1 week Ago By Defense World Staff
Pictet Asset Management Holding SA lifted its position in shares of ESAB Co. ( NYSE:ESAB – Free Report ) by 14.3% in the 4th quarter, according to its most recent 13F filing with the SEC.
The firm owned 7,965 shares of the company’s stock after acquiring an additional 998 shares during the quarter. Pictet Asset Management Holding SA’s holdings in ESAB were worth $955,000 at the end of the most recent quarter. Other large investors also recently added to or reduced their stakes in the company.
EverSource Wealth Advisors LLC grew its holdings in ESAB by 70.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 218 shares of the company’s stock valued at $26,000 after buying an additional 90 shares in the last quarter.
ORG Wealth Partners LLC bought a new position in shares of ESAB in the fourth quarter valued at approximately $34,000. Trust Co. of Vermont grew its stake in ESAB by 871.
0% during the fourth quarter. Trust Co. of Vermont now owns 301 shares of the company’s stock valued at $36,000 after acquiring an additional 270 shares in the last quarter.
SBI Securities Co. Ltd. bought a new stake in ESAB during the 4th quarter worth approximately $36,000.
Finally, GAMMA Investing LLC lifted its stake in ESAB by 33.9% in the 4th quarter. GAMMA Investing LLC now owns 549 shares of the company’s stock worth $66,000 after purchasing an additional 139 shares in the last quarter.
Hedge funds and other institutional investors own 91.13% of the company’s stock. Analyst Upgrades and Downgrades A number of analysts have recently issued reports on the company.
Jefferies Financial Group initiated coverage on ESAB in a research report on Thursday, December 12th. They set a “buy” rating and a $160.00 price target for the company.
UBS Group upgraded shares of ESAB from a “neutral” rating to a “buy” rating and lifted their target price for the company from $123.00 to $147.00 in a research report on Tuesday, April 1st.
JPMorgan Chase & Co. increased their price target on shares of ESAB from $133.00 to $140.
00 and gave the stock an “overweight” rating in a report on Tuesday, March 18th. Stifel Nicolaus dropped their price objective on shares of ESAB from $131.00 to $125.
00 and set a “hold” rating for the company in a report on Friday, February 21st. Finally, Evercore ISI raised ESAB from an “underperform” rating to an “inline” rating and reduced their target price for the company from $122.00 to $120.
00 in a research note on Monday, February 24th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.
com, the stock currently has an average rating of “Moderate Buy” and an average price target of $135.75. ESAB Price Performance ESAB opened at $107.
25 on Monday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.
25 and a current ratio of 1.82. The stock’s 50 day moving average price is $121.
82 and its 200-day moving average price is $120.37. The stock has a market capitalization of $6.
50 billion, a PE ratio of 24.83, a price-to-earnings-growth ratio of 2.01 and a beta of 1.
37. ESAB Co. has a 52-week low of $88.
54 and a 52-week high of $135.97. ESAB ( NYSE:ESAB – Get Free Report ) last posted its earnings results on Thursday, February 20th.
The company reported $1.28 earnings per share 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 the consensus estimate of $636.
43 million. ESAB had a return on equity of 17.43% and a net margin of 9.
66%. On average, equities research analysts predict that ESAB Co. will post 5.
16 EPS for the current year. ESAB Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Friday, April 4th will be issued a $0.
08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.
30%. The ex-dividend date is Friday, April 4th. ESAB’s dividend payout ratio (DPR) is presently 7.
41%. ESAB Company Profile ( Free Report ) 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.
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