ESAB Corporation (ESAB) To Go Ex-Dividend on December 31st

ESAB Corporation (NYSE:ESAB) announced a quarterly dividend on Thursday, December 4th. Stockholders of record on Wednesday, December 31st will be given a dividend of 0.10 per share on Friday, January 16th. This represents a c) annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Wednesday, December 31st.

ESAB has a payout ratio of 6.9% meaning its dividend is sufficiently covered by earnings. Analysts expect ESAB to earn $5.83 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 6.9%.

ESAB Price Performance

Shares of ESAB stock opened at $114.10 on Monday. The stock has a market cap of $6.93 billion, a price-to-earnings ratio of 28.74, a price-to-earnings-growth ratio of 2.22 and a beta of 1.24. 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 stock has a 50 day moving average price of $113.61 and a 200-day moving average price of $117.09. ESAB has a one year low of $100.17 and a one year high of $135.84.

ESAB (NYSE:ESAB) last released its quarterly earnings results on Wednesday, October 29th. The company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.05. The company had revenue of $727.85 million for the quarter, compared to analyst estimates of $663.57 million. ESAB had a return on equity of 15.93% and a net margin of 8.70%.ESAB’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.25 EPS. ESAB has set its FY 2025 guidance at 5.200-5.30 EPS. Equities analysts expect that ESAB will post 5.16 EPS for the current year.

Institutional Trading of ESAB

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Citizens Bank & Trust Co. grew its position in shares of ESAB by 266.0% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 7,861 shares of the company’s stock valued at $948,000 after acquiring an additional 5,713 shares during the period. Advantage Alpha Capital Partners LP raised its holdings in ESAB by 56.4% in the 2nd quarter. Advantage Alpha Capital Partners LP now owns 26,644 shares of the company’s stock worth $3,212,000 after purchasing an additional 9,608 shares during the period. Daiwa Securities Group Inc. boosted its position in ESAB by 82.1% during the second quarter. Daiwa Securities Group Inc. now owns 39,739 shares of the company’s stock worth $4,791,000 after purchasing an additional 17,911 shares in the last quarter. Fifth Third Bancorp grew its holdings in ESAB by 159.9% in the second quarter. Fifth Third Bancorp now owns 3,667 shares of the company’s stock valued at $442,000 after purchasing an additional 2,256 shares during the period. Finally, Champlain Investment Partners LLC grew its holdings in ESAB by 5.9% in the second quarter. Champlain Investment Partners LLC now owns 2,043,843 shares of the company’s stock valued at $246,385,000 after purchasing an additional 114,744 shares during the period. Institutional investors and hedge funds own 91.13% of the company’s stock.

About ESAB

ESAB Corporation is a global leader in welding, cutting and gas control technologies, offering a comprehensive portfolio of equipment, consumables and automation solutions. The company’s products include welding power sources, cutting machines, torches, electrodes, filler metals and gas regulating equipment designed to meet the needs of diverse industries. ESAB serves sectors such as construction, shipbuilding, automotive, energy, infrastructure and manufacturing, providing both standard and customized solutions to enhance productivity and quality in metal fabrication and processing.

Founded in 1904 by Swedish inventor Oscar Kjellberg, ESAB pioneered the development of coated welding electrodes, laying the groundwork for modern welding practices.