Lecap Asset Management Ltd. Buys Shares of 7,932 ESAB Corporation $ESAB

Lecap Asset Management Ltd. purchased a new position in shares of ESAB Corporation (NYSE:ESAB) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,932 shares of the company’s stock, valued at approximately $886,000.

Other large investors have also added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. increased its position in ESAB by 3.1% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,693 shares of the company’s stock valued at $325,000 after acquiring an additional 81 shares during the period. Thrivent Financial for Lutherans grew its stake in shares of ESAB by 0.7% in the second quarter. Thrivent Financial for Lutherans now owns 13,417 shares of the company’s stock worth $1,617,000 after purchasing an additional 95 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in ESAB by 0.6% in the second quarter. Louisiana State Employees Retirement System now owns 16,000 shares of the company’s stock valued at $1,929,000 after purchasing an additional 100 shares during the period. State of Michigan Retirement System increased its holdings in ESAB by 0.7% in the second quarter. State of Michigan Retirement System now owns 13,702 shares of the company’s stock valued at $1,652,000 after purchasing an additional 100 shares during the period. Finally, ProShare Advisors LLC raised its position in ESAB by 4.4% during the 2nd quarter. ProShare Advisors LLC now owns 2,527 shares of the company’s stock worth $305,000 after purchasing an additional 106 shares during the last quarter. Institutional investors own 91.13% of the company’s stock.

Analyst Upgrades and Downgrades

ESAB has been the subject of several recent research reports. UBS Group increased their price target on ESAB from $147.00 to $149.00 and gave the company a “buy” rating in a research note on Monday, October 20th. JPMorgan Chase & Co. increased their target price on shares of ESAB from $138.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Wall Street Zen downgraded shares of ESAB from a “buy” rating to a “hold” rating in a research report on Sunday, December 28th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ESAB in a research note on Monday, December 29th. Finally, Stifel Nicolaus lifted their target price on shares of ESAB from $141.00 to $143.00 and gave the stock a “buy” rating in a research note on Tuesday, December 16th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, ESAB presently has an average rating of “Moderate Buy” and an average price target of $141.50.

ESAB Price Performance

ESAB stock opened at $118.76 on Friday. The stock has a market capitalization of $7.21 billion, a price-to-earnings ratio of 29.91, a PEG ratio of 1.97 and a beta of 1.24. ESAB Corporation has a 52-week low of $100.17 and a 52-week high of $135.84. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.24 and a current ratio of 1.99. The stock’s 50 day moving average price is $112.41 and its two-hundred day moving average price is $116.73.

ESAB (NYSE:ESAB) last released its earnings results on Wednesday, October 29th. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.05. The company had revenue of $727.85 million for the quarter, compared to the consensus estimate of $663.57 million. ESAB had a net margin of 8.70% and a return on equity of 15.93%. ESAB’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.25 EPS. ESAB has set its FY 2025 guidance at 5.200-5.30 EPS. On average, equities analysts predict that ESAB Corporation will post 5.16 earnings per share for the current year.

ESAB Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Wednesday, December 31st will be paid a $0.10 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. ESAB’s dividend payout ratio (DPR) is currently 10.08%.

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.