Xponance Inc. Has $775,000 Stake in ESAB Co. (NYSE:ESAB)

Xponance Inc. boosted its holdings in shares of ESAB Co. (NYSE:ESAB) by 5.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,458 shares of the company’s stock after purchasing an additional 331 shares during the period. Xponance Inc.’s holdings in ESAB were worth $775,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of ESAB. EverSource Wealth Advisors LLC lifted its position in shares of ESAB by 70.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 218 shares of the company’s stock worth $26,000 after buying an additional 90 shares during the last quarter. ORG Wealth Partners LLC bought a new stake in shares of ESAB during the fourth quarter worth $34,000. SBI Securities Co. Ltd. acquired a new position in shares of ESAB during the fourth quarter worth $36,000. Trust Co. of Vermont lifted its stake in shares of ESAB by 871.0% in the 4th quarter. Trust Co. of Vermont now owns 301 shares of the company’s stock valued at $36,000 after acquiring an additional 270 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in ESAB by 33.9% during the 4th quarter. GAMMA Investing LLC now owns 549 shares of the company’s stock worth $66,000 after acquiring an additional 139 shares during the last quarter. Institutional investors and hedge funds own 91.13% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Evercore ISI upgraded shares of ESAB from an “underperform” rating to an “inline” rating and dropped their price objective for the company from $122.00 to $120.00 in a report on Monday, February 24th. Stifel Nicolaus cut their price target on shares of ESAB from $131.00 to $125.00 and set a “hold” rating on the stock in a report on Friday, February 21st. JPMorgan Chase & Co. increased their price objective on ESAB from $133.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, March 18th. Finally, Jefferies Financial Group assumed coverage on ESAB in a report on Thursday, December 12th. They set a “buy” rating and a $160.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $134.14.

ESAB Stock Performance

Shares of ESAB opened at $122.77 on Tuesday. 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’s fifty day simple moving average is $122.90 and its two-hundred day simple moving average is $119.14. ESAB Co. has a 12 month low of $88.54 and a 12 month high of $135.97. The stock has a market capitalization of $7.43 billion, a P/E ratio of 28.42, a price-to-earnings-growth ratio of 2.01 and a beta of 1.36.

ESAB (NYSE:ESAB) last released its earnings results on Thursday, February 20th. The company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.15 by $0.13. The business had revenue of $633.20 million during 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%. As a group, analysts predict that ESAB Co. will post 5.16 EPS for the current year.

ESAB Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Friday, April 4th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $0.32 annualized dividend and a dividend yield of 0.26%. ESAB’s dividend payout ratio is currently 7.41%.

ESAB 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.