of 1.99, a quick ratio of 1.24 and a debt-to-equity ratio of 0.62. ESAB Corporation has a 12 month low of $100.17 and a 12 month high of $135.84. The stock has a market cap of $6.82 billion, a P/E ratio of 28.29, a P/E/G ratio of 2.17 and a beta of 1.23. The company has a 50 day simple moving average of $114.45 and a two-hundred day simple moving average of $119.00.

ESAB (NYSE:ESAB) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.05. ESAB had a net margin of 8.70% and a return on equity of 15.93%. The business had revenue of $727.85 million for the quarter, compared to analysts’ expectations of $663.57 million. During the same quarter last year, the company posted $1.25 EPS. The company’s 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. On average, research analysts expect that ESAB Corporation will post 5.16 earnings per share for the current year.

ESAB Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Friday, October 3rd were paid a dividend of $0.10 per share. The ex-dividend date was Friday, October 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. ESAB’s payout ratio is 10.08%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on ESAB shares. Zacks Research lowered ESAB from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. JPMorgan Chase & Co. increased their price target on shares of ESAB from $138.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Stifel Nicolaus raised ESAB from a “hold” rating to a “buy” rating and set a $141.00 price objective on the stock in a research report on Thursday, August 7th. Roth Capital initiated coverage on shares of ESAB in a research note on Friday, September 5th. They issued a “buy” rating and a $150.00 price target for the company. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of ESAB in a research report on Tuesday. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $143.33.

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.