Keeley Teton Advisors LLC Has $4.72 Million Stock Holdings in ESAB Co. (NYSE:ESAB)

Keeley Teton Advisors LLC decreased its holdings in shares of ESAB Co. (NYSE:ESAB) by 19.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,360 shares of the company’s stock after selling 9,574 shares during the quarter. Keeley Teton Advisors LLC’s holdings in ESAB were worth $4,721,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its stake in ESAB by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 5,546,104 shares of the company’s stock worth $665,200,000 after purchasing an additional 20,741 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in ESAB by 15.9% in the fourth quarter. JPMorgan Chase & Co. now owns 2,202,568 shares of the company’s stock valued at $264,176,000 after purchasing an additional 302,453 shares during the period. Invesco Ltd. increased its stake in shares of ESAB by 17.9% in the fourth quarter. Invesco Ltd. now owns 2,097,624 shares of the company’s stock valued at $251,589,000 after buying an additional 318,018 shares during the period. Neuberger Berman Group LLC lifted its position in shares of ESAB by 1.7% in the 4th quarter. Neuberger Berman Group LLC now owns 1,888,685 shares of the company’s stock worth $226,529,000 after purchasing an additional 31,248 shares during the period. Finally, Geode Capital Management LLC boosted its position in ESAB by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 1,195,048 shares of the company’s stock valued at $143,370,000 after acquiring an additional 34,992 shares during the last quarter. Institutional investors own 91.13% of the company’s stock.

ESAB Stock Up 0.2 %

Shares of NYSE ESAB opened at $115.50 on Tuesday. ESAB Co. has a 12 month low of $88.54 and a 12 month high of $135.97. The company has a current ratio of 1.82, a quick ratio of 1.25 and a debt-to-equity ratio of 0.59. The firm has a fifty day simple moving average of $120.13 and a two-hundred day simple moving average of $120.58. The firm has a market capitalization of $7.00 billion, a PE ratio of 26.74, a price-to-earnings-growth ratio of 2.01 and a beta of 1.37.

ESAB (NYSE:ESAB) last issued its quarterly earnings results on Thursday, February 20th. The company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.13. The firm had revenue of $633.20 million for the quarter, compared to analysts’ expectations of $636.43 million. ESAB had a return on equity of 17.43% and a net margin of 9.66%. Equities analysts expect that ESAB Co. will post 5.16 earnings per share for the current year.

ESAB Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Friday, April 4th will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, April 4th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.28%. ESAB’s dividend payout ratio is currently 7.41%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Evercore ISI raised shares of ESAB from an “underperform” rating to an “inline” rating and decreased their price target for the company from $122.00 to $120.00 in a research note on Monday, February 24th. JPMorgan Chase & Co. upped their target price on shares of ESAB from $133.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 18th. Stifel Nicolaus dropped their price target on ESAB from $125.00 to $109.00 and set a “hold” rating on the stock in a report on Monday. Finally, UBS Group raised shares of ESAB from a “neutral” rating to a “buy” rating and increased their target price for the company from $123.00 to $147.00 in a research report on Tuesday, April 1st. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $133.75.

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.