Teacher Retirement System of Texas Boosts Stock Position in ESAB Corporation $ESAB

Key Points

• Teacher Retirement System of Texas boosted its ESAB stake by 33.9% in Q4, buying 44,877 shares to hold 177,428 shares (≈0.29% of the company) valued at about $19.82 million.
• Institutional investors dominate ESAB ownership (about 91.13%); several large funds (Durable Capital, Interval Partners, Millennium, Cooke & Bieler, Schonfeld) materially increased positions in recent quarters.
• ESAB slightly beat Q4 EPS expectations and reported 7.5% revenue growth year‑over‑year, declared a quarterly dividend of $0.10 (annualized $0.40, 0.4% yield), and its CEO sold 59,404 shares; analysts hold a consensus Moderate Buy with an average target of $138.40.

Teacher Retirement System of Texas boosted its holdings in ESAB Corporation (NYSE:ESAB - Free Report) by 33.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 177,428 shares of the company's stock after purchasing an additional 44,877 shares during the period. Teacher Retirement System of Texas owned about 0.29% of ESAB worth $19,822,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of ESAB. Durable Capital Partners LP boosted its position in ESAB by 40.5% in the third quarter. Durable Capital Partners LP now owns 1,945,854 shares of the company's stock worth $217,430,000 after purchasing an additional 560,678 shares during the last quarter. Interval Partners LP boosted its position in ESAB by 726.9% in the third quarter. Interval Partners LP now owns 632,412 shares of the company's stock worth $70,666,000 after purchasing an additional 555,932 shares during the last quarter. Millennium Management LLC boosted its position in ESAB by 2,367.3% in the third quarter. Millennium Management LLC now owns 432,279 shares of the company's stock worth $48,303,000 after purchasing an additional 414,759 shares during the last quarter. Cooke & Bieler LP boosted its position in ESAB by 64.3% in the third quarter. Cooke & Bieler LP now owns 996,533 shares of the company's stock worth $111,353,000 after purchasing an additional 390,104 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC boosted its position in ESAB by 182.4% in the third quarter. Schonfeld Strategic Advisors LLC now owns 295,745 shares of the company's stock worth $33,047,000 after purchasing an additional 191,029 shares during the last quarter. Hedge funds and other institutional investors own 91.13% of the company's stock.

ESAB Stock Performance

Shares of ESAB opened at $101.35 on Friday. The firm has a market cap of $6.17 billion, a PE ratio of 27.39, a PEG ratio of 1.91 and a beta of 1.36. The stock's fifty day moving average price is $107.34 and its two-hundred day moving average price is $113.62. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.90 and a quick ratio of 1.17. ESAB Corporation has a 1 year low of $89.41 and a 1 year high of $137.42.

ESAB (NYSE:ESAB - Get Free Report) last issued its earnings results on Friday, February 20th. The company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.01. The firm had revenue of $687.00 million for the quarter, compared to analyst estimates of $687.80 million. ESAB had a return on equity of 15.38% and a net margin of 7.98%.The business's revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.28 earnings per share. On average, equities research analysts forecast that ESAB Corporation will post 5.82 EPS for the current year.

ESAB Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 17th. Shareholders of record on Thursday, April 2nd were paid a $0.10 dividend. The ex-dividend date was Thursday, April 2nd. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. ESAB's payout ratio is presently 10.81%.

Insider Activity

In related news, CEO Shyam Kambeyanda sold 59,404 shares of the business's stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $123.79, for a total transaction of $7,353,621.16. Following the sale, the chief executive officer directly owned 99,864 shares in the company, valued at approximately $12,362,164.56. The trade was a 37.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 7.20% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ESAB. Stifel Nicolaus cut their price objective on ESAB from $158.00 to $138.00 and set a "buy" rating on the stock in a research report on Wednesday, April 8th. Wall Street Zen cut ESAB from a "buy" rating to a "hold" rating in a research report on Saturday, March 21st. Weiss Ratings cut ESAB from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, February 20th. DA Davidson lowered their target price on ESAB from $146.00 to $142.00 and set a "buy" rating on the stock in a research note on Thursday, April 16th. Finally, Roth Mkm set a $142.00 target price on ESAB in a research note on Thursday, April 16th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $138.40.

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.

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