10,075 Shares in ESAB Corporation $ESAB Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. purchased a new stake in ESAB Corporation (NYSE:ESAB) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,075 shares of the company’s stock, valued at approximately $1,126,000.

A number of other institutional investors and hedge funds also recently modified their holdings of ESAB. Invesco Ltd. grew its holdings in shares of ESAB by 1.6% in the 2nd quarter. Invesco Ltd. now owns 2,123,958 shares of the company’s stock worth $256,043,000 after acquiring an additional 33,015 shares during the last quarter. Champlain Investment Partners LLC boosted its position in shares of ESAB by 5.9% in the 2nd 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. Durable Capital Partners LP increased its stake in ESAB by 41.5% in the 2nd quarter. Durable Capital Partners LP now owns 1,385,176 shares of the company’s stock worth $166,983,000 after purchasing an additional 406,057 shares in the last quarter. Geode Capital Management LLC raised its holdings in ESAB by 1.0% during the 2nd quarter. Geode Capital Management LLC now owns 1,272,604 shares of the company’s stock worth $153,432,000 after buying an additional 12,660 shares during the period. Finally, DAVENPORT & Co LLC lifted its stake in ESAB by 10.4% during the third quarter. DAVENPORT & Co LLC now owns 1,011,536 shares of the company’s stock valued at $113,029,000 after buying an additional 95,294 shares in the last quarter. Institutional investors and hedge funds own 91.13% of the company’s stock.

ESAB Trading Up 0.8%

NYSE ESAB opened at $134.92 on Monday. 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 1-year low of $100.17 and a 1-year high of $137.42. The firm’s fifty day simple moving average is $118.93 and its 200-day simple moving average is $116.11. The company has a market capitalization of $8.19 billion, a PE ratio of 33.98, a price-to-earnings-growth ratio of 2.50 and a beta of 1.24.

ESAB Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Wednesday, December 31st were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. ESAB’s dividend payout ratio (DPR) is 10.08%.

Analyst Ratings Changes

Several research analysts have recently weighed in on ESAB shares. UBS Group lifted their target price on shares of ESAB from $147.00 to $149.00 and gave the stock a “buy” rating in a research report on Monday, October 20th. Roth Mkm reiterated a “buy” rating and set a $146.00 price objective (down from $150.00) on shares of ESAB in a research report on Tuesday, February 3rd. JPMorgan Chase & Co. cut their target price on shares of ESAB from $138.00 to $130.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 3rd. Weiss Ratings raised ESAB from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 2nd. Finally, Stifel Nicolaus lifted their price target on ESAB from $143.00 to $144.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, ESAB has an average rating of “Moderate Buy” and a consensus price target of $140.63.

ESAB Profile

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.