SG Americas Securities LLC Buys 4,974 Shares of ESAB Corporation $ESAB

SG Americas Securities LLC raised its stake in shares of ESAB Corporation (NYSE:ESAB) by 19.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,006 shares of the company’s stock after buying an additional 4,974 shares during the quarter. SG Americas Securities LLC’s holdings in ESAB were worth $3,617,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

ESAB Stock Down 0.0%

ESAB stock opened at $107.15 on Wednesday. The firm’s 50 day moving average price is $114.71 and its 200-day moving average price is $119.82. ESAB Corporation has a one year low of $100.17 and a one year 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 firm has a market cap of $6.51 billion, a PE ratio of 26.99, a PEG ratio of 2.08 and a beta of 1.23.

ESAB (NYSE:ESAB) last released its quarterly earnings results on Wednesday, October 29th. The company reported $1.32 EPS for the quarter, topping 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 analysts’ expectations of $663.57 million. During the same period in the prior year, the firm earned $1.25 earnings per share. The firm’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, equities research analysts anticipate that ESAB Corporation will post 5.16 EPS for the current year.

ESAB Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Friday, October 3rd were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Friday, October 3rd. ESAB’s dividend payout ratio is presently 10.08%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ESAB shares. Wall Street Zen upgraded shares of ESAB from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Zacks Research cut shares of ESAB from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. Loop Capital upgraded ESAB from a “hold” rating to a “buy” rating and increased their price objective for the company from $130.00 to $140.00 in a report on Friday, August 22nd. JPMorgan Chase & Co. boosted their target price on ESAB from $138.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of ESAB in a report on Thursday, November 13th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $143.33.

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.