ESAB Co. (NYSE:ESAB) Shares Sold by Lawson Kroeker Investment Management Inc. NE

Lawson Kroeker Investment Management Inc. NE cut its position in shares of ESAB Co. (NYSE:ESAB) by 1.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 14,012 shares of the company’s stock after selling 189 shares during the quarter. Lawson Kroeker Investment Management Inc. NE’s holdings in ESAB were worth $1,681,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. American Century Companies Inc. boosted its stake in shares of ESAB by 73.5% during the 2nd quarter. American Century Companies Inc. now owns 8,895 shares of the company’s stock worth $840,000 after acquiring an additional 3,768 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in shares of ESAB by 138.1% during the 2nd quarter. Point72 Asset Management L.P. now owns 10,714 shares of the company’s stock worth $1,012,000 after acquiring an additional 6,214 shares in the last quarter. New Century Financial Group LLC bought a new stake in shares of ESAB during the 2nd quarter worth $321,000. Sanctuary Advisors LLC bought a new stake in shares of ESAB during the 2nd quarter worth $192,000. Finally, Handelsbanken Fonder AB boosted its stake in shares of ESAB by 18.0% during the 3rd quarter. Handelsbanken Fonder AB now owns 14,400 shares of the company’s stock worth $1,531,000 after acquiring an additional 2,200 shares in the last quarter. 91.13% of the stock is currently owned by institutional investors and hedge funds.

ESAB Stock Performance

Shares of ESAB stock opened at $121.53 on Thursday. The stock’s fifty day simple moving average is $124.09 and its 200-day simple moving average is $112.73. The company has a current ratio of 1.92, a quick ratio of 1.25 and a debt-to-equity ratio of 0.58. ESAB Co. has a 1-year low of $85.79 and a 1-year high of $135.97. The company has a market capitalization of $7.35 billion, a price-to-earnings ratio of 28.46, a P/E/G ratio of 2.01 and a beta of 1.37.

ESAB (NYSE:ESAB) last issued its earnings results on Tuesday, October 29th. The company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.13. ESAB had a return on equity of 17.27% and a net margin of 9.47%. The firm had revenue of $673.00 million for the quarter, compared to the consensus estimate of $620.50 million. During the same quarter in the previous year, the company posted $1.08 earnings per share. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. On average, sell-side analysts predict that ESAB Co. will post 4.93 earnings per share for the current fiscal year.

ESAB Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st were paid a $0.08 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.32 dividend on an annualized basis and a yield of 0.26%. ESAB’s dividend payout ratio (DPR) is currently 7.49%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Oppenheimer reissued an “outperform” rating and set a $144.00 price objective (up from $138.00) on shares of ESAB in a research note on Friday, November 8th. Evercore ISI cut ESAB from an “in-line” rating to an “underperform” rating and raised their target price for the stock from $102.00 to $122.00 in a research report on Wednesday, November 13th. Stifel Nicolaus lifted their price target on ESAB from $130.00 to $131.00 and gave the company a “hold” rating in a report on Friday, January 24th. Jefferies Financial Group started coverage on ESAB in a report on Thursday, December 12th. They set a “buy” rating and a $160.00 price target on the stock. Finally, Loop Capital lifted their price target on ESAB from $105.00 to $120.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, ESAB has an average rating of “Hold” and a consensus price target of $133.57.

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.