Boston Trust Walden Corp Invests $23.16 Million in ESAB Corporation $ESAB

Boston Trust Walden Corp acquired a new stake in shares of ESAB Corporation (NYSE:ESAB) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 239,607 shares of the company’s stock, valued at approximately $23,160,000. Boston Trust Walden Corp owned approximately 0.39% of ESAB as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of ESAB. FNY Investment Advisers LLC purchased a new position in shares of ESAB in the third quarter valued at $30,000. Los Angeles Capital Management LLC bought a new stake in ESAB during the fourth quarter valued at about $33,000. Northwestern Mutual Wealth Management Co. boosted its stake in ESAB by 109.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 333 shares of the company’s stock valued at $40,000 after acquiring an additional 174 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of ESAB by 259.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 381 shares of the company’s stock worth $43,000 after acquiring an additional 275 shares during the last quarter. Finally, Global Retirement Partners LLC increased its holdings in shares of ESAB by 3,023.1% in the fourth quarter. Global Retirement Partners LLC now owns 406 shares of the company’s stock valued at $45,000 after purchasing an additional 393 shares during the period. 91.13% of the stock is owned by hedge funds and other institutional investors.

ESAB Trading Up 0.2%

ESAB stock opened at $92.99 on Friday. The company has a quick ratio of 2.26, a current ratio of 2.97 and a debt-to-equity ratio of 0.91. ESAB Corporation has a twelve month low of $82.18 and a twelve month high of $137.42. The company has a market cap of $5.66 billion, a P/E ratio of 27.51, a PEG ratio of 1.70 and a beta of 1.17. The business has a fifty day moving average of $94.98 and a 200-day moving average of $106.96.

ESAB (NYSE:ESAB) last issued its quarterly earnings data on Thursday, May 7th. The company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.01). The company had revenue of $745.60 million for the quarter, compared to the consensus estimate of $706.74 million. ESAB had a return on equity of 15.04% and a net margin of 7.11%.The firm’s revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.25 EPS. As a group, equities research analysts expect that ESAB Corporation will post 5.82 EPS for the current year.

ESAB Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Friday, July 3rd will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost from ESAB’s previous quarterly dividend of $0.10. The ex-dividend date is Thursday, July 2nd. ESAB’s dividend payout ratio (DPR) is presently 14.20%.

Wall Street Analyst Weigh In

ESAB has been the subject of a number of recent research reports. DA Davidson assumed coverage on shares of ESAB in a research report on Monday, June 15th. They issued a “buy” rating and a $130.00 target price for the company. Weiss Ratings cut shares of ESAB from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, April 27th. Jefferies Financial Group reissued a “buy” rating and issued a $130.00 price objective (down from $150.00) on shares of ESAB in a report on Tuesday, March 31st. JPMorgan Chase & Co. lowered their price target on shares of ESAB from $148.00 to $135.00 and set an “overweight” rating on the stock in a research note on Friday, April 10th. Finally, Stifel Nicolaus set a $141.00 target price on shares of ESAB in a report on Friday, May 8th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $138.38.

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.