Van Berkom & Associates Inc. Has $80.05 Million Stock Position in ESAB Corporation $ESAB

Van Berkom & Associates Inc. raised its holdings in shares of ESAB Corporation (NYSE:ESAB) by 28.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 716,405 shares of the company’s stock after acquiring an additional 159,539 shares during the quarter. ESAB makes up approximately 2.3% of Van Berkom & Associates Inc.’s holdings, making the stock its 16th biggest position. Van Berkom & Associates Inc. owned approximately 1.18% of ESAB worth $80,051,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in ESAB. Norges Bank bought a new position in ESAB in the second quarter valued at $83,814,000. Durable Capital Partners LP boosted its stake in shares of ESAB by 41.5% during the 2nd quarter. Durable Capital Partners LP now owns 1,385,176 shares of the company’s stock worth $166,983,000 after buying an additional 406,057 shares during the last quarter. Cooke & Bieler LP grew its holdings in shares of ESAB by 64.3% in the 3rd quarter. Cooke & Bieler LP now owns 996,533 shares of the company’s stock valued at $111,353,000 after acquiring an additional 390,104 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of ESAB by 91.1% in the 2nd quarter. First Trust Advisors LP now owns 268,158 shares of the company’s stock valued at $32,326,000 after acquiring an additional 127,865 shares in the last quarter. Finally, Champlain Investment Partners LLC increased its position in shares of 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 acquiring an additional 114,744 shares during the last quarter. Institutional investors own 91.13% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Weiss Ratings raised ESAB from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Roth Mkm reiterated a “buy” rating and set a $146.00 price objective (down previously from $150.00) on shares of ESAB in a research note on Tuesday. UBS Group increased their price objective on ESAB from $147.00 to $149.00 and gave the company a “buy” rating in a report on Monday, October 20th. Wall Street Zen downgraded shares of ESAB from a “buy” rating to a “hold” rating in a report on Sunday, December 28th. Finally, Stifel Nicolaus upped their price target on shares of ESAB from $143.00 to $144.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, ESAB currently has an average rating of “Moderate Buy” and a consensus price target of $140.63.

ESAB Stock Performance

Shares of NYSE ESAB opened at $117.57 on Wednesday. The company has a current ratio of 1.99, a quick ratio of 1.24 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $7.14 billion, a P/E ratio of 29.61, a P/E/G ratio of 2.01 and a beta of 1.24. ESAB Corporation has a 12 month low of $100.17 and a 12 month high of $135.84. The stock has a 50 day moving average of $115.55 and a 200-day moving average of $116.04.

ESAB Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Wednesday, December 31st were given a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. ESAB’s dividend payout ratio is presently 10.08%.

ESAB Company 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.