Tower Research Capital LLC TRC Has $716,000 Holdings in ESAB Co. (NYSE:ESAB)

Tower Research Capital LLC TRC boosted its holdings in ESAB Co. (NYSE:ESAB - Free Report) by 149.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,972 shares of the company's stock after acquiring an additional 3,576 shares during the period. Tower Research Capital LLC TRC's holdings in ESAB were worth $716,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its position in ESAB by 70.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 218 shares of the company's stock valued at $26,000 after purchasing an additional 90 shares during the period. ORG Wealth Partners LLC acquired a new position in shares of ESAB during the fourth quarter valued at $34,000. Trust Co. of Vermont grew its position in shares of ESAB by 871.0% during the fourth quarter. Trust Co. of Vermont now owns 301 shares of the company's stock worth $36,000 after acquiring an additional 270 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of ESAB in the 4th quarter worth about $36,000. Finally, GAMMA Investing LLC lifted its position in ESAB by 33.9% in the 4th quarter. GAMMA Investing LLC now owns 549 shares of the company's stock valued at $66,000 after purchasing an additional 139 shares during the last quarter. Institutional investors own 91.13% of the company's stock.

Wall Street Analyst Weigh In

ESAB has been the topic of several analyst reports. Stifel Nicolaus raised their price target on shares of ESAB from $109.00 to $126.00 and gave the company a "hold" rating in a research note on Friday. JPMorgan Chase & Co. raised their target price on ESAB from $133.00 to $140.00 and gave the company an "overweight" rating in a research report on Tuesday, March 18th. UBS Group upgraded ESAB from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $123.00 to $147.00 in a research report on Tuesday, April 1st. Finally, Evercore ISI raised ESAB from an "underperform" rating to an "inline" rating and lowered their price target for the company from $122.00 to $120.00 in a report on Monday, February 24th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $135.88.

ESAB Price Performance

Shares of ESAB traded up $6.41 during mid-day trading on Friday, hitting $124.64. The company's stock had a trading volume of 94,781 shares, compared to its average volume of 278,484. The stock has a market capitalization of $7.56 billion, a price-to-earnings ratio of 28.78, a PEG ratio of 2.01 and a beta of 1.37. ESAB Co. has a fifty-two week low of $88.54 and a fifty-two week high of $135.97. The firm has a 50-day moving average price of $117.87 and a 200 day moving average price of $121.40. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.82 and a quick ratio of 1.25.

ESAB (NYSE:ESAB - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.07. The firm had revenue of $678.14 million for the quarter, compared to analysts' expectations of $633.66 million. ESAB had a net margin of 9.66% and a return on equity of 17.43%. The company's quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.20 EPS. On average, research analysts predict that ESAB Co. will post 5.16 EPS for the current fiscal year.

ESAB Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Friday, April 4th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date was Friday, April 4th. ESAB's dividend payout ratio (DPR) is 7.41%.

ESAB Company Profile

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.